Investment analysts at Barclays PLC started coverage on shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) in a report issued on Friday, MarketBeat Ratings reports. The brokerage set an “equal weight” rating and a $113.00 price target on the closed-end fund’s stock. Barclays PLC’s price objective indicates a potential upside of 7.98% from the company’s current price.

VRTS has been the subject of a number of other research reports. Morgan Stanley set a $110.00 price target on shares of Virtus Investment Partners and gave the company a “hold” rating in a research note on Monday, July 17th. Credit Suisse Group boosted their price target on shares of Virtus Investment Partners from $141.00 to $147.00 and gave the company a “neutral” rating in a research note on Tuesday, August 8th. BidaskClub upgraded shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. ValuEngine lowered shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Jefferies Group LLC restated a “hold” rating and set a $117.00 price target on shares of Virtus Investment Partners in a research note on Friday, August 18th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Virtus Investment Partners has an average rating of “Hold” and a consensus target price of $119.83.

Virtus Investment Partners (VRTS) traded down 0.38% on Friday, reaching $104.65. 27,954 shares of the company were exchanged. Virtus Investment Partners has a 12-month low of $87.98 and a 12-month high of $128.10. The company’s 50-day moving average price is $110.51 and its 200-day moving average price is $108.11. The stock has a market capitalization of $755.26 million, a P/E ratio of 20.36 and a beta of 1.74.

Virtus Investment Partners (NASDAQ:VRTS) last announced its quarterly earnings results on Friday, July 28th. The closed-end fund reported $1.61 EPS for the quarter, missing the Zacks’ consensus estimate of $1.66 by $0.05. The business had revenue of $94.10 million for the quarter, compared to the consensus estimate of $91.78 million. Virtus Investment Partners had a net margin of 12.13% and a return on equity of 11.35%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 EPS. Equities research analysts anticipate that Virtus Investment Partners will post $7.62 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Barclays PLC Begins Coverage on Virtus Investment Partners, Inc. (VRTS)” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/09/08/barclays-plc-begins-coverage-on-virtus-investment-partners-inc-vrts.html.

Several hedge funds and other institutional investors have recently bought and sold shares of VRTS. State of Alaska Department of Revenue grew its stake in shares of Virtus Investment Partners by 83.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,305 shares of the closed-end fund’s stock worth $144,000 after acquiring an additional 595 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Virtus Investment Partners by 14.8% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 1,470 shares of the closed-end fund’s stock worth $156,000 after acquiring an additional 190 shares in the last quarter. Mason Street Advisors LLC grew its stake in shares of Virtus Investment Partners by 23.9% in the 1st quarter. Mason Street Advisors LLC now owns 1,515 shares of the closed-end fund’s stock worth $160,000 after acquiring an additional 292 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Virtus Investment Partners by 17.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,627 shares of the closed-end fund’s stock worth $172,000 after acquiring an additional 244 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Virtus Investment Partners in the 1st quarter worth $203,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

About Virtus Investment Partners

Virtus Investment Partners, Inc (Virtus) is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts.

Analyst Recommendations for Virtus Investment Partners (NASDAQ:VRTS)

Receive News & Ratings for Virtus Investment Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Investment Partners Inc. and related companies with MarketBeat.com's FREE daily email newsletter.