Barclays Lowers Virtus Investment Partners (NASDAQ:VRTS) Price Target to $200.00

Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) had its target price dropped by research analysts at Barclays from $221.00 to $200.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "underweight" rating on the closed-end fund's stock. Barclays's price objective would indicate a potential upside of 4.81% from the stock's current price.

A number of other equities analysts also recently issued reports on the stock. StockNews.com downgraded shares of Virtus Investment Partners from a "buy" rating to a "hold" rating in a research note on Friday, January 17th. Morgan Stanley boosted their price target on Virtus Investment Partners from $224.00 to $228.00 and gave the stock an "underweight" rating in a research report on Friday, December 20th. Finally, Piper Sandler cut their target price on Virtus Investment Partners from $274.00 to $258.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Virtus Investment Partners has an average rating of "Hold" and a consensus target price of $225.75.

Virtus Investment Partners Stock Down 2.1 %

Virtus Investment Partners stock traded down $4.06 during midday trading on Monday, hitting $190.82. 32,651 shares of the company's stock were exchanged, compared to its average volume of 37,179. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. The company has a market cap of $1.34 billion, a PE ratio of 11.29 and a beta of 1.47. The firm has a 50-day moving average of $221.69 and a two-hundred day moving average of $218.07. Virtus Investment Partners has a 12 month low of $190.42 and a 12 month high of $263.39.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Virtus Investment Partners by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 276,880 shares of the closed-end fund's stock valued at $61,074,000 after acquiring an additional 21,344 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Virtus Investment Partners by 0.5% in the third quarter. Geode Capital Management LLC now owns 151,328 shares of the closed-end fund's stock worth $31,702,000 after buying an additional 821 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Virtus Investment Partners by 2.6% during the third quarter. JPMorgan Chase & Co. now owns 145,386 shares of the closed-end fund's stock worth $30,451,000 after buying an additional 3,651 shares during the period. WCM Investment Management LLC grew its holdings in shares of Virtus Investment Partners by 4.0% during the third quarter. WCM Investment Management LLC now owns 113,892 shares of the closed-end fund's stock valued at $23,670,000 after buying an additional 4,359 shares during the last quarter. Finally, Basswood Capital Management L.L.C. increased its position in shares of Virtus Investment Partners by 12.4% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 110,429 shares of the closed-end fund's stock valued at $23,129,000 after acquiring an additional 12,193 shares during the period. 80.52% of the stock is owned by institutional investors and hedge funds.

About Virtus Investment Partners

Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.