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 $217.00. The company’s shares closed yesterday at $223.65.
According to TipRanks, Cyprys is a 4-star analyst with an average return of 5.8% and a 56.68% success rate. Cyprys covers the Financial sector, focusing on stocks such as LPL Financial, Charles Schwab, and Marketaxess Holdings.
In addition to Morgan Stanley, Virtus Investment Partners also received a Sell from Barclays’s Benjamin Budish in a report issued on October 14. However, on October 9, Piper Sandler assigned a Buy rating to Virtus Investment Partners (NYSE: VRTS).
Based on Virtus Investment Partners’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $224.38 million and a net profit of $17.61 million. In comparison, last year the company earned a revenue of $213.54 million and had a net profit of $30.26 million
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Virtus Investment Partners (VRTS) Company Description:
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.
