Virtus Investment Partners, Inc. (VRTS) To Go Ex-Dividend on July 31st

Virtus Investment Partners, Inc. (NASDAQ:VRTS) declared a quarterly dividend on Thursday, May 21st. Investors of record on Friday, July 31st will be given a dividend of 2.40 per share by the closed-end fund on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, July 31st.

Virtus Investment Partners has raised its dividend by an average of 0.3%per year over the last three years.

Virtus Investment Partners Price Performance

NASDAQ:VRTS opened at $171.28 on Wednesday. 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 firm has a market cap of $1.14 billion, a price-to-earnings ratio of 10.13 and a beta of 1.38. Virtus Investment Partners has a 52 week low of $121.61 and a 52 week high of $203.61. The firm’s 50-day simple moving average is $150.03 and its 200 day simple moving average is $146.03.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VRTS. Piper Sandler dropped their price target on shares of Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. Barclays increased their price target on Virtus Investment Partners from $125.00 to $141.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 14th. TD Cowen raised their price objective on Virtus Investment Partners from $136.00 to $147.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Finally, Morgan Stanley lifted their price objective on Virtus Investment Partners from $112.00 to $119.00 and gave the company an “underweight” rating in a report on Friday, June 26th. One investment 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. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $144.25.

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.