Virtus Investment Partners (VRTS) Given a $112.00 Price Target at Morgan Stanley

Virtus Investment Partners (NASDAQ:VRTS) received a $112.00 target price from research analysts at Morgan Stanley in a report issued on Friday, TipRanks reports. The brokerage currently has a “hold” rating on the closed-end fund’s stock. Morgan Stanley’s target price suggests a potential downside of 9.68% from the company’s current price.

Several other equities analysts also recently issued reports on the company. BidaskClub upgraded Virtus Investment Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 17th. Barclays boosted their target price on Virtus Investment Partners from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 19th. ValuEngine upgraded Virtus Investment Partners from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 27th. Credit Suisse Group set a $113.00 target price on Virtus Investment Partners and gave the stock an “outperform” rating in a research report on Monday, January 14th. Finally, Zacks Investment Research downgraded Virtus Investment Partners from a “hold” rating to a “sell” rating in a research report on Saturday, January 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Virtus Investment Partners has a consensus rating of “Hold” and an average price target of $111.17.

Shares of NASDAQ:VRTS traded up $3.13 during trading on Friday, hitting $124.00. 2,971 shares of the stock were exchanged, compared to its average volume of 68,393. Virtus Investment Partners has a 1-year low of $70.00 and a 1-year high of $138.02. The firm has a market capitalization of $830.21 million, a PE ratio of 10.09, a PEG ratio of 3.61 and a beta of 1.52. The company has a current ratio of 16.69, a quick ratio of 16.69 and a debt-to-equity ratio of 0.62.

Virtus Investment Partners (NASDAQ:VRTS) last announced its quarterly earnings results on Friday, April 26th. The closed-end fund reported $2.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.39 by $0.34. The business had revenue of $130.70 million for the quarter, compared to analyst estimates of $131.64 million. Virtus Investment Partners had a return on equity of 19.83% and a net margin of 13.68%. Virtus Investment Partners’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.59 EPS. On average, sell-side analysts predict that Virtus Investment Partners will post 11.96 EPS for the current year.

Several institutional investors have recently made changes to their positions in VRTS. Oppenheimer Asset Management Inc. acquired a new stake in shares of Virtus Investment Partners during the fourth quarter worth $28,000. Public Employees Retirement System of Ohio grew its stake in Virtus Investment Partners by 67.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 370 shares of the closed-end fund’s stock valued at $29,000 after acquiring an additional 149 shares during the period. Neuburgh Advisers LLC grew its stake in Virtus Investment Partners by 14.8% in the fourth quarter. Neuburgh Advisers LLC now owns 992 shares of the closed-end fund’s stock valued at $79,000 after acquiring an additional 128 shares during the period. Penserra Capital Management LLC grew its stake in Virtus Investment Partners by 29.3% in the fourth quarter. Penserra Capital Management LLC now owns 1,272 shares of the closed-end fund’s stock valued at $101,000 after acquiring an additional 288 shares during the period. Finally, BNP Paribas Arbitrage SA grew its stake in Virtus Investment Partners by 212.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,513 shares of the closed-end fund’s stock valued at $148,000 after acquiring an additional 1,028 shares during the period. 97.64% of the stock is owned by institutional investors and hedge funds.

Virtus Investment Partners Company Profile

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.

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Analyst Recommendations for Virtus Investment Partners (NASDAQ:VRTS)

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