Virtus Investment Partners (NASDAQ:VRTS) Given New $216.00 Price Target at Piper Sandler

Virtus Investment Partners (NASDAQ:VRTS) had its price target dropped by equities research analysts at Piper Sandler from $252.00 to $216.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the closed-end fund’s stock. Piper Sandler’s price objective points to a potential upside of 36.14% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Morgan Stanley cut their price objective on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. StockNews.com upgraded shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. Finally, Barclays decreased their price objective on shares of Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating for the company in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $193.00.

Virtus Investment Partners Stock Performance

Shares of VRTS stock opened at $158.67 on Tuesday. Virtus Investment Partners has a fifty-two week low of $144.13 and a fifty-two week high of $252.82. The stock’s 50-day moving average is $177.15 and its two-hundred day moving average is $206.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. The firm has a market cap of $1.10 billion, a P/E ratio of 9.39 and a beta of 1.36.

Institutional Trading of Virtus Investment Partners

Several large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in Virtus Investment Partners by 8.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 276,880 shares of the closed-end fund’s stock worth $61,074,000 after acquiring an additional 21,344 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Virtus Investment Partners by 8.7% during the 4th quarter. JPMorgan Chase & Co. now owns 158,028 shares of the closed-end fund’s stock worth $34,858,000 after purchasing an additional 12,642 shares during the last quarter. Geode Capital Management LLC boosted its stake in Virtus Investment Partners by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 151,328 shares of the closed-end fund’s stock valued at $31,702,000 after purchasing an additional 821 shares during the period. Northern Trust Corp grew its holdings in Virtus Investment Partners by 10.2% in the 4th quarter. Northern Trust Corp now owns 106,104 shares of the closed-end fund’s stock valued at $23,404,000 after buying an additional 9,793 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Virtus Investment Partners by 33.6% in the 4th quarter. American Century Companies Inc. now owns 81,738 shares of the closed-end fund’s stock worth $18,030,000 after buying an additional 20,544 shares during the period. 80.52% of the stock is owned by institutional investors.

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.