Analysts’ Recent Ratings Updates for Virtus Investment Partners (VRTS)

Several brokerages have updated their recommendations and price targets on shares of Virtus Investment Partners (NASDAQ: VRTS) in the last few weeks:

  • 8/2/2018 – Virtus Investment Partners was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/30/2018 – Virtus Investment Partners had its price target raised by analysts at Barclays PLC from $132.00 to $140.00. They now have an “equal weight” rating on the stock.
  • 7/30/2018 – Virtus Investment Partners had its price target raised by analysts at Credit Suisse Group AG from $174.00 to $175.00. They now have a “buy” rating on the stock.
  • 7/26/2018 – Virtus Investment Partners was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/13/2018 – Virtus Investment Partners was given a new $140.00 price target on by analysts at Sandler O’Neill. They now have a “hold” rating on the stock.
  • 7/12/2018 – Virtus Investment Partners had its price target raised by analysts at Morgan Stanley from $137.00 to $144.00. They now have an “equal weight” rating on the stock.
  • 7/4/2018 – Virtus Investment Partners was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 6/30/2018 – Virtus Investment Partners was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $150.00 price target on the stock. According to Zacks, “Virtus Investment Partners, Inc., headquartered in Hartford, Connecticut, provides investment management products and services to individuals and institutions in the United States. . It operates a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand. Investors have an array of needs and Virtus Investment Partners offers a variety of investment styles and multiple disciplines to meet those needs. The Company provides its products in a number of forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds and separately managed accounts. The Company manages institutional accounts for corporations, multi-employer retirement funds and foundations, endowments, special purpose funds and other types of institutions. “
  • 6/20/2018 – Virtus Investment Partners was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

NASDAQ VRTS traded up $1.35 during trading on Thursday, hitting $130.90. The stock had a trading volume of 31,597 shares, compared to its average volume of 55,685. The stock has a market capitalization of $928.37 million, a price-to-earnings ratio of 17.04, a PEG ratio of 0.42 and a beta of 1.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 27.62 and a current ratio of 27.62. Virtus Investment Partners Inc has a 12 month low of $103.81 and a 12 month high of $138.02.

Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, July 27th. The closed-end fund reported $2.97 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.02 by ($0.05). The firm had revenue of $132.93 million during the quarter, compared to the consensus estimate of $134.07 million. Virtus Investment Partners had a net margin of 13.76% and a return on equity of 17.39%. The company’s revenue was up 41.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 EPS. equities research analysts forecast that Virtus Investment Partners Inc will post 12.36 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be paid a $0.55 dividend. This is a boost from Virtus Investment Partners’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, October 30th. This represents a $2.20 annualized dividend and a yield of 1.68%. Virtus Investment Partners’s payout ratio is presently 23.44%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vulcan Value Partners LLC raised its stake in shares of Virtus Investment Partners by 106.9% during the 2nd quarter. Vulcan Value Partners LLC now owns 533,272 shares of the closed-end fund’s stock worth $69,475,000 after purchasing an additional 275,535 shares in the last quarter. BlackRock Inc. raised its stake in shares of Virtus Investment Partners by 9.3% during the 2nd quarter. BlackRock Inc. now owns 1,016,158 shares of the closed-end fund’s stock worth $130,017,000 after purchasing an additional 86,152 shares in the last quarter. Millennium Management LLC raised its stake in shares of Virtus Investment Partners by 183.9% during the 2nd quarter. Millennium Management LLC now owns 93,920 shares of the closed-end fund’s stock worth $12,017,000 after purchasing an additional 60,838 shares in the last quarter. New Amsterdam Partners LLC NY bought a new stake in shares of Virtus Investment Partners during the 2nd quarter worth approximately $4,545,000. Finally, Renaissance Technologies LLC raised its stake in shares of Virtus Investment Partners by 155.4% during the 4th quarter. Renaissance Technologies LLC now owns 31,229 shares of the closed-end fund’s stock worth $3,593,000 after purchasing an additional 19,000 shares in the last quarter. Hedge funds and other institutional investors own 95.03% of the company’s stock.

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.

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