Virtus Investment Partners Inc. (VRTS) Trading Up 2.2%
Virtus Investment Partners Inc. (NASDAQ:VRTS)’s share price was up 2.2% during trading on Tuesday . The stock traded as high as $91.31 and last traded at $91.22, with a volume of 66,864 shares trading hands. The stock had previously closed at $89.22.
Several equities analysts have commented on VRTS shares. Zacks Investment Research lowered shares of Virtus Investment Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, June 14th. Credit Suisse Group AG upgraded shares of Virtus Investment Partners from a “neutral” rating to an “outperform” rating and increased their price target for the company from $90.00 to $91.00 in a research note on Thursday, July 14th. Finally, Jefferies Group raised their target price on shares of Virtus Investment Partners from $74.00 to $87.00 and gave the stock a “hold” rating in a research report on Monday, August 8th.
The stock has a 50-day moving average price of $86.29 and a 200 day moving average price of $80.75. The firm has a market cap of $703.19 million and a price-to-earnings ratio of 29.68.
Virtus Investment Partners (NASDAQ:VRTS) last released its quarterly earnings data on Friday, July 29th. The closed-end fund reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by $0.08. During the same quarter in the prior year, the company earned $2.21 earnings per share. The firm earned $80.10 million during the quarter, compared to analyst estimates of $78.86 million. Virtus Investment Partners’s quarterly revenue was down 19.6% on a year-over-year basis. Equities research analysts predict that Virtus Investment Partners Inc. will post $5.29 EPS for the current year.
Virtus Investment Partners, Inc 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.
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