Virtus Investment Partners, Inc. (NASDAQ:VRTS - Get Free Report) shares saw unusually-strong trading volume on Monday . 98,755 shares changed hands during mid-day trading, an increase of 148% from the previous session's volume of 39,777 shares.The stock last traded at $152.79 and had previously closed at $161.76.
Analyst Ratings Changes
A number of equities analysts recently weighed in on VRTS shares. TD Cowen lowered their target price on shares of Virtus Investment Partners from $220.00 to $158.00 and set a "hold" rating for the company in a research note on Wednesday. Barclays lowered their price objective on Virtus Investment Partners from $221.00 to $200.00 and set an "underweight" rating for the company in a research report on Monday, February 3rd. Piper Sandler decreased their target price on Virtus Investment Partners from $252.00 to $216.00 and set an "overweight" rating for the company in a research note on Tuesday. StockNews.com raised Virtus Investment Partners from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, Morgan Stanley reduced their price objective on shares of Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating for the company in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $193.00.
Get Our Latest Report on Virtus Investment Partners
Virtus Investment Partners Trading Up 1.6 %
The firm has a market cap of $1.04 billion, a P/E ratio of 8.90 and a beta of 1.36. The firm has a fifty day simple moving average of $175.29 and a 200-day simple moving average of $206.16. 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 Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $2.25 per share. The ex-dividend date is Wednesday, April 30th. This represents a $9.00 dividend on an annualized basis and a yield of 5.98%. Virtus Investment Partners's dividend payout ratio (DPR) is presently 53.25%.
Institutional Investors Weigh In On Virtus Investment Partners
Several hedge funds and other institutional investors have recently made changes to their positions in VRTS. Handelsbanken Fonder AB boosted its stake in Virtus Investment Partners by 8.3% during the 4th quarter. Handelsbanken Fonder AB now owns 1,300 shares of the closed-end fund's stock valued at $287,000 after purchasing an additional 100 shares during the last quarter. Quarry LP boosted its position in shares of Virtus Investment Partners by 388.5% during the third quarter. Quarry LP now owns 127 shares of the closed-end fund's stock valued at $27,000 after buying an additional 101 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Virtus Investment Partners by 170.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund's stock worth $44,000 after buying an additional 126 shares in the last quarter. Man Group plc raised its position in Virtus Investment Partners by 0.5% in the 4th quarter. Man Group plc now owns 29,390 shares of the closed-end fund's stock valued at $6,483,000 after buying an additional 146 shares during the last quarter. Finally, KBC Group NV raised its position in Virtus Investment Partners by 61.2% in the 4th quarter. KBC Group NV now owns 395 shares of the closed-end fund's stock valued at $87,000 after buying an additional 150 shares during the last quarter. 80.52% of the stock is owned by institutional investors.
About Virtus Investment Partners
(
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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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