Virtus Investment Partners (NASDAQ:VRTS) Reaches New 1-Year Low – Time to Sell?

Virtus Investment Partners, Inc. (NASDAQ:VRTS)’s stock price hit a new 52-week low on Friday . The company traded as low as $131.87 and last traded at $133.28, with a volume of 12795 shares traded. The stock had previously closed at $138.35.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Piper Sandler decreased their price target on shares of Virtus Investment Partners from $218.00 to $206.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Morgan Stanley cut their price objective on Virtus Investment Partners from $168.00 to $155.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 3rd. Zacks Research upgraded Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. TD Cowen reduced their price target on shares of Virtus Investment Partners from $180.00 to $173.00 and set a “hold” rating on the stock in a research note on Wednesday, January 14th. Finally, Barclays reiterated an “underweight” rating and set a $142.00 price objective on shares of Virtus Investment Partners in a report on Monday, February 9th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Virtus Investment Partners presently has an average rating of “Reduce” and a consensus price target of $169.00.

Virtus Investment Partners Trading Down 2.8%

The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. The company has a market capitalization of $900.41 million, a P/E ratio of 7.96 and a beta of 1.47. The company’s fifty day simple moving average is $154.99 and its 200-day simple moving average is $169.54.

Virtus Investment Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Thursday, April 30th will be given a dividend of $2.40 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $9.60 dividend on an annualized basis and a yield of 7.1%. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 48.02%.

Institutional Trading of Virtus Investment Partners

A number of institutional investors have recently modified their holdings of the company. State Street Corp raised its stake in shares of Virtus Investment Partners by 0.5% during the 4th quarter. State Street Corp now owns 306,375 shares of the closed-end fund’s stock worth $49,985,000 after acquiring an additional 1,586 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Virtus Investment Partners by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 300,098 shares of the closed-end fund’s stock worth $48,961,000 after purchasing an additional 2,917 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Virtus Investment Partners by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 297,128 shares of the closed-end fund’s stock worth $48,477,000 after purchasing an additional 6,885 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Virtus Investment Partners by 7.0% during the 4th quarter. Victory Capital Management Inc. now owns 245,344 shares of the closed-end fund’s stock valued at $40,028,000 after purchasing an additional 15,987 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Virtus Investment Partners by 23.8% during the 3rd quarter. American Century Companies Inc. now owns 155,881 shares of the closed-end fund’s stock valued at $29,622,000 after buying an additional 29,919 shares in the last quarter. 80.52% of the stock is currently owned by institutional investors.

About Virtus Investment Partners

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.