VRTS

Morgan Stanley Maintains Virtus Investment Partners (VRTS) Underweight Recommendation

Fintel reports that on October 23, 2023, Morgan Stanley maintained coverage of Virtus Investment Partners (NASDAQ:VRTS) with a Underweight recommendation.

Analyst Price Forecast Suggests 3.23% Upside

As of October 4, 2023, the average one-year price target for Virtus Investment Partners is 176.46. The forecasts range from a low of 174.73 to a high of $181.65. The average price target represents an increase of 3.23% from its latest reported closing price of 170.94.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Virtus Investment Partners is 754MM, a decrease of 8.00%. The projected annual non-GAAP EPS is 24.03.

What is the Fund Sentiment?

There are 479 funds or institutions reporting positions in Virtus Investment Partners. This is a decrease of 15 owner(s) or 3.04% in the last quarter. Average portfolio weight of all funds dedicated to VRTS is 0.16%, a decrease of 8.82%. Total shares owned by institutions increased in the last three months by 16.14% to 8,002K shares.

What are Other Shareholders Doing?

VRTS / Virtus Investment Partners Inc Shares Held by Institutions

FLOAX - Power Floating Rate Index Fund holds 1,213K shares representing 16.72% ownership of the company. In it's prior filing, the firm reported owning 6K shares, representing an increase of 99.50%. The firm increased its portfolio allocation in VRTS by 16,448.72% over the last quarter.

IJR - iShares Core S&P Small-Cap ETF holds 483K shares representing 6.65% ownership of the company. In it's prior filing, the firm reported owning 495K shares, representing a decrease of 2.65%. The firm decreased its portfolio allocation in VRTS by 2.15% over the last quarter.

T. Rowe Price Investment Management holds 440K shares representing 6.07% ownership of the company. In it's prior filing, the firm reported owning 437K shares, representing an increase of 0.86%. The firm decreased its portfolio allocation in VRTS by 0.60% over the last quarter.

PRSVX - T. Rowe Price Small-Cap Value Fund holds 269K shares representing 3.70% ownership of the company. In it's prior filing, the firm reported owning 269K shares, representing an increase of 0.04%. The firm increased its portfolio allocation in VRTS by 2.47% over the last quarter.

Vulcan Value Partners holds 222K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 228K shares, representing a decrease of 2.56%. The firm increased its portfolio allocation in VRTS by 0.37% over the last quarter.

Virtus Investment Partners Background Information
(This description is provided by the company.)

Virtus Investment Partners is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs. Its affiliates include Ceredex Value Advisors, Duff & Phelps Investment Management, Kayne Anderson Rudnick Investment Management, Newfleet Asset Management, Seix Investment Advisors, Silvant Capital Management, Sustainable Growth Advisers, and Virtus ETF Solutions.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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