T. Rowe Price Investment Manageme recently announced the acquisition of new stake in Virtus Investment Partners Inc. (NASDAQ:VRTS). This fresh investment now brings its stake to 6.01% valued currently at $83.15 million. In addition, Dimensional Fund Advisors LP raised its holdings by 771.0 to 0.26 million shares. And WCM Investment Management LLC has lifted its position by 1.85% or 2356.0 shares – to 0.13 million shares.
With over 85276.0 Virtus Investment Partners Inc. (VRTS) shares trading Tuesday and a closing price of $215.26 on the day, the dollar volume was approximately $18.36 million. The shares have shown a positive half year performance of 11.39% and its price on 01/24/23 lost nearly -1.45%. Currently, there are 7.31M common shares owned by the public and among those 6.84M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for VRTS have a consensus price objective of $199.00. The analysts have set the share’s price value over the next 12 months at a high of $248.00 and a low of $150.00. The average price target is -8.17% below its recent price level and a downside to the estimated low will see the stock lose -43.51% over that period. But an upside of 13.2% will see the stock hit the forecast high price target while median target price for the stock is $199.00.
Insiders at the company have transacted a total of 41 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 67,556 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 31,461 shares.
The top 3 mutual fund holders in Virtus Investment Partners Inc. are iShares Core S&P Small Cap ETF, T Rowe Price Small Cap Value Fund, and Vanguard Total Stock Market Index. iShares Core S&P Small Cap ETF owns 0.5 million shares of the company’s stock, all valued at over $96.28 million. The company sold 368.0 shares recently to bring their total holdings to about 6.95% of the shares outstanding. T Rowe Price Small Cap Value Fund sold 300.0 shares to see its total holdings shrink to 0.27 million shares valued at over $51.49 million and representing 3.72% of the shares outstanding. Vanguard Total Stock Market Index bought 1578.0 shares to bring its total holdings to over 0.21 million shares at a value of $40.46 million. Vanguard Total Stock Market Index now owns shares totaling to 2.92% of the shares outstanding.
Shares of Virtus Investment Partners Inc. (NASDAQ: VRTS) opened at $216.49, down -$1.93 from a prior closing price of $218.42. However, the script later moved the day high at 218.40, down -1.45%. The company’s stock has a 5-day price change of 1.77% and 32.93% over the past three months. VRTS shares are trading 12.44% year to date (YTD), with the 12-month market performance down to -17.69% lower. It has a 12-month low price of $141.80 and touched a high of $273.03 over the same period. VRTS has an average intraday trading volume of 72.08K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.88%, 9.85%, and 14.90% respectively.
Institutional ownership of Virtus Investment Partners Inc. (NASDAQ: VRTS) shares accounts for 85.60% of the company’s 7.31M shares outstanding. Mutual fund holders own 26.26%, while other institutional holders and individual stakeholders account for 56.27% and 121.20% respectively.
It has a market capitalization of $1.51B and a beta (3y monthly) value of 1.61. The stock’s trailing 12-month PE ratio is 12.64, while the earnings-per-share (ttm) stands at $17.04. The company has a PEG of 0.37 and a Quick Ratio of 1.50 with the debt-to-equity ratio at 2.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.48% over the week and 3.12% over the month.
Analysts forecast that Virtus Investment Partners Inc. (VRTS) will achieve an EPS of $4.79 for the current quarter, $4.48 for the next quarter and $24.4 for 2023. The lowest estimate earnings-per-share for the quarter is $4.65 while analysts give the company a high EPS estimate of $4.93. Comparatively, EPS for the current quarter was $10.36 a year ago. Earnings per share for the fiscal year are expected to increase by 159.40%, and -3.02% over the next financial year. EPS should grow at an annualized rate of 34.20% over the next five years, compared to 33.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Virtus Investment Partners Inc. (VRTS) as a “Hold” at a consensus score of 3.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the VRTS, a number of firms have released research notes about the stock. Morgan Stanley stated their Underweight rating for the stock in a research note on April 08, 2022, with the firm’s price target at $393-$240. Morgan Stanley coverage for the Virtus Investment Partners Inc. (VRTS) stock in a research note released on August 05, 2021 offered a Overweight rating with a price target of $400. BofA/Merrill on their part issued Neutral rating on October 08, 2019.