Virtus Investment Partners, Inc. Declares Quarterly Dividend of $2.25 (NASDAQ:VRTS)

Virtus Investment Partners, Inc. (NASDAQ:VRTS - Get Free Report) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Wednesday, April 30th will be given a dividend of 2.25 per share by the closed-end fund on Wednesday, May 14th. This represents a $9.00 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date is Wednesday, April 30th.

Virtus Investment Partners Trading Down 2.5 %

Virtus Investment Partners stock traded down $4.61 during trading hours on Monday, reaching $183.17. The stock had a trading volume of 51,056 shares, compared to its average volume of 38,796. The stock has a market cap of $1.29 billion, a PE ratio of 10.84 and a beta of 1.47. The company has a fifty day simple moving average of $202.73 and a 200-day simple moving average of $214.37. 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 has a 52 week low of $179.38 and a 52 week high of $263.39.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VRTS. Barclays reduced their price target on Virtus Investment Partners from $221.00 to $200.00 and set an "underweight" rating on the stock in a report on Monday, February 3rd. StockNews.com cut shares of Virtus Investment Partners from a "buy" rating to a "hold" rating in a research note on Friday, January 17th. Morgan Stanley cut their target price on Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating on the stock in a research note on Thursday, February 6th. Finally, Piper Sandler dropped their price target on shares of Virtus Investment Partners from $274.00 to $258.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Virtus Investment Partners has an average rating of "Hold" and a consensus price target of $225.75.

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Virtus Investment Partners Company Profile

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.