Virtus Investment Partners (NASDAQ:VRTS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Virtus Investment Partners (NASDAQ:VRTS) from a hold rating to a buy rating in a report published on Monday morning.

Other equities analysts also recently issued research reports about the company. Barclays lowered 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. Piper Sandler lowered their price target on Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Morgan Stanley reduced their price objective on 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 research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $225.75.

Virtus Investment Partners Trading Up 2.4 %

Shares of VRTS stock opened at $181.35 on Monday. Virtus Investment Partners has a 12 month low of $175.27 and a 12 month high of $263.39. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $201.06 and its two-hundred day moving average is $213.98. The company has a market cap of $1.27 billion, a PE ratio of 10.73 and a beta of 1.47.

Virtus Investment Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be given a $2.25 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $9.00 annualized dividend and a dividend yield of 4.96%. Virtus Investment Partners’s dividend payout ratio is 53.25%.

Institutional Investors Weigh In On Virtus Investment Partners

Several hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in Virtus Investment Partners by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 276,880 shares of the closed-end fund’s stock worth $61,074,000 after purchasing an additional 21,344 shares during the period. JPMorgan Chase & Co. lifted its position in Virtus Investment Partners by 8.7% in the fourth quarter. JPMorgan Chase & Co. now owns 158,028 shares of the closed-end fund’s stock worth $34,858,000 after purchasing an additional 12,642 shares during the period. Geode Capital Management LLC lifted its position in Virtus Investment Partners by 0.5% in the third quarter. Geode Capital Management LLC now owns 151,328 shares of the closed-end fund’s stock worth $31,702,000 after purchasing an additional 821 shares during the period. WCM Investment Management LLC lifted its position in Virtus Investment Partners by 4.0% in the third quarter. WCM Investment Management LLC now owns 113,892 shares of the closed-end fund’s stock worth $23,670,000 after purchasing an additional 4,359 shares during the period. Finally, Basswood Capital Management L.L.C. lifted its position in Virtus Investment Partners by 12.4% in the third quarter. Basswood Capital Management L.L.C. now owns 110,429 shares of the closed-end fund’s stock worth $23,129,000 after purchasing an additional 12,193 shares during the period. 80.52% of the stock is owned by institutional investors.

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.