Piper Sandler Lowers Virtus Investment Partners (NASDAQ:VRTS) Price Target to $258.00

Virtus Investment Partners (NASDAQ:VRTS) had its price target decreased by Piper Sandler from $274.00 to $258.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the closed-end fund’s stock. Piper Sandler’s price target suggests a potential upside of 23.65% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Morgan Stanley increased their price objective on shares of Virtus Investment Partners from $224.00 to $228.00 and gave the company an “underweight” rating in a report on Friday, December 20th. Barclays lowered their price target on Virtus Investment Partners from $239.00 to $221.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Finally, StockNews.com cut shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Virtus Investment Partners presently has an average rating of “Hold” and an average target price of $238.50.

Virtus Investment Partners Stock Down 1.0 %

NASDAQ VRTS opened at $208.65 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. Virtus Investment Partners has a 52 week low of $190.42 and a 52 week high of $263.39. The stock has a market capitalization of $1.46 billion, a P/E ratio of 12.68 and a beta of 1.48. The stock has a fifty day moving average of $228.86 and a 200-day moving average of $220.10.

Institutional Trading of Virtus Investment Partners

Large investors have recently added to or reduced their stakes in the company. Quarry LP boosted its stake in shares of Virtus Investment Partners by 388.5% during the 3rd quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock worth $27,000 after acquiring an additional 101 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Virtus Investment Partners in the second quarter valued at approximately $42,000. nVerses Capital LLC acquired a new stake in Virtus Investment Partners during the 3rd quarter worth approximately $42,000. Blue Trust Inc. boosted its stake in Virtus Investment Partners by 138.3% in the 3rd quarter. Blue Trust Inc. now owns 317 shares of the closed-end fund’s stock valued at $72,000 after purchasing an additional 184 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Virtus Investment Partners by 61.2% during the fourth quarter. KBC Group NV now owns 395 shares of the closed-end fund’s stock worth $87,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

Virtus Investment Partners Company Profile

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.