Virtus Investment Partners, Inc. (VRTS) to Issue Quarterly Dividend of $2.40 on May 13th

Virtus Investment Partners, Inc. (NASDAQ:VRTS) announced a quarterly dividend on Wednesday, February 25th. Shareholders of record on Thursday, April 30th will be paid a dividend of 2.40 per share by the closed-end fund on Wednesday, May 13th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, April 30th.

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

Virtus Investment Partners Stock Performance

Shares of NASDAQ VRTS traded down $3.01 during trading hours on Friday, reaching $139.44. The stock had a trading volume of 5,378 shares, compared to its average volume of 94,979. The company has a market cap of $941.78 million, a price-to-earnings ratio of 8.22 and a beta of 1.47. Virtus Investment Partners has a twelve month low of $134.81 and a twelve month high of $215.06. The business’s fifty day moving average is $158.17 and its two-hundred day moving average is $172.03. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TD Cowen reduced 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 report on Wednesday, January 14th. Morgan Stanley dropped their price target on shares of Virtus Investment Partners from $168.00 to $155.00 and set an “underweight” rating for the company in a research report on Tuesday, February 3rd. Barclays restated an “underweight” rating and set a $142.00 price target on shares of Virtus Investment Partners in a research note on Monday, February 9th. Piper Sandler lowered their price objective on Virtus Investment Partners from $218.00 to $206.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Finally, Zacks Research upgraded Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Virtus Investment Partners presently has a consensus rating of “Reduce” and an average price target of $169.00.

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.