Morgan Stanley Sticks to Their Hold Rating for Virtus Investment Partners (VRTS)

Morgan Stanley analyst Michael Cyprys maintained a Hold rating on Virtus Investment Partners (VRTSResearch Report) today and set a price target of $128.00. The company’s shares closed last Wednesday at $113.07.

According to TipRanks.com, Cyprys is a 4-star analyst with an average return of 4.8% and a 54.6% success rate. Cyprys covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, Apollo Global Management, and Victory Capital Holdings.

Currently, the analyst consensus on Virtus Investment Partners is a Strong Buy with an average price target of $121.50.

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The company has a one-year high of $141.79 and a one-year low of $55.37. Currently, Virtus Investment Partners has an average volume of 56.25K.

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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.