Barclays Has Lowered Expectations for Virtus Investment Partners (NASDAQ:VRTS) Stock Price

Virtus Investment Partners (NASDAQ:VRTS) had its target price dropped by stock analysts at Barclays from $239.00 to $221.00 in a report released on Friday,Benzinga reports. The firm presently has an “underweight” rating on the closed-end fund’s stock. Barclays‘s target price suggests a potential upside of 5.70% from the stock’s previous close.

VRTS has been the subject of several other reports. StockNews.com upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Monday, December 16th. Morgan Stanley increased their target price on Virtus Investment Partners from $224.00 to $228.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Finally, Piper Sandler raised their target price on shares of Virtus Investment Partners from $264.00 to $274.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $242.50.

Virtus Investment Partners Trading Down 0.9 %

Shares of VRTS stock traded down $1.91 on Friday, hitting $209.08. The stock had a trading volume of 15,516 shares, compared to its average volume of 31,857. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. Virtus Investment Partners has a twelve month low of $190.42 and a twelve month high of $263.39. The company has a fifty day moving average price of $231.37 and a two-hundred day moving average price of $220.56. The firm has a market cap of $1.47 billion, a P/E ratio of 12.71 and a beta of 1.48.

Institutional Trading of Virtus Investment Partners

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in Virtus Investment Partners by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 328,067 shares of the closed-end fund’s stock worth $74,092,000 after buying an additional 8,393 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Virtus Investment Partners by 7.2% in the second quarter. Hsbc Holdings PLC now owns 1,852 shares of the closed-end fund’s stock valued at $412,000 after acquiring an additional 124 shares during the last quarter. XTX Topco Ltd raised its holdings in Virtus Investment Partners by 124.4% during the second quarter. XTX Topco Ltd now owns 2,753 shares of the closed-end fund’s stock worth $622,000 after acquiring an additional 1,526 shares in the last quarter. Intech Investment Management LLC acquired a new position in Virtus Investment Partners during the second quarter valued at approximately $201,000. Finally, Sei Investments Co. grew its stake in Virtus Investment Partners by 7.7% in the second quarter. Sei Investments Co. now owns 2,424 shares of the closed-end fund’s stock valued at $548,000 after purchasing an additional 174 shares in the last quarter. Institutional investors 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.