Virtus Investment Partners (NASDAQ:VRTS) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Virtus Investment Partners (NASDAQ:VRTS) had its target price upped by investment analysts at Morgan Stanley from $112.00 to $119.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “underweight” rating on the closed-end fund’s stock. Morgan Stanley’s target price points to a potential downside of 15.18% from the company’s current price.

Other analysts also recently issued research reports about the company. TD Cowen lowered their target price on Virtus Investment Partners from $132.00 to $131.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. Piper Sandler reduced their price target on Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. Finally, Barclays decreased their price target on Virtus Investment Partners from $128.00 to $125.00 and set an “underweight” rating for the company in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $136.25.

Virtus Investment Partners Trading Up 1.2%

NASDAQ VRTS opened at $140.29 on Friday. Virtus Investment Partners has a 52 week low of $121.61 and a 52 week high of $215.06. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. The stock’s 50 day moving average price is $142.43 and its two-hundred day moving average price is $147.13. The stock has a market capitalization of $937.42 million, a price-to-earnings ratio of 8.31 and a beta of 1.38.

Institutional Investors Weigh In On Virtus Investment Partners

A number of institutional investors have recently made changes to their positions in VRTS. International Assets Investment Management LLC acquired a new position in shares of Virtus Investment Partners in the first quarter valued at approximately $26,000. Assetmark Inc. acquired a new stake in Virtus Investment Partners during the 1st quarter worth approximately $36,000. Aster Capital Management DIFC Ltd lifted its holdings in Virtus Investment Partners by 269.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 307 shares of the closed-end fund’s stock worth $50,000 after purchasing an additional 224 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Virtus Investment Partners by 90.4% in the 2nd quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock valued at $57,000 after purchasing an additional 150 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Virtus Investment Partners by 24.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 499 shares of the closed-end fund’s stock valued at $81,000 after purchasing an additional 97 shares during the period. Institutional investors own 80.52% of the company’s stock.

About Virtus Investment Partners

Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.