Virtus Investment Partners (VRTS) Stock Rating Lowered by BidaskClub

Virtus Investment Partners (NASDAQ:VRTS) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday.

A number of other brokerages have also recently commented on VRTS. Sandler O’Neill set a $136.00 price target on shares of Virtus Investment Partners and gave the company a “hold” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded shares of Virtus Investment Partners from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a report on Thursday, March 15th. Barclays raised their target price on shares of Virtus Investment Partners from $133.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, February 5th. Morgan Stanley raised their target price on shares of Virtus Investment Partners from $127.00 to $136.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Finally, TheStreet cut shares of Virtus Investment Partners from a “b” rating to a “c+” rating in a report on Wednesday, February 14th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $138.13.

Shares of NASDAQ VRTS opened at $126.35 on Wednesday. Virtus Investment Partners has a one year low of $97.90 and a one year high of $135.90. The company has a current ratio of 32.03, a quick ratio of 32.03 and a debt-to-equity ratio of 0.48. The company has a market cap of $927.08 million, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 0.44 and a beta of 1.66.

Virtus Investment Partners (NASDAQ:VRTS) last issued its quarterly earnings results on Friday, April 27th. The closed-end fund reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.19. Virtus Investment Partners had a net margin of 9.96% and a return on equity of 15.49%. The business had revenue of $129.00 million for the quarter, compared to analysts’ expectations of $129.64 million. During the same period last year, the business earned $1.62 earnings per share. The business’s quarterly revenue was up 61.7% on a year-over-year basis. sell-side analysts predict that Virtus Investment Partners will post 12.28 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of VRTS. Wells Fargo & Company MN grew its holdings in shares of Virtus Investment Partners by 104.7% in the third quarter. Wells Fargo & Company MN now owns 8,999 shares of the closed-end fund’s stock worth $1,045,000 after purchasing an additional 4,602 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Virtus Investment Partners by 2.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 30,617 shares of the closed-end fund’s stock worth $3,523,000 after purchasing an additional 769 shares during the last quarter. Peregrine Capital Management LLC boosted its holdings in Virtus Investment Partners by 0.6% in the fourth quarter. Peregrine Capital Management LLC now owns 183,104 shares of the closed-end fund’s stock valued at $21,066,000 after acquiring an additional 1,144 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Virtus Investment Partners in the fourth quarter valued at $1,181,000. Finally, WCM Investment Management CA boosted its holdings in Virtus Investment Partners by 494.8% in the fourth quarter. WCM Investment Management CA now owns 55,076 shares of the closed-end fund’s stock valued at $6,336,000 after acquiring an additional 45,817 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

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.

Analyst Recommendations for Virtus Investment Partners (NASDAQ:VRTS)

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