Virtus Investment Partners (VRTS) PT Set at $136.00 by Sandler O’Neill
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.
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.
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.
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