In a report released today, Michael Cyprys from Morgan Stanley maintained a Sell rating on Virtus Investment Partners (VRTS – Research Report), with a price target of $155.00. The company’s shares closed last Thursday at $173.81, close to its 52-week low of $161.31.
According to TipRanks.com, Cyprys is a 4-star analyst with an average return of 5.9% and a 54.8% success rate. Cyprys covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, Intercontinental Exchange, and Victory Capital Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Virtus Investment Partners with a $222.00 average price target.
Virtus Investment Partners’ market cap is currently $1.34B and has a P/E ratio of 7.00.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VRTS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Virtus Investment Partners, Inc. is an asset management company, which engages in the provision of investment management and related services to individuals and institutions. It offers financial solutions and products such as mutual funds, managed accounts, institutional, closed-end funds, Virtus variable insurance trust funds, and other portfolio. The company was founded on November 1, 1995, and is headquartered in Hartford, CT.
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