Virtus Investment Partners (NASDAQ:VRTS) Price Target Raised to $228.00

Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) had its target price increased by stock analysts at Morgan Stanley from $224.00 to $228.00 in a report released on Friday,Benzinga reports. The firm currently has an "underweight" rating on the closed-end fund's stock. Morgan Stanley's price target points to a potential upside of 3.17% from the company's previous close.

Several other research firms have also issued reports on VRTS. Piper Sandler raised their price target on Virtus Investment Partners from $264.00 to $274.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. StockNews.com upgraded shares of Virtus Investment Partners from a "hold" rating to a "buy" rating in a report on Monday. Finally, Barclays upped their price target on shares of Virtus Investment Partners from $212.00 to $239.00 and gave the company an "underweight" rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $247.00.

Virtus Investment Partners Trading Up 1.4 %

NASDAQ VRTS traded up $3.12 during trading on Friday, hitting $221.00. 196,396 shares of the company's stock traded hands, compared to its average volume of 42,888. The stock has a fifty day moving average of $232.64 and a two-hundred day moving average of $221.09. Virtus Investment Partners has a 12-month low of $190.42 and a 12-month high of $263.39. The firm has a market cap of $1.55 billion, a P/E ratio of 13.43 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP raised its position in shares of Virtus Investment Partners by 388.5% in the 3rd quarter. Quarry LP now owns 127 shares of the closed-end fund's stock worth $27,000 after acquiring an additional 101 shares in the last quarter. Blue Trust Inc. raised its holdings in Virtus Investment Partners by 6,550.0% in the second quarter. Blue Trust Inc. now owns 133 shares of the closed-end fund's stock worth $33,000 after purchasing an additional 131 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Virtus Investment Partners during the second quarter valued at $42,000. nVerses Capital LLC bought a new stake in shares of Virtus Investment Partners during the 3rd quarter valued at $42,000. Finally, Point72 DIFC Ltd grew its position in shares of Virtus Investment Partners by 57.2% in the 3rd quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund's stock worth $128,000 after buying an additional 222 shares during the period. 80.52% of the stock is currently owned by institutional investors.

Virtus Investment Partners Company Profile

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.