Virtus Investment Partners, Inc. (NASDAQ:VRTS) Receives $169.00 Average PT from Analysts

Virtus Investment Partners, Inc. (NASDAQ:VRTS) has been given an average recommendation of “Reduce” by the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $169.00.

Several analysts have recently commented on VRTS shares. Morgan Stanley reduced their target price on shares of Virtus Investment Partners from $168.00 to $155.00 and set an “underweight” rating for the company in a research note on Tuesday, February 3rd. TD Cowen dropped their price target on 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. Piper Sandler cut their price objective on Virtus Investment Partners from $218.00 to $206.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Zacks Research raised Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Finally, Barclays reiterated an “underweight” rating and set a $142.00 target price on shares of Virtus Investment Partners in a report on Monday, February 9th.

Virtus Investment Partners Price Performance

Shares of NASDAQ VRTS opened at $138.29 on Thursday. The stock’s 50-day moving average is $157.70 and its two-hundred day moving average is $171.51. Virtus Investment Partners has a 1-year low of $134.81 and a 1-year high of $215.06. The company has a market cap of $933.99 million, a price-to-earnings ratio of 8.18 and a beta of 1.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86.

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. This represents a $9.60 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Thursday, April 30th. Virtus Investment Partners’s dividend payout ratio (DPR) is currently 48.02%.

Institutional Investors Weigh In On Virtus Investment Partners

Hedge funds have recently modified their holdings of the company. NBT Bank N A NY raised its position in shares of Virtus Investment Partners by 1,483.3% in the third 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 during the last quarter. Aster Capital Management DIFC Ltd grew its stake in Virtus Investment Partners by 269.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 307 shares of the closed-end fund’s stock worth $50,000 after acquiring an additional 224 shares during the period. Osaic Holdings Inc. grew its stake in Virtus Investment Partners by 90.4% in the 2nd quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock worth $57,000 after acquiring an additional 150 shares during the period. Nisa Investment Advisors LLC raised its holdings in Virtus Investment Partners by 226.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 359 shares of the closed-end fund’s stock valued at $65,000 after acquiring an additional 249 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Virtus Investment Partners by 24.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 499 shares of the closed-end fund’s stock worth $81,000 after purchasing an additional 97 shares during the period. 80.52% of the stock is owned by institutional investors and hedge funds.

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.