Morgan Stanley maintains an Underweight rating on Virtus Investment Partners (VRTS).

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

The analyst’s price forecast suggests a 3.23% upside

As of October 4, 2023, the one year average target for Virtus Investment Partners is 176.46. Estimates range from a low of $174.73 to a high of $181.65. The average price target represents a 3.23% increase from the last reported close price of 170.94.

See our ranking of companies with the largest price target growth.

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

What is the mood of the fund?

There are 479 funds or institutions reporting positions in Virtus Investment Partners. This is a decrease of 15 owners or 3.04% in the last quarter. Average portfolio weight by all means devoted to VRTS was 0.16%, down from 8.82%. Total shares held by institutions increased over the past three months by 16.14% to 8,002 thousand shares.

What are other shareholders doing?

FLOAX – Power Floating Rate Index Fund owns 1,213K shares representing 16.72% ownership of the company. In its previous filing, the firm reported holding 6K shares representing raise of 99.50%. The company increased its portfolio allocation in VRTS by 16,448.72% in the last quarter.

IJR – iShares Core S&P Small-Cap ETF owns 483K shares, representing 6.65% of the company’s ownership. In its previous filing, the firm reported that it owns 495K shares representing reduction from 2.65%. The company decreased its portfolio allocation in VRTS by 2.15% in the last quarter.

T. Rowe Price Investment Management owns 440K shares representing 6.07% of the company’s ownership. In its previous filing, the firm reported that it owns 437K shares representing raise from 0.86%. The company decreased its portfolio allocation in VRTS by 0.60% in the last quarter.

PRSVX – T. Rowe Price Small-Cap Value Fund owns 269K shares representing 3.70% of the company’s ownership. In its previous filing, the firm reported holding 269K shares representing raise from 0.04%. The company increased its portfolio allocation in VRTS by 2.47% in the last quarter.

Vulcan Value Partners owns 222K shares representing 3.06% of the company ownership. In its previous filing, the firm reported that it owns 228K shares representing reduction from 2.56%. The company increased its portfolio allocation in VRTS by 0.37% in the last quarter.

Basic information about Virtus investment partners
(This description is provided by the company.)

Virtus Investment Partners is a distinctive partnership of boutique investment managers committed exclusively to the long-term success of individual and institutional investors. The Company provides investment management products and services through its affiliated managers and selected sub-advisers, 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 range 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 those of the author and do not necessarily reflect those of Nasdaq, Inc.

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