Virtus Investment Partners (NASDAQ:VRTS) Price Target Lowered to $149.00 at Barclays

Virtus Investment Partners (NASDAQ:VRTS) had its price target cut by equities research analysts at Barclays from $200.00 to $149.00 in a report released on Wednesday, Marketbeat Ratings reports. The firm currently has an “underweight” rating on the closed-end fund’s stock. Barclays‘s target price points to a potential downside of 0.02% from the stock’s previous close.

Several other brokerages also recently issued reports on VRTS. TD Cowen lowered their price target on Virtus Investment Partners from $220.00 to $158.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. StockNews.com raised Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. Morgan Stanley reduced their price objective on Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Finally, Piper Sandler dropped their target price on shares of Virtus Investment Partners from $252.00 to $216.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Virtus Investment Partners presently has an average rating of “Hold” and an average target price of $179.00.

Virtus Investment Partners Price Performance

NASDAQ VRTS opened at $149.03 on Wednesday. Virtus Investment Partners has a 1 year low of $144.13 and a 1 year high of $252.82. The company has a fifty day simple moving average of $172.89 and a 200 day simple moving average of $205.01. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.03 billion, a P/E ratio of 8.82 and a beta of 1.36.

Institutional Trading of Virtus Investment Partners

A number of institutional investors and hedge funds have recently modified their holdings of the company. Handelsbanken Fonder AB lifted its position in Virtus Investment Partners by 8.3% in the fourth quarter. Handelsbanken Fonder AB now owns 1,300 shares of the closed-end fund’s stock worth $287,000 after purchasing an additional 100 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Virtus Investment Partners by 170.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund’s stock valued at $44,000 after buying an additional 126 shares in the last quarter. Man Group plc lifted its holdings in shares of Virtus Investment Partners by 0.5% during the 4th quarter. Man Group plc now owns 29,390 shares of the closed-end fund’s stock worth $6,483,000 after acquiring an additional 146 shares during the period. KBC Group NV boosted its position in shares of Virtus Investment Partners by 61.2% during the 4th quarter. KBC Group NV now owns 395 shares of the closed-end fund’s stock valued at $87,000 after acquiring an additional 150 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Virtus Investment Partners by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,849 shares of the closed-end fund’s stock valued at $849,000 after acquiring an additional 152 shares during the period. 80.52% of the stock is currently owned by institutional investors.

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.