Virtus Investment Partners (NASDAQ:VRTS) Given New $173.00 Price Target at TD Cowen

Virtus Investment Partners (NASDAQ:VRTS) had its price target decreased by equities researchers at TD Cowen from $180.00 to $173.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the closed-end fund’s stock. TD Cowen’s price target suggests a potential upside of 2.06% from the company’s previous close.

A number of other equities research analysts have also weighed in on VRTS. Zacks Research lowered Virtus Investment Partners from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 11th. Barclays cut their price target on shares of Virtus Investment Partners from $175.00 to $158.00 and set an “underweight” rating on the stock in a report on Friday, December 12th. Morgan Stanley reduced their price objective on shares of Virtus Investment Partners from $173.00 to $168.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 17th. Finally, Piper Sandler dropped their target price on shares of Virtus Investment Partners from $225.00 to $218.00 and set an “overweight” rating for the company in a research report on Tuesday, December 23rd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Virtus Investment Partners presently has a consensus rating of “Reduce” and an average price target of $179.25.

Virtus Investment Partners Trading Up 0.4%

Shares of Virtus Investment Partners stock traded up $0.62 during trading on Wednesday, reaching $169.51. 61,432 shares of the stock were exchanged, compared to its average volume of 71,739. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 10.03 and a beta of 1.47. Virtus Investment Partners has a 1 year low of $142.18 and a 1 year high of $215.90. The stock’s fifty day moving average is $163.34 and its 200 day moving average is $181.94.

Institutional Investors Weigh In On Virtus Investment Partners

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Virtus Investment Partners by 2.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,952 shares of the closed-end fund’s stock valued at $681,000 after purchasing an additional 103 shares in the last quarter. Millennium Management LLC grew its stake in shares of Virtus Investment Partners by 10.8% in the 1st quarter. Millennium Management LLC now owns 58,788 shares of the closed-end fund’s stock worth $10,133,000 after buying an additional 5,734 shares during the last quarter. Jane Street Group LLC increased its position in Virtus Investment Partners by 57.4% during the 1st quarter. Jane Street Group LLC now owns 15,543 shares of the closed-end fund’s stock valued at $2,679,000 after buying an additional 5,671 shares in the last quarter. Intech Investment Management LLC increased its position in Virtus Investment Partners by 20.8% during the 1st quarter. Intech Investment Management LLC now owns 6,587 shares of the closed-end fund’s stock valued at $1,135,000 after buying an additional 1,134 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in Virtus Investment Partners by 38.7% during the first quarter. Voya Investment Management LLC now owns 8,041 shares of the closed-end fund’s stock valued at $1,386,000 after buying an additional 2,245 shares during the last quarter. Hedge funds and other institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Company Profile

Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.