Piper Sandler Lowers Virtus Investment Partners (NASDAQ:VRTS) Price Target to $258.00

Virtus Investment Partners (NASDAQ:VRTS) had its price objective cut by investment analysts at Piper Sandler from $274.00 to $258.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the closed-end fund’s stock. Piper Sandler’s target price indicates a potential upside of 22.20% from the company’s current price.

Other equities analysts also recently issued reports about the company. Barclays cut their target price on Virtus Investment Partners from $239.00 to $221.00 and set an “underweight” rating on the stock in a research report on Friday. StockNews.com lowered Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Friday. Finally, Morgan Stanley lifted their target price on Virtus Investment Partners from $224.00 to $228.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $238.50.

Virtus Investment Partners Stock Up 0.5 %

Shares of VRTS traded up $1.06 during midday trading on Tuesday, hitting $211.14. 9,207 shares of the company’s stock traded hands, compared to its average volume of 31,497. The firm’s fifty day moving average is $230.10 and its 200-day moving average is $220.26. 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 1 year low of $190.42 and a 1 year high of $263.39. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 12.79 and a beta of 1.48.

Institutional Investors Weigh In On Virtus Investment Partners

Several hedge funds have recently bought and sold shares of the stock. Quarry LP boosted its holdings in Virtus Investment Partners by 388.5% during the third quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock worth $27,000 after buying an additional 101 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Virtus Investment Partners in the 2nd quarter valued at $42,000. nVerses Capital LLC purchased a new position in shares of Virtus Investment Partners in the third quarter worth about $42,000. Blue Trust Inc. lifted its stake in Virtus Investment Partners by 138.3% in the 3rd quarter. Blue Trust Inc. now owns 317 shares of the closed-end fund’s stock worth $72,000 after purchasing an additional 184 shares in the last quarter. Finally, Point72 DIFC Ltd lifted its position in Virtus Investment Partners by 57.2% during the third quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund’s stock worth $128,000 after buying an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 80.52% of the company’s stock.

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.