Virtus Investment Partners (VRTS) – Research Analysts’ Weekly Ratings Updates

Virtus Investment Partners (NASDAQ: VRTS) has recently received a number of price target changes and ratings updates:

• 4/29/2024 – Virtus Investment Partners had its price target lowered by analysts at Piper Sandler from $275.00 to $265.00. They now have an “overweight” rating on the stock.
• 4/29/2024 – Virtus Investment Partners had its price target raised by analysts at TD Cowen from $245.00 to $250.00. They now have a “hold” rating on the stock.
• 4/17/2024 – Virtus Investment Partners had its price target raised by analysts at Morgan Stanley from $211.00 to $224.00. They now have an “underweight” rating on the stock.
• 4/9/2024 – Virtus Investment Partners was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 4/8/2024 – Virtus Investment Partners was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating. They now have a $264.00 price target on the stock, down previously from $285.00.
• 3/27/2024 – Virtus Investment Partners had its price target raised by analysts at Piper Sandler from $264.00 to $275.00. They now have an “overweight” rating on the stock.
• 3/1/2024 – Virtus Investment Partners was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Virtus Investment Partners Stock Performance

Shares of VRTS opened at $222.60 on Tuesday. The firm has a market cap of $1.60 billion, a PE ratio of 13.41 and a beta of 1.52. Virtus Investment Partners, Inc. has a 52-week low of $165.00 and a 52-week high of $263.39. The business’s 50 day moving average price is $235.53 and its two-hundred day moving average price is $222.20.

Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, April 26th. The closed-end fund reported $5.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $5.41. The company had revenue of $200.24 million for the quarter, compared to the consensus estimate of $203.54 million. Virtus Investment Partners had a net margin of 14.02% and a return on equity of 19.68%. Research analysts predict that Virtus Investment Partners, Inc. will post 27.04 EPS for the current fiscal year.

Virtus Investment Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Monday, April 29th. Virtus Investment Partners’s payout ratio is 45.78%.

Hedge Funds Weigh In On Virtus Investment Partners

A number of institutional investors have recently modified their holdings of VRTS. Signaturefd LLC lifted its stake in shares of Virtus Investment Partners by 29.2% in the fourth quarter. Signaturefd LLC now owns 221 shares of the closed-end fund’s stock valued at $53,000 after buying an additional 50 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Virtus Investment Partners by 4.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,650 shares of the closed-end fund’s stock worth $333,000 after purchasing an additional 65 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Virtus Investment Partners by 0.6% in the third quarter. Swiss National Bank now owns 16,000 shares of the closed-end fund’s stock valued at $3,232,000 after purchasing an additional 100 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Virtus Investment Partners by 550.0% during the fourth quarter. Blue Trust Inc. now owns 182 shares of the closed-end fund’s stock valued at $44,000 after buying an additional 154 shares during the last quarter. Finally, Mariner LLC grew its holdings in Virtus Investment Partners by 12.2% during the third quarter. Mariner LLC now owns 2,432 shares of the closed-end fund’s stock worth $491,000 after buying an additional 265 shares in the last quarter. 80.52% of the stock is owned by institutional investors and hedge funds.

Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.