Virtus Investment Partners (VRTS) Given a $92.00 Price Target at Morgan Stanley

Morgan Stanley set a $92.00 target price on Virtus Investment Partners (NASDAQ:VRTS) in a research note issued to investors on Friday morning. The brokerage currently has a hold rating on the closed-end fund’s stock.

A number of other research firms have also issued reports on VRTS. Zacks Investment Research raised Virtus Investment Partners from a hold rating to a buy rating and set a $126.00 target price on the stock in a report on Saturday, October 13th. BidaskClub lowered Virtus Investment Partners from a sell rating to a strong sell rating in a report on Saturday, December 1st. Bank of America reissued a neutral rating and set a $100.00 price objective (down previously from $115.00) on shares of Virtus Investment Partners in a report on Thursday, December 6th. Credit Suisse Group set a $150.00 price objective on Virtus Investment Partners and gave the stock a buy rating in a report on Monday, October 29th. Finally, Barclays decreased their price objective on Virtus Investment Partners from $140.00 to $115.00 and set an equal weight rating on the stock in a report on Monday, October 29th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $106.67.

VRTS opened at $92.00 on Friday. The company has a market capitalization of $663.35 million, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 0.53 and a beta of 1.47. Virtus Investment Partners has a 12-month low of $70.00 and a 12-month high of $138.02.



Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, February 1st. The closed-end fund reported $3.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $3.06. The firm had revenue of $138.10 million for the quarter, compared to analyst estimates of $143.54 million. Virtus Investment Partners had a return on equity of 19.85% and a net margin of 13.68%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.60 EPS. Equities research analysts forecast that Virtus Investment Partners will post 10.41 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, January 31st will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, January 30th. Virtus Investment Partners’s dividend payout ratio is 17.94%.

A number of hedge funds have recently made changes to their positions in VRTS. Citadel Advisors LLC boosted its stake in Virtus Investment Partners by 545.7% in the 3rd quarter. Citadel Advisors LLC now owns 134,132 shares of the closed-end fund’s stock valued at $15,257,000 after buying an additional 113,359 shares in the last quarter. BlackRock Inc. boosted its stake in Virtus Investment Partners by 3.9% in the 3rd quarter. BlackRock Inc. now owns 1,055,529 shares of the closed-end fund’s stock valued at $120,066,000 after buying an additional 39,371 shares in the last quarter. WCM Investment Management LLC boosted its stake in Virtus Investment Partners by 63.5% in the 4th quarter. WCM Investment Management LLC now owns 73,656 shares of the closed-end fund’s stock valued at $5,850,000 after buying an additional 28,597 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Virtus Investment Partners in the 3rd quarter valued at $2,258,000. Finally, Virginia Retirement Systems ET AL acquired a new stake in Virtus Investment Partners in the 4th quarter valued at $929,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Virtus Investment Partners (NASDAQ:VRTS)

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