BidaskClub upgraded shares of Virtus Investment Partners (NASDAQ:VRTS) from a hold rating to a buy rating in a research note released on Saturday.

A number of other research analysts have also recently weighed in on VRTS. Jefferies Group reiterated a hold rating and set a $117.00 price objective on shares of Virtus Investment Partners in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of Virtus Investment Partners from a hold rating to a strong-buy rating and set a $133.00 price objective on the stock in a research report on Thursday, September 28th. TheStreet upgraded shares of Virtus Investment Partners from a c+ rating to a b rating in a research report on Thursday, November 30th. Credit Suisse Group boosted their price objective on shares of Virtus Investment Partners from $141.00 to $147.00 and gave the company a neutral rating in a research report on Tuesday, August 8th. Finally, ValuEngine cut shares of Virtus Investment Partners from a buy rating to a hold rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $130.50.

Shares of Virtus Investment Partners (VRTS) opened at $120.70 on Friday. Virtus Investment Partners has a 1 year low of $97.60 and a 1 year high of $128.10. The firm has a market cap of $858.96, a price-to-earnings ratio of 17.59, a P/E/G ratio of 0.64 and a beta of 1.89.

Virtus Investment Partners (NASDAQ:VRTS) last announced its quarterly earnings results on Friday, October 27th. The closed-end fund reported $2.30 earnings per share for the quarter, missing the 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 during the quarter, compared to the consensus estimate of $116.85 million. During the same quarter in the prior year, the firm posted $1.64 EPS. The company’s revenue for the quarter was up 50.3% on a year-over-year basis. equities analysts forecast that Virtus Investment Partners will post 7.52 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Virtus Investment Partners by 8.3% in the second quarter. BlackRock Inc. now owns 825,955 shares of the closed-end fund’s stock worth $91,638,000 after purchasing an additional 63,155 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Virtus Investment Partners by 8.6% in the second quarter. Vanguard Group Inc. now owns 703,488 shares of the closed-end fund’s stock worth $78,051,000 after purchasing an additional 55,871 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Virtus Investment Partners by 5.2% in the third quarter. Dimensional Fund Advisors LP now owns 475,167 shares of the closed-end fund’s stock worth $55,143,000 after purchasing an additional 23,679 shares during the last quarter. Huber Capital Management LLC grew its holdings in shares of Virtus Investment Partners by 10.3% in the second quarter. Huber Capital Management LLC now owns 437,985 shares of the closed-end fund’s stock worth $48,594,000 after purchasing an additional 40,924 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Virtus Investment Partners by 9.5% in the second quarter. Royal Bank of Canada now owns 245,109 shares of the closed-end fund’s stock worth $27,195,000 after purchasing an additional 21,362 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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About Virtus Investment Partners

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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