Virtus Investment Partners (NASDAQ:VRTS) has been given a $131.00 price target by stock analysts at Sandler O’Neill in a research note issued on Monday. The brokerage presently has a “hold” rating on the closed-end fund’s stock. Sandler O’Neill’s target price would indicate a potential upside of 6.03% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. BidaskClub cut Virtus Investment Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Goldman Sachs Group raised Virtus Investment Partners from a “sell” rating to a “neutral” rating and set a $130.00 target price for the company in a research note on Tuesday, January 9th. Morgan Stanley set a $121.00 target price on Virtus Investment Partners and gave the stock a “hold” rating in a research note on Monday, October 23rd. Zacks Investment Research raised Virtus Investment Partners from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Saturday, January 13th. Finally, Barclays raised their target price on Virtus Investment Partners from $116.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, October 30th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $139.00.

Shares of Virtus Investment Partners (NASDAQ VRTS) opened at $123.55 on Monday. Virtus Investment Partners has a one year low of $97.60 and a one year high of $134.65. The company has a market capitalization of $883.66, a P/E ratio of 33.39, a P/E/G ratio of 0.27 and a beta of 1.79.

Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, February 2nd. The closed-end fund reported $2.60 EPS for the quarter, topping the consensus estimate of $2.42 by $0.18. Virtus Investment Partners had a return on equity of 13.93% and a net margin of 8.70%. The business had revenue of $128.00 million during the quarter, compared to analysts’ expectations of $127.09 million. During the same quarter last year, the firm posted $1.75 earnings per share. The firm’s revenue was up 60.2% on a year-over-year basis. equities research analysts predict that Virtus Investment Partners will post 12.22 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in VRTS. Schwab Charles Investment Management Inc. grew its stake in Virtus Investment Partners by 9.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 32,624 shares of the closed-end fund’s stock valued at $3,620,000 after acquiring an additional 2,699 shares during the period. Wells Fargo & Company MN grew its stake in Virtus Investment Partners by 0.5% in the second quarter. Wells Fargo & Company MN now owns 4,397 shares of the closed-end fund’s stock valued at $488,000 after acquiring an additional 21 shares during the period. Alliancebernstein L.P. grew its stake in Virtus Investment Partners by 21.2% in the second quarter. Alliancebernstein L.P. now owns 9,723 shares of the closed-end fund’s stock valued at $1,079,000 after acquiring an additional 1,700 shares during the period. Teachers Advisors LLC grew its stake in Virtus Investment Partners by 21.6% in the second quarter. Teachers Advisors LLC now owns 11,940 shares of the closed-end fund’s stock valued at $1,325,000 after acquiring an additional 2,121 shares during the period. Finally, TIAA CREF Investment Management LLC grew its stake in Virtus Investment Partners by 28.6% in the second quarter. TIAA CREF Investment Management LLC now owns 17,891 shares of the closed-end fund’s stock valued at $1,985,000 after acquiring an additional 3,979 shares during the period. 96.03% of the stock is owned by hedge funds and other institutional investors.

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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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