Virtus Investment Partners (NASDAQ:VRTS) has been assigned a $136.00 target price by stock analysts at Sandler O’Neill in a note issued to investors on Monday. The brokerage currently has a “hold” rating on the closed-end fund’s stock. Sandler O’Neill’s price objective indicates a potential upside of 12.77% from the company’s previous close.

VRTS has been the topic of a number of other reports. Goldman Sachs Group upgraded Virtus Investment Partners from a “sell” rating to a “neutral” rating and set a $130.00 price target on the stock in a report on Tuesday, January 9th. Zacks Investment Research downgraded Virtus Investment Partners from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 12th. BidaskClub upgraded Virtus Investment Partners from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. TheStreet upgraded Virtus Investment Partners from a “c+” rating to a “b” rating in a report on Thursday, November 30th. Finally, Barclays lifted their price target on Virtus Investment Partners from $116.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, October 30th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $139.63.

Virtus Investment Partners (VRTS) traded up $0.40 on Monday, reaching $120.60. The company’s stock had a trading volume of 141,651 shares, compared to its average volume of 67,713. The stock has a market cap of $905.85, a P/E ratio of 30.53, a P/E/G ratio of 0.29 and a beta of 1.79. Virtus Investment Partners has a one year low of $97.60 and a one year high of $134.65.

Virtus Investment Partners (NASDAQ:VRTS) last released its quarterly earnings data on Friday, February 2nd. The closed-end fund reported $2.60 EPS for the quarter, topping the consensus estimate of $2.42 by $0.18. The company had revenue of $128.00 million for the quarter, compared to the consensus estimate of $127.09 million. Virtus Investment Partners had a return on equity of 13.93% and a net margin of 8.70%. Virtus Investment Partners’s quarterly revenue was up 60.2% on a year-over-year basis. During the same period last year, the business posted $1.75 EPS. research analysts expect that Virtus Investment Partners will post 11.97 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. purchased a new position in Virtus Investment Partners during the 3rd quarter worth $204,000. Cubist Systematic Strategies LLC lifted its position in Virtus Investment Partners by 1,798.9% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 1,804 shares of the closed-end fund’s stock worth $209,000 after acquiring an additional 1,709 shares during the period. Teacher Retirement System of Texas acquired a new stake in Virtus Investment Partners during the 4th quarter worth about $287,000. Municipal Employees Retirement System of Michigan lifted its position in Virtus Investment Partners by 73.2% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 2,720 shares of the closed-end fund’s stock worth $316,000 after acquiring an additional 1,150 shares during the period. Finally, Voya Investment Management LLC lifted its position in Virtus Investment Partners by 17.5% during the 2nd quarter. Voya Investment Management LLC now owns 2,871 shares of the closed-end fund’s stock worth $319,000 after acquiring an additional 427 shares during the period. Hedge funds and other 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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