Virtus Investment Partners (NASDAQ:VRTS) received a $113.00 price objective from investment analysts at Credit Suisse Group in a research note issued to investors on Monday, The Fly reports. The firm currently has an “outperform” rating on the closed-end fund’s stock. Credit Suisse Group’s target price points to a potential upside of 36.79% from the company’s current price.

Several other equities research analysts also recently weighed in on VRTS. Zacks Investment Research downgraded shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. BidaskClub raised shares of Virtus Investment Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 13th. Morgan Stanley decreased their target price on shares of Virtus Investment Partners from $147.00 to $111.00 and set a “hold” rating for the company in a research report on Wednesday, November 14th. Sandler O’Neill assumed coverage on shares of Virtus Investment Partners in a research report on Thursday, December 20th. They set a “buy” rating and a $94.00 target price for the company. Finally, Bank of America reissued a “neutral” rating and set a $100.00 target price (down from $115.00) on shares of Virtus Investment Partners in a research report on Thursday, December 6th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Virtus Investment Partners currently has an average rating of “Hold” and an average price target of $109.83.

VRTS stock traded up $3.38 during midday trading on Monday, hitting $82.61. The stock had a trading volume of 6,535 shares, compared to its average volume of 70,124. The firm has a market cap of $574.09 million, a price-to-earnings ratio of 10.61, a PEG ratio of 0.36 and a beta of 1.43. Virtus Investment Partners has a 1-year low of $70.00 and a 1-year high of $138.02.

Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, October 26th. The closed-end fund reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.30. Virtus Investment Partners had a net margin of 14.55% and a return on equity of 19.05%. The business had revenue of $152.20 million for the quarter, compared to analyst estimates of $149.06 million. During the same quarter in the previous year, the business earned $2.30 earnings per share. Virtus Investment Partners’s revenue for the quarter was up 23.0% on a year-over-year basis. Equities analysts anticipate that Virtus Investment Partners will post 12.24 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Citadel Advisors LLC grew its position in Virtus Investment Partners by 545.7% in the 3rd quarter. Citadel Advisors LLC now owns 134,132 shares of the closed-end fund’s stock worth $15,257,000 after purchasing an additional 113,359 shares in the last quarter. BlackRock Inc. grew its position in Virtus Investment Partners by 9.3% in the 2nd quarter. BlackRock Inc. now owns 1,016,158 shares of the closed-end fund’s stock worth $130,017,000 after purchasing an additional 86,152 shares in the last quarter. Millennium Management LLC grew its position in Virtus Investment Partners by 183.9% in the 2nd quarter. Millennium Management LLC now owns 93,920 shares of the closed-end fund’s stock worth $12,017,000 after purchasing an additional 60,838 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Virtus Investment Partners in the 3rd quarter worth about $2,258,000. Finally, Dimensional Fund Advisors LP grew its position in Virtus Investment Partners by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 532,880 shares of the closed-end fund’s stock worth $60,615,000 after purchasing an additional 9,703 shares in the last quarter. 93.07% of the stock is owned by institutional investors.

About Virtus Investment Partners

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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Analyst Recommendations for Virtus Investment Partners (NASDAQ:VRTS)

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