Barclays analyst Jeremy Campbell maintained a Hold rating on Virtus Investment Partners (NASDAQ: VRTS) today and set a price target of $132. The company’s shares closed on Friday at $114.80.
According to TipRanks.com, Campbell is a 4-star analyst with an average return of 13.0% and a 71.4% success rate. Campbell covers the Financial sector, focusing on stocks such as E*Trade Financial, CBOE Holdings, and T Rowe Price.
Currently, the analyst consensus on Virtus Investment Partners is Moderate Buy and the average price target is $139.25, representing a 21.3% upside.
In a report issued on April 23, Jefferies also reiterated a Hold rating on the stock with a $123 price target.
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Based on Virtus Investment Partners’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $132 million and quarterly net profit of $23.3 million. In comparison, last year the company earned revenue of $84.52 million and had a net profit of $13.03 million.
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Virtus Investment Partners, Inc. is an asset management company which provides 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.
