Virtus Investment Partners, Inc. (NASDAQ:VRTS) Receives $181.25 Consensus Price Target from Analysts

Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTSGet Free Report) have received a consensus recommendation of “Reduce” from the five analysts that are covering the firm, Marketbeat Ratings reports. Two 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 12 month price target among brokers that have covered the stock in the last year is $175.00.

Several research analysts recently weighed in on the stock. Piper Sandler reduced their price objective 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. Barclays lifted their price target on shares of Virtus Investment Partners from $158.00 to $166.00 and gave the stock an “underweight” rating in a research report on Thursday, January 15th. TD Cowen lowered their price objective on shares of Virtus Investment Partners from $180.00 to $173.00 and set a “hold” rating for the company in a research report on Wednesday, January 14th. Zacks Research upgraded Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Finally, Morgan Stanley lowered their price target on Virtus Investment Partners from $168.00 to $155.00 and set an “underweight” rating for the company in a report on Tuesday.

Check Out Our Latest Stock Report on VRTS

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. AlphaQuest LLC boosted its holdings in Virtus Investment Partners by 224.8% during the third quarter. AlphaQuest LLC now owns 10,944 shares of the closed-end fund’s stock worth $2,080,000 after purchasing an additional 7,575 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Virtus Investment Partners by 2,043.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 26,059 shares of the closed-end fund’s stock worth $4,952,000 after buying an additional 24,843 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Virtus Investment Partners during the 2nd quarter worth about $330,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Virtus Investment Partners in the 2nd quarter valued at about $450,000. Finally, Farther Finance Advisors LLC increased its position in shares of 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 acquiring an additional 141 shares during the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

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Virtus Investment Partners Trading Down 6.8%

NASDAQ VRTS opened at $140.67 on Friday. The stock has a 50-day simple moving average of $164.40 and a 200 day simple moving average of $177.28. The company has a market capitalization of $950.09 million, a PE ratio of 8.32 and a beta of 1.47. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. Virtus Investment Partners has a 12 month low of $140.23 and a 12 month high of $215.06.

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. This represents a $9.60 annualized dividend and a yield of 6.8%. The ex-dividend date is Friday, January 30th. Virtus Investment Partners’s dividend payout ratio (DPR) is 48.02%.

Virtus Investment Partners Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Virtus Investment Partners (NASDAQ:VRTS)

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