Virtus Investment Partners (NASDAQ:VRTS) Stock Price Expected to Rise, Piper Sandler Analyst Says

Virtus Investment Partners (NASDAQ:VRTS) had its target price increased by Piper Sandler from $264.00 to $274.00 in a research note published on Wednesday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the closed-end fund’s stock.

Several other equities analysts have also recently issued reports on the stock. Barclays started coverage on shares of Virtus Investment Partners in a research report on Tuesday, August 27th. They set an “underweight” rating and a $206.00 price target on the stock. StockNews.com downgraded shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Morgan Stanley lifted their price target on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the company an “underweight” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $236.00.

Virtus Investment Partners Trading Down 0.3 %

Shares of VRTS stock opened at $246.92 on Wednesday. The business has a 50-day moving average of $220.60 and a 200 day moving average of $219.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. Virtus Investment Partners has a 1-year low of $190.42 and a 1-year high of $263.39. The stock has a market capitalization of $1.73 billion, a PE ratio of 15.01 and a beta of 1.45.

Hedge Funds Weigh In On Virtus Investment Partners

Hedge funds have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its holdings in Virtus Investment Partners by 5.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 6,072 shares of the closed-end fund’s stock worth $1,504,000 after buying an additional 292 shares during the last quarter. Tidal Investments LLC increased its position in shares of Virtus Investment Partners by 9.4% during the first quarter. Tidal Investments LLC now owns 1,048 shares of the closed-end fund’s stock valued at $260,000 after acquiring an additional 90 shares in the last quarter. Cetera Advisors LLC purchased a new position in Virtus Investment Partners in the 1st quarter worth approximately $657,000. CWM LLC lifted its position in Virtus Investment Partners by 334.1% in the 2nd quarter. CWM LLC now owns 382 shares of the closed-end fund’s stock valued at $86,000 after acquiring an additional 294 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Virtus Investment Partners during the 2nd quarter valued at $2,553,000. Institutional investors own 80.52% 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.