Virtus Investment Partners (NASDAQ:VRTS) Price Target Raised to $274.00 at Piper Sandler

Virtus Investment Partners (NASDAQ:VRTS) had its price target increased by stock analysts at Piper Sandler from $264.00 to $274.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the closed-end fund’s stock. Piper Sandler’s price target indicates a potential upside of 10.97% from the stock’s previous close.

Several other research firms have also commented on VRTS. Barclays began coverage on shares of Virtus Investment Partners in a research report on Tuesday, August 27th. They issued an “underweight” rating and a $206.00 price target on the stock. Morgan Stanley increased their target price on Virtus Investment Partners from $208.00 to $217.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Finally, StockNews.com cut Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $236.00.

Virtus Investment Partners Price Performance

Virtus Investment Partners stock opened at $246.92 on Wednesday. The firm has a market capitalization of $1.73 billion, a PE ratio of 15.01 and a beta of 1.45. Virtus Investment Partners has a 52 week low of $190.42 and a 52 week high of $263.39. The firm’s 50-day simple moving average is $221.42 and its 200 day simple moving average is $219.90. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27.

Institutional Trading of Virtus Investment Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of 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 worth $74,092,000 after purchasing an additional 8,393 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Virtus Investment Partners by 6.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 255,536 shares of the closed-end fund’s stock worth $53,522,000 after buying an additional 16,586 shares during the period. Geode Capital Management LLC boosted its stake in Virtus Investment Partners by 0.5% in the 3rd 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. WCM Investment Management LLC boosted its stake in Virtus Investment Partners by 4.0% in the 3rd quarter. WCM Investment Management LLC now owns 113,892 shares of the closed-end fund’s stock worth $23,670,000 after buying an additional 4,359 shares during the last quarter. Finally, Basswood Capital Management L.L.C. grew its holdings in 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 buying an additional 12,193 shares during the period. 80.52% of the stock is owned by hedge funds and other institutional investors.

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.