Virtus Investment Partners, Inc. (NASDAQ:VRTS) Receives $181.00 Average Target Price from Brokerages

Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) have been assigned a consensus recommendation of “Reduce” from the five analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $181.00.

Several equities research analysts recently issued reports on the stock. Piper Sandler dropped their price target on shares of Virtus Investment Partners from $225.00 to $218.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 23rd. TD Cowen lowered their target price on Virtus Investment Partners from $196.00 to $180.00 and set a “hold” rating for the company in a research note on Monday, October 27th. Zacks Research lowered Virtus Investment Partners from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 11th. Morgan Stanley reduced their price target on Virtus Investment Partners from $173.00 to $168.00 and set an “underweight” rating for the company in a report on Wednesday, December 17th. Finally, Barclays lowered their price objective on Virtus Investment Partners from $175.00 to $158.00 and set an “underweight” rating for the company in a research note on Friday, December 12th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its position in shares of Virtus Investment Partners by 109.4% in the 3rd quarter. Victory Capital Management Inc. now owns 229,357 shares of the closed-end fund’s stock worth $43,585,000 after purchasing an additional 119,802 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Virtus Investment Partners by 23.8% during the third quarter. American Century Companies Inc. now owns 155,881 shares of the closed-end fund’s stock worth $29,622,000 after purchasing an additional 29,919 shares during the last quarter. Geode Capital Management LLC grew its stake in Virtus Investment Partners by 0.6% in the second quarter. Geode Capital Management LLC now owns 154,982 shares of the closed-end fund’s stock worth $28,115,000 after purchasing an additional 961 shares in the last quarter. WCM Investment Management LLC increased its holdings in Virtus Investment Partners by 22.4% in the second quarter. WCM Investment Management LLC now owns 125,078 shares of the closed-end fund’s stock valued at $22,913,000 after buying an additional 22,900 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in Virtus Investment Partners by 21.6% in the second quarter. Brown Advisory Inc. now owns 101,954 shares of the closed-end fund’s stock valued at $18,494,000 after buying an additional 18,143 shares during the last quarter. 80.52% of the stock is currently owned by institutional investors.

Virtus Investment Partners Stock Performance

NASDAQ VRTS opened at $174.03 on Wednesday. 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 1-year low of $142.18 and a 1-year high of $215.90. The firm has a market capitalization of $1.18 billion, a P/E ratio of 10.30 and a beta of 1.47. The business’s 50-day simple moving average is $162.85 and its 200-day simple moving average is $182.10.

Virtus Investment Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Saturday, January 31st will be given a dividend of $2.40 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $9.60 dividend on an annualized basis and a dividend yield of 5.5%. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 49.28%.

Virtus Investment Partners Company Profile

Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.