Virtus Investment Partners (NASDAQ:VRTS) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b” rating in a note issued to investors on Thursday.

A number of other research firms have also commented on VRTS. Morgan Stanley set a $121.00 price objective on shares of Virtus Investment Partners and gave the stock a “hold” rating in a research note on Monday, October 23rd. Jefferies Group reiterated a “hold” rating and issued a $127.00 target price (up previously from $117.00) on shares of Virtus Investment Partners in a research report on Tuesday, October 10th. Barclays increased their target price on shares of Virtus Investment Partners from $113.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Virtus Investment Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Bank of America upgraded shares of Virtus Investment Partners from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $112.00 to $130.00 in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $130.50.

Shares of Virtus Investment Partners (NASDAQ:VRTS) opened at $120.00 on Thursday. The firm has a market cap of $859.32, a P/E ratio of 17.60, a P/E/G ratio of 0.64 and a beta of 1.89. Virtus Investment Partners has a 1-year low of $97.60 and a 1-year high of $128.10.

Virtus Investment Partners (NASDAQ:VRTS) last issued its earnings results on Friday, October 27th. The closed-end fund reported $2.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.38 by ($0.08). Virtus Investment Partners had a return on equity of 12.75% and a net margin of 11.64%. The business had revenue of $123.70 million for the quarter, compared to the consensus estimate of $116.85 million. During the same quarter in the previous year, the business posted $1.64 earnings per share. The company’s quarterly revenue was up 50.3% on a year-over-year basis. sell-side analysts forecast that Virtus Investment Partners will post 7.52 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in VRTS. State of Alaska Department of Revenue raised its holdings in Virtus Investment Partners by 83.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,305 shares of the closed-end fund’s stock worth $144,000 after acquiring an additional 595 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in Virtus Investment Partners by 6.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 1,570 shares of the closed-end fund’s stock worth $174,000 after acquiring an additional 100 shares during the period. Crossmark Global Holdings Inc. bought a new position in Virtus Investment Partners in the 3rd quarter worth $204,000. Aperio Group LLC bought a new position in Virtus Investment Partners in the 2nd quarter worth $205,000. Finally, Cubist Systematic Strategies LLC raised its holdings in Virtus Investment Partners by 1,798.9% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 1,804 shares of the closed-end fund’s stock worth $209,000 after acquiring an additional 1,709 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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Virtus Investment Partners Company Profile

Virtus Investment Partners, Inc (Virtus) is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts.

Analyst Recommendations for Virtus Investment Partners (NASDAQ:VRTS)

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