Virtus Investment Partners, Inc. (VRTS) to Distribute Quarterly Dividend of $2.45 on November 13th

Virtus Investment Partners, Inc. (NASDAQ:VRTS) announced a quarterly dividend on Wednesday, August 19th. Investors of record on Friday, October 30th will be given a dividend of 2.45 per share by the closed-end fund on Friday, November 13th. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, October 30th. This is a 2.1% increase from Virtus Investment Partners’s previous quarterly dividend of $2.40.

Virtus Investment Partners has increased its dividend payment by an average of 0.3%annually over the last three years.

Virtus Investment Partners Stock Up 0.8%

VRTS opened at $168.02 on Friday. The company has a fifty day moving average of $157.80 and a two-hundred day moving average of $145.79. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.94 and a beta of 1.37. Virtus Investment Partners has a fifty-two week low of $121.61 and a fifty-two week high of $203.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. TD Cowen lifted their price target on Virtus Investment Partners from $136.00 to $147.00 and gave the company a “hold” rating in a research note on Monday, July 20th. Piper Sandler dropped their price objective on Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Morgan Stanley restated an “underweight” rating and issued a $130.00 price objective on shares of Virtus Investment Partners in a research report on Wednesday, July 29th. Finally, Barclays decreased their target price on Virtus Investment Partners from $141.00 to $135.00 and set an “underweight” rating on the stock in a research report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Virtus Investment Partners currently has a consensus rating of “Reduce” and a consensus target price of $145.50.

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.