Virtus Investment Partners Inc (NASDAQ:VRTS) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $132.13.

Several research firms have weighed in on VRTS. Zacks Investment Research upgraded shares of Virtus Investment Partners from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Saturday. Sandler O’Neill set a $132.00 price objective on shares of Virtus Investment Partners and gave the stock a “hold” rating in a report on Thursday. BidaskClub upgraded shares of Virtus Investment Partners from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Goldman Sachs Group upgraded shares of Virtus Investment Partners from a “sell” rating to a “neutral” rating and set a $130.00 price objective on the stock in a report on Tuesday, January 9th. Finally, Morgan Stanley set a $121.00 price objective on shares of Virtus Investment Partners and gave the stock a “hold” rating in a report on Monday, October 23rd.

Virtus Investment Partners (NASDAQ:VRTS) opened at $131.40 on Monday. The stock has a market cap of $940.56, a price-to-earnings ratio of 24.51, a P/E/G ratio of 0.33 and a beta of 1.90. Virtus Investment Partners has a 12 month low of $97.60 and a 12 month high of $132.85.

Virtus Investment Partners (NASDAQ:VRTS) last issued its earnings results on Friday, October 27th. The closed-end fund reported $2.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.38 by ($0.08). Virtus Investment Partners had a return on equity of 12.75% and a net margin of 11.64%. The company had revenue of $123.70 million for the quarter, compared to the consensus estimate of $116.85 million. During the same period in the prior year, the company earned $1.64 earnings per share. The firm’s revenue was up 50.3% compared to the same quarter last year. equities analysts anticipate that Virtus Investment Partners will post 7.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.80 annualized dividend and a yield of 1.37%. Virtus Investment Partners’s payout ratio is 33.58%.

Several hedge funds have recently made changes to their positions in VRTS. Crossmark Global Holdings Inc. purchased a new stake in shares of Virtus Investment Partners in the third quarter valued at about $204,000. Cubist Systematic Strategies LLC raised its holdings in shares of Virtus Investment Partners by 1,798.9% in the third quarter. Cubist Systematic Strategies LLC now owns 1,804 shares of the closed-end fund’s stock valued at $209,000 after purchasing an additional 1,709 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Virtus Investment Partners by 52.1% in the second quarter. BNP Paribas Arbitrage SA now owns 2,475 shares of the closed-end fund’s stock valued at $275,000 after purchasing an additional 848 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Virtus Investment Partners by 73.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,720 shares of the closed-end fund’s stock valued at $316,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Virtus Investment Partners by 17.5% in the second quarter. Voya Investment Management LLC now owns 2,871 shares of the closed-end fund’s stock valued at $319,000 after purchasing an additional 427 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

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Virtus Investment Partners Company Profile

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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