Virtus Investment Partners (NASDAQ:VRTS) Stock Rating Upgraded by StockNews.com

Virtus Investment Partners (NASDAQ:VRTS) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

A number of other equities research analysts also recently issued reports on the stock. Barclays initiated coverage on shares of Virtus Investment Partners in a report on Tuesday, August 27th. They issued an “underweight” rating and a $206.00 price target on the stock. Morgan Stanley raised their price target on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Virtus Investment Partners presently has a consensus rating of “Hold” and an average target price of $233.50.

Virtus Investment Partners Stock Performance

NASDAQ:VRTS opened at $238.99 on Tuesday. The business’s fifty day moving average is $213.45 and its 200 day moving average is $218.91. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 14.53 and a beta of 1.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 15.18 and a current ratio of 11.86. Virtus Investment Partners has a 52-week low of $190.42 and a 52-week high of $263.39.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in Virtus Investment Partners by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 328,067 shares of the closed-end fund’s stock valued at $74,092,000 after purchasing an additional 8,393 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Virtus Investment Partners by 6.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 255,536 shares of the closed-end fund’s stock worth $53,522,000 after acquiring an additional 16,586 shares during the last quarter. WCM Investment Management LLC lifted its holdings in shares of Virtus Investment Partners by 4.0% during the 3rd quarter. WCM Investment Management LLC now owns 113,892 shares of the closed-end fund’s stock worth $23,670,000 after acquiring an additional 4,359 shares during the last quarter. Victory Capital Management Inc. grew its position in Virtus Investment Partners by 1.0% in the third quarter. Victory Capital Management Inc. now owns 98,626 shares of the closed-end fund’s stock worth $20,657,000 after acquiring an additional 947 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in Virtus Investment Partners by 0.9% in the third quarter. Fisher Asset Management LLC now owns 68,376 shares of the closed-end fund’s stock valued at $14,321,000 after acquiring an additional 640 shares during the last quarter. 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.