Virtus Investment Partners (NASDAQ:VRTS) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Other research analysts also recently issued reports about the stock. TheStreet upgraded shares of Virtus Investment Partners from a “c+” rating to a “b” rating in a research report on Thursday, November 30th. Barclays upped their target price on shares of Virtus Investment Partners from $113.00 to $116.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 10th. Morgan Stanley set a $123.00 price target on Virtus Investment Partners and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Zacks Investment Research cut Virtus Investment Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $127.00 price target (up from $117.00) on shares of Virtus Investment Partners in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $130.50.

Virtus Investment Partners (NASDAQ:VRTS) opened at $116.70 on Tuesday. Virtus Investment Partners has a 52-week low of $97.60 and a 52-week high of $127.55. The stock has a market cap of $836.06, a PE ratio of 17.26, a price-to-earnings-growth ratio of 0.63 and a beta of 1.89.

Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, October 27th. The closed-end fund reported $2.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.08). Virtus Investment Partners had a net margin of 11.64% and a return on equity of 12.75%. The business had revenue of $123.70 million for the quarter, compared to analyst estimates of $116.85 million. During the same quarter in the previous year, the company posted $1.64 earnings per share. The business’s revenue for the quarter was up 50.3% on a year-over-year basis. equities research analysts forecast that Virtus Investment Partners will post 7.52 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Virtus Investment Partners by 8.3% in the 2nd quarter. BlackRock Inc. now owns 825,955 shares of the closed-end fund’s stock valued at $91,638,000 after acquiring an additional 63,155 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Virtus Investment Partners by 8.6% in the 2nd quarter. Vanguard Group Inc. now owns 703,488 shares of the closed-end fund’s stock valued at $78,051,000 after acquiring an additional 55,871 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Virtus Investment Partners by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 475,167 shares of the closed-end fund’s stock valued at $55,143,000 after acquiring an additional 23,679 shares during the last quarter. Huber Capital Management LLC increased its stake in shares of Virtus Investment Partners by 10.3% in the 2nd quarter. Huber Capital Management LLC now owns 437,985 shares of the closed-end fund’s stock valued at $48,594,000 after acquiring an additional 40,924 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Virtus Investment Partners by 9.5% in the 2nd quarter. Royal Bank of Canada now owns 245,109 shares of the closed-end fund’s stock valued at $27,195,000 after acquiring an additional 21,362 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

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About Virtus Investment Partners

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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