Virtus Investment Partners (NASDAQ:VRTS) was upgraded by TheStreet from a “c+” rating to a “b” rating in a research report issued to clients and investors on Thursday.

Other analysts have also recently issued reports about the stock. Barclays upped their price objective on shares of Virtus Investment Partners from $116.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, October 30th. Morgan Stanley set a $123.00 price objective on shares of Virtus Investment Partners and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. ValuEngine cut shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group reaffirmed a “hold” rating and set a $117.00 price objective on shares of Virtus Investment Partners in a research note on Friday, August 18th. Finally, Zacks Investment Research cut shares of Virtus Investment Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $130.50.

Virtus Investment Partners (VRTS) traded down $0.05 during trading hours on Thursday, reaching $120.00. 45,991 shares of the company traded hands, compared to its average volume of 45,715. Virtus Investment Partners has a 52-week low of $97.60 and a 52-week high of $128.10. The firm has a market capitalization of $859.32, a price-to-earnings ratio of 17.60, a PEG ratio of 0.64 and a beta of 1.89.

Virtus Investment Partners (NASDAQ:VRTS) last issued its quarterly earnings data on Friday, October 27th. The closed-end fund reported $2.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.38 by ($0.08). The firm had revenue of $123.70 million for the quarter, compared to the consensus estimate of $116.85 million. Virtus Investment Partners had a return on equity of 12.75% and a net margin of 11.64%. Virtus Investment Partners’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.64 earnings per share. research analysts forecast that Virtus Investment Partners will post 7.52 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Virtus Investment Partners by 8.3% during the second quarter. BlackRock Inc. now owns 825,955 shares of the closed-end fund’s stock valued at $91,638,000 after purchasing an additional 63,155 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Virtus Investment Partners by 8.6% during the second quarter. Vanguard Group Inc. now owns 703,488 shares of the closed-end fund’s stock valued at $78,051,000 after purchasing an additional 55,871 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Virtus Investment Partners by 5.2% during the third quarter. Dimensional Fund Advisors LP now owns 475,167 shares of the closed-end fund’s stock valued at $55,143,000 after purchasing an additional 23,679 shares during the last quarter. Huber Capital Management LLC grew its stake in shares of Virtus Investment Partners by 10.3% during the second quarter. Huber Capital Management LLC now owns 437,985 shares of the closed-end fund’s stock valued at $48,594,000 after purchasing an additional 40,924 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Virtus Investment Partners by 9.5% during the second quarter. Royal Bank of Canada now owns 245,109 shares of the closed-end fund’s stock valued at $27,195,000 after purchasing an additional 21,362 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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Virtus Investment Partners Company Profile

Virtus Investment Partners, Inc (Virtus) is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts.

Analyst Recommendations for Virtus Investment Partners (NASDAQ:VRTS)

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