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

Virtus Investment Partners, Inc. (NASDAQ:VRTS) declared 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 annualized dividend and a yield of 4.92%.

Virtus Investment Partners Trading Up 1.1 %

Shares of VRTS opened at $183.11 on Friday. Virtus Investment Partners has a 52-week low of $179.38 and a 52-week high of $263.39. The stock has a market cap of $1.29 billion, a PE ratio of 10.84 and a beta of 1.47. The firm’s fifty day moving average is $204.09 and its two-hundred day moving average is $214.44. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VRTS. 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 lowered their target price on Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. Barclays dropped their price target 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. Finally, Piper Sandler lowered their price objective on Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Virtus Investment Partners currently has a consensus rating of “Hold” and an average price target 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.