Recent Investment Analysts’ Ratings Updates for Virtus Investment Partners (VRTS)

Virtus Investment Partners (NASDAQ: VRTS) has recently received a number of price target changes and ratings updates:

  • 5/2/2019 – Virtus Investment Partners was given a new $121.00 price target on by analysts at Morgan Stanley. They now have a “hold” rating on the stock.
  • 4/26/2019 – Virtus Investment Partners was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 4/26/2019 – Virtus Investment Partners was given a new $112.00 price target on by analysts at Morgan Stanley. They now have a “hold” rating on the stock.
  • 4/26/2019 – Virtus Investment Partners was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 4/16/2019 – Virtus Investment Partners was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 4/12/2019 – Virtus Investment Partners was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. They now have a $128.00 price target on the stock. According to Zacks, “Virtus Investment Partners, Inc., headquartered in Hartford, Connecticut, provides investment management products and services to individuals and institutions in the United States. . It operates a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand. Investors have an array of needs and Virtus Investment Partners offers a variety of investment styles and multiple disciplines to meet those needs. The Company provides its products in a number of forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds and separately managed accounts. The Company manages institutional accounts for corporations, multi-employer retirement funds and foundations, endowments, special purpose funds and other types of institutions. “
  • 4/12/2019 – Virtus Investment Partners had its price target raised by analysts at Bank of America Corp from $119.00 to $125.00. They now have a “neutral” rating on the stock.
  • 4/9/2019 – Virtus Investment Partners was given a new $119.00 price target on by analysts at Bank of America Corp. They now have a “hold” rating on the stock.
  • 4/9/2019 – Virtus Investment Partners was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

NASDAQ:VRTS traded up $0.01 during mid-day trading on Thursday, reaching $117.79. The stock had a trading volume of 5,481 shares, compared to its average volume of 78,012. The company has a market capitalization of $822.93 million, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 3.17 and a beta of 1.63. Virtus Investment Partners Inc has a 1-year low of $70.00 and a 1-year high of $138.02.

Virtus Investment Partners (NASDAQ:VRTS) last posted its quarterly earnings results on Friday, April 26th. The closed-end fund reported $2.73 EPS for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.42. Virtus Investment Partners had a return on equity of 20.19% and a net margin of 13.35%. The business had revenue of $130.70 million during the quarter, compared to the consensus estimate of $131.64 million. During the same period last year, the firm earned $2.59 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts expect that Virtus Investment Partners Inc will post 13.13 earnings per share for the current fiscal year.



The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Monday, April 29th. Virtus Investment Partners’s dividend payout ratio is currently 17.94%.

A number of large investors have recently modified their holdings of VRTS. Teachers Advisors LLC raised its position in shares of Virtus Investment Partners by 4.8% during the third quarter. Teachers Advisors LLC now owns 13,457 shares of the closed-end fund’s stock valued at $1,531,000 after buying an additional 622 shares during the last quarter. Vanguard Group Inc grew its stake in Virtus Investment Partners by 1.1% during the third quarter. Vanguard Group Inc now owns 683,345 shares of the closed-end fund’s stock worth $77,731,000 after buying an additional 7,394 shares during the last quarter. Vanguard Group Inc. grew its stake in Virtus Investment Partners by 1.1% during the third quarter. Vanguard Group Inc. now owns 683,345 shares of the closed-end fund’s stock worth $77,731,000 after buying an additional 7,394 shares during the last quarter. WCM Investment Management LLC grew its stake in Virtus Investment Partners by 63.5% during the fourth quarter. WCM Investment Management LLC now owns 73,656 shares of the closed-end fund’s stock worth $5,850,000 after buying an additional 28,597 shares during the last quarter. Finally, Neuburgh Advisers LLC grew its stake in Virtus Investment Partners by 14.8% during the fourth quarter. Neuburgh Advisers LLC now owns 992 shares of the closed-end fund’s stock worth $79,000 after buying an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

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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