Virtus Investment Partners (NASDAQ:VRTS) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

VRTS has been the topic of several other reports. Zacks Investment Research raised shares of Virtus Investment Partners from a “hold” rating to a “strong-buy” rating and set a $133.00 price target on the stock in a report on Thursday, September 28th. Bank of America raised shares of Virtus Investment Partners from an “underperform” rating to a “neutral” rating and upped their price target for the company from $112.00 to $130.00 in a report on Monday, October 9th. Barclays upped their price target on shares of Virtus Investment Partners from $116.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, October 30th. Morgan Stanley set a $123.00 price target on shares of Virtus Investment Partners and gave the company an “equal weight” rating in a report on Thursday, October 5th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $127.00 price target (up from $117.00) on shares of Virtus Investment Partners in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Virtus Investment Partners has a consensus rating of “Hold” and an average target price of $130.50.

Virtus Investment Partners (NASDAQ:VRTS) opened at $125.05 on Tuesday. Virtus Investment Partners has a 12-month low of $97.60 and a 12-month high of $126.60. The stock has a market capitalization of $878.29, a price-to-earnings ratio of 23.33, a P/E/G ratio of 0.47 and a beta of 1.90.

Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, October 27th. The closed-end fund reported $2.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($0.08). Virtus Investment Partners had a net margin of 11.64% and a return on equity of 12.75%. The firm had revenue of $123.70 million during the quarter, compared to analyst estimates of $116.85 million. During the same period in the previous year, the company earned $1.64 earnings per share. Virtus Investment Partners’s revenue was up 50.3% on a year-over-year basis. research analysts anticipate that Virtus Investment Partners will post 7.53 EPS for the current year.

Several hedge funds have recently bought and sold shares of VRTS. Crossmark Global Holdings Inc. purchased a new stake in shares of Virtus Investment Partners during the 3rd quarter worth about $204,000. Cubist Systematic Strategies LLC boosted its stake in shares of Virtus Investment Partners by 1,798.9% during 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 in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Virtus Investment Partners by 52.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,475 shares of the closed-end fund’s stock worth $275,000 after acquiring an additional 848 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Virtus Investment Partners by 73.2% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 2,720 shares of the closed-end fund’s stock worth $316,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Virtus Investment Partners by 17.5% during the 2nd quarter. Voya Investment Management LLC now owns 2,871 shares of the closed-end fund’s stock worth $319,000 after purchasing an additional 427 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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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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