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

Virtus Investment Partners (NASDAQ:VRTS) had its target price raised by equities research analysts at Barclays from $212.00 to $239.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the closed-end fund’s stock. Barclays‘s target price would indicate a potential downside of 3.91% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. StockNews.com lowered shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Monday, November 25th. Morgan Stanley increased their price objective on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the stock an “underweight” rating in a report on Friday, October 18th. Finally, Piper Sandler raised their target price on shares of Virtus Investment Partners from $264.00 to $274.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $244.25.

Virtus Investment Partners Trading Up 1.3 %

VRTS stock traded up $3.17 on Monday, hitting $248.72. 13,099 shares of the company were exchanged, compared to its average volume of 42,115. Virtus Investment Partners has a twelve month low of $190.42 and a twelve month high of $263.39. The business’s fifty day moving average is $227.05 and its two-hundred day moving average is $220.48. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 15.08 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86.

Institutional Investors Weigh In On Virtus Investment Partners

Several large investors have recently made changes to their positions in VRTS. Cetera Advisors LLC bought a new stake in Virtus Investment Partners during the 1st quarter worth about $657,000. Quest Partners LLC lifted its position in Virtus Investment Partners by 183.0% during the 2nd quarter. Quest Partners LLC now owns 8,287 shares of the closed-end fund’s stock valued at $1,872,000 after purchasing an additional 5,359 shares during the period. Bailard Inc. acquired a new position in Virtus Investment Partners during the 2nd quarter valued at about $700,000. Charles Schwab Investment Management Inc. lifted its position in Virtus Investment Partners by 6.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 255,536 shares of the closed-end fund’s stock valued at $53,522,000 after purchasing an additional 16,586 shares during the period. Finally, Meritage Portfolio Management lifted its position in Virtus Investment Partners by 36.1% during the 3rd quarter. Meritage Portfolio Management now owns 22,321 shares of the closed-end fund’s stock valued at $4,675,000 after purchasing an additional 5,919 shares during the period. Institutional investors own 80.52% of the company’s stock.

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.