Shares of Virtus Investment Partners Inc (NASDAQ:VRTS) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given 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 $143.00.

A number of research firms have recently weighed in on VRTS. Zacks Investment Research raised shares of Virtus Investment Partners from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Saturday, June 30th. Credit Suisse Group raised their price target on shares of Virtus Investment Partners from $174.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 30th. Morgan Stanley raised their price target on shares of Virtus Investment Partners from $145.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 9th. BidaskClub raised shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Finally, Sandler O’Neill set a $140.00 price target on shares of Virtus Investment Partners and gave the stock a “hold” rating in a research report on Friday, July 13th.

Shares of VRTS stock traded down $0.18 during mid-day trading on Wednesday, reaching $108.51. 25,444 shares of the company were exchanged, compared to its average volume of 52,433. Virtus Investment Partners has a fifty-two week low of $105.27 and a fifty-two week high of $138.02. The company has a current ratio of 27.62, a quick ratio of 27.62 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $778.89 million, a P/E ratio of 14.13, a PEG ratio of 0.35 and a beta of 1.54.

Virtus Investment Partners (NASDAQ:VRTS) last released its quarterly earnings results on Friday, July 27th. The closed-end fund reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.05). Virtus Investment Partners had a return on equity of 17.39% and a net margin of 13.76%. The company had revenue of $132.93 million for the quarter, compared to analyst estimates of $134.07 million. During the same period in the previous year, the business posted $1.61 EPS. The firm’s quarterly revenue was up 41.2% compared to the same quarter last year. On average, research analysts predict that Virtus Investment Partners will post 12.4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Tuesday, October 30th. This is an increase from Virtus Investment Partners’s previous quarterly dividend of $0.45. Virtus Investment Partners’s payout ratio is currently 23.44%.

A number of institutional investors have recently added to or reduced their stakes in VRTS. Wells Fargo & Company MN boosted its holdings in Virtus Investment Partners by 63.1% in the first quarter. Wells Fargo & Company MN now owns 9,027 shares of the closed-end fund’s stock worth $1,118,000 after purchasing an additional 3,492 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Virtus Investment Partners by 8.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 33,303 shares of the closed-end fund’s stock worth $4,123,000 after purchasing an additional 2,686 shares during the period. Northern Trust Corp boosted its holdings in Virtus Investment Partners by 1.2% in the first quarter. Northern Trust Corp now owns 89,072 shares of the closed-end fund’s stock worth $11,027,000 after purchasing an additional 1,028 shares during the period. GSA Capital Partners LLP acquired a new position in Virtus Investment Partners in the first quarter worth $206,000. Finally, Principal Financial Group Inc. boosted its holdings in Virtus Investment Partners by 2.6% in the first quarter. Principal Financial Group Inc. now owns 54,963 shares of the closed-end fund’s stock worth $6,804,000 after purchasing an additional 1,398 shares during the period. 97.48% of the stock is owned by hedge funds and other institutional investors.

About Virtus Investment Partners

Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.

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Analyst Recommendations for Virtus Investment Partners (NASDAQ:VRTS)

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