Virtus Investment Partners, Inc. (NASDAQ:VRTS) Receives Average Rating of “Reduce” from Brokerages

Virtus Investment Partners, Inc. (NASDAQ:VRTS) has been given an average rating of “Reduce” by the five analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $181.25.

A number of research analysts have issued reports on VRTS shares. Barclays upped their target price on shares of Virtus Investment Partners from $158.00 to $166.00 and gave the company an “underweight” rating in a research report on Thursday, January 15th. TD Cowen cut their price objective on shares of Virtus Investment Partners from $180.00 to $173.00 and set a “hold” rating on the stock in a report on Wednesday, January 14th. Zacks Research raised shares of Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Piper Sandler dropped their target price on shares of Virtus Investment Partners from $225.00 to $218.00 and set an “overweight” rating for the company in a research report on Tuesday, December 23rd. Finally, Morgan Stanley reduced their price target on Virtus Investment Partners from $173.00 to $168.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 17th.

Institutional Trading of Virtus Investment Partners

A number of hedge funds have recently modified their holdings of VRTS. Farther Finance Advisors LLC increased its stake in Virtus Investment Partners by 14,100.0% in the second quarter. Farther Finance Advisors LLC now owns 142 shares of the closed-end fund’s stock valued at $26,000 after purchasing an additional 141 shares in the last quarter. Hilltop National Bank acquired a new position in shares of Virtus Investment Partners in the 2nd quarter valued at $26,000. NBT Bank N A NY increased its position in shares of Virtus Investment Partners by 1,483.3% in the 3rd quarter. NBT Bank N A NY now owns 190 shares of the closed-end fund’s stock valued at $36,000 after buying an additional 178 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Virtus Investment Partners by 90.4% in the 2nd quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock valued at $57,000 after buying an additional 150 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Virtus Investment Partners by 226.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 359 shares of the closed-end fund’s stock worth $65,000 after buying an additional 249 shares during the period. 80.52% of the stock is currently owned by institutional investors and hedge funds.

Virtus Investment Partners Trading Down 1.6%

VRTS stock opened at $163.31 on Friday. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. Virtus Investment Partners has a twelve month low of $142.18 and a twelve month high of $215.06. The company has a market cap of $1.10 billion, a P/E ratio of 9.66 and a beta of 1.47. The business has a fifty day moving average of $165.17 and a 200-day moving average of $179.30.

Virtus Investment Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Saturday, January 31st will be issued a dividend of $2.40 per share. The ex-dividend date is Friday, January 30th. This represents a $9.60 dividend on an annualized basis and a yield of 5.9%. Virtus Investment Partners’s dividend payout ratio (DPR) is 49.28%.

Virtus Investment Partners Company Profile

Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.