Barclays Issues Pessimistic Forecast for Virtus Investment Partners (NASDAQ:VRTS) Stock Price

Virtus Investment Partners (NASDAQ:VRTS) had its price target decreased by equities researchers at Barclays from $239.00 to $221.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “underweight” rating on the closed-end fund’s stock. Barclays‘s target price would indicate a potential upside of 5.69% from the company’s previous close.

A number of other equities research analysts have also recently commented on VRTS. Piper Sandler increased their price target on shares of Virtus Investment Partners from $264.00 to $274.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Morgan Stanley increased their target price on Virtus Investment Partners from $224.00 to $228.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. Finally, StockNews.com upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating in a research note on Monday, December 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Virtus Investment Partners presently has an average rating of “Hold” and an average price target of $242.50.

Virtus Investment Partners Trading Down 0.9 %

NASDAQ VRTS opened at $209.10 on Friday. Virtus Investment Partners has a 12 month low of $190.42 and a 12 month high of $263.39. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average price is $230.80 and its 200-day moving average price is $220.43. The stock has a market cap of $1.47 billion, a P/E ratio of 12.71 and a beta of 1.48.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Quarry LP lifted its position in shares of Virtus Investment Partners by 388.5% during the 3rd quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock valued at $27,000 after buying an additional 101 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Virtus Investment Partners in the second quarter worth approximately $42,000. nVerses Capital LLC purchased a new stake in shares of Virtus Investment Partners in the third quarter worth $42,000. Blue Trust Inc. raised its position in shares of Virtus Investment Partners by 138.3% during the 3rd quarter. Blue Trust Inc. now owns 317 shares of the closed-end fund’s stock valued at $72,000 after purchasing an additional 184 shares during the period. Finally, Point72 DIFC Ltd lifted its stake in shares of Virtus Investment Partners by 57.2% during the 3rd quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund’s stock valued at $128,000 after buying an additional 222 shares in the last quarter. 80.52% of the stock is currently owned by institutional investors.

About Virtus Investment Partners

Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.