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

Virtus Investment Partners, Inc. (NASDAQ:VRTS) 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 4.99%.

Virtus Investment Partners Trading Up 0.1 %

Shares of VRTS opened at $180.49 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 10.68 and a beta of 1.47. The stock has a fifty day moving average price of $204.09 and a two-hundred day moving average price of $214.44. Virtus Investment Partners has a 52-week low of $179.38 and a 52-week high of $263.39.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VRTS. Piper Sandler reduced 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 research report on Tuesday, January 21st. Barclays reduced their target price on shares of Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. Morgan Stanley lowered their price target on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating for the company in a report on Thursday, February 6th. Finally, StockNews.com downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $225.75.

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.