Virtus Investment Partners (NASDAQ:VRTS) had its price target cut by Morgan Stanley from $121.00 to $118.00 in a research note published on Tuesday, BenzingaRatingsTable reports. They currently have an equal weight rating on the closed-end fund’s stock.

Several other equities research analysts have also recently issued reports on VRTS. TheStreet raised shares of ZTO Express (Cayman) from a c+ rating to a b rating in a research report on Thursday, May 16th. Bank of America set a $20.00 price objective on shares of Fiat Chrysler Automobiles and gave the company a hold rating in a research report on Thursday, June 6th. BidaskClub raised shares of Zai Lab from a buy rating to a strong-buy rating in a research report on Friday, June 28th. ValuEngine raised shares of YPF from a sell rating to a hold rating in a research report on Monday, June 24th. Finally, Zacks Investment Research raised shares of GRIFOLS S A/S from a sell rating to a hold rating in a research report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $111.00.

Virtus Investment Partners stock opened at $111.15 on Tuesday. The stock has a market cap of $758.96 million, a PE ratio of 9.07, a price-to-earnings-growth ratio of 2.07 and a beta of 1.63. Virtus Investment Partners has a 1 year low of $70.00 and a 1 year high of $134.25. The firm has a 50-day moving average of $106.04.

Virtus Investment Partners (NASDAQ:VRTS) last released its quarterly earnings data on Friday, April 26th. The closed-end fund reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.42. The company had revenue of $130.70 million during the quarter, compared to analysts’ expectations of $131.64 million. Virtus Investment Partners had a net margin of 13.35% and a return on equity of 20.19%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.59 EPS. As a group, analysts anticipate that Virtus Investment Partners will post 13.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be issued a $0.55 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $2.20 annualized dividend and a dividend yield of 1.98%. Virtus Investment Partners’s dividend payout ratio is currently 17.94%.

Several large investors have recently bought and sold shares of the company. Texas Permanent School Fund raised its holdings in shares of Virtus Investment Partners by 1.8% in the 1st quarter. Texas Permanent School Fund now owns 4,760 shares of the closed-end fund’s stock valued at $464,000 after purchasing an additional 83 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Virtus Investment Partners by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 5,154 shares of the closed-end fund’s stock valued at $409,000 after purchasing an additional 113 shares in the last quarter. Neuburgh Advisers LLC raised its holdings in shares of Virtus Investment Partners by 14.8% in the 4th quarter. Neuburgh Advisers LLC now owns 992 shares of the closed-end fund’s stock valued at $79,000 after purchasing an additional 128 shares in the last quarter. BW Gestao de Investimentos Ltda. raised its holdings in shares of Virtus Investment Partners by 1.4% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 9,756 shares of the closed-end fund’s stock valued at $775,000 after purchasing an additional 138 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Virtus Investment Partners by 67.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 370 shares of the closed-end fund’s stock valued at $29,000 after purchasing an additional 149 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

About Virtus Investment Partners

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.

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Analyst Recommendations for Virtus Investment Partners (NASDAQ:VRTS)

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