TD Cowen Cuts Virtus Investment Partners (NASDAQ:VRTS) Price Target to $158.00

Virtus Investment Partners (NASDAQ:VRTS) had its price objective reduced by TD Cowen from $220.00 to $158.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the closed-end fund’s stock. TD Cowen’s price target would indicate a potential upside of 1.26% from the company’s previous close.

Several other research analysts also recently commented on the company. Barclays decreased their price objective on Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating on the stock in a research note on Monday, February 3rd. Piper Sandler lowered their price target on shares of Virtus Investment Partners from $252.00 to $216.00 and set an “overweight” rating on the stock in a report on Tuesday. StockNews.com raised shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, Morgan Stanley dropped their target price on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating for the company in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Virtus Investment Partners has a consensus rating of “Hold” and a consensus price target of $193.00.

Virtus Investment Partners Stock Performance

Shares of NASDAQ:VRTS traded up $9.17 during midday trading on Wednesday, hitting $156.04. The company had a trading volume of 13,889 shares, compared to its average volume of 39,999. Virtus Investment Partners has a 12-month low of $143.27 and a 12-month high of $252.82. The company has a fifty day moving average of $179.00 and a two-hundred day moving average of $207.64. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 9.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Quarry LP lifted its position in shares of Virtus Investment Partners by 388.5% in the third quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock worth $27,000 after buying an additional 101 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Virtus Investment Partners by 170.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund’s stock worth $44,000 after acquiring an additional 126 shares in the last quarter. R Squared Ltd bought a new position in shares of Virtus Investment Partners during the 4th quarter valued at approximately $75,000. KBC Group NV grew its holdings in shares of Virtus Investment Partners by 61.2% in the fourth quarter. KBC Group NV now owns 395 shares of the closed-end fund’s stock valued at $87,000 after purchasing an additional 150 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in Virtus Investment Partners during the fourth quarter valued at $203,000. Hedge funds and other institutional investors own 80.52% 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.