Analysts Set Virtus Investment Partners, Inc. (NASDAQ:VRTS) PT at $169.00

Virtus Investment Partners, Inc. (NASDAQ:VRTS) has been assigned an average recommendation of “Reduce” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $169.00.

A number of analysts have recently issued reports on the stock. Barclays reiterated an “underweight” rating and set a $142.00 price objective on shares of Virtus Investment Partners in a research note on Monday, February 9th. Zacks Research raised shares of Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. TD Cowen decreased their price objective on shares of Virtus Investment Partners from $180.00 to $173.00 and set a “hold” rating for the company in a research report on Wednesday, January 14th. Piper Sandler cut their price target on Virtus Investment Partners from $218.00 to $206.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Finally, Morgan Stanley lowered their price objective on Virtus Investment Partners from $168.00 to $155.00 and set an “underweight” rating for the company in a research note on Tuesday, February 3rd.

Hedge Funds Weigh In On Virtus Investment Partners

A number of hedge funds have recently bought and sold shares of VRTS. Alpine Woods Capital Investors LLC acquired a new stake in Virtus Investment Partners during the fourth quarter valued at approximately $666,000. Mercer Global Advisors Inc. ADV raised its position in shares of Virtus Investment Partners by 7.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,077 shares of the closed-end fund’s stock valued at $339,000 after acquiring an additional 147 shares in the last quarter. Caitlin John LLC acquired a new stake in shares of Virtus Investment Partners during the 4th quarter valued at approximately $266,000. Vident Advisory LLC boosted its holdings in Virtus Investment Partners by 18.3% in the fourth quarter. Vident Advisory LLC now owns 4,008 shares of the closed-end fund’s stock worth $654,000 after purchasing an additional 621 shares during the period. Finally, Zimmer Partners LP acquired a new position in Virtus Investment Partners in the fourth quarter worth $4,079,000. 80.52% of the stock is currently owned by institutional investors and hedge funds.

Virtus Investment Partners Trading Up 1.1%

Shares of VRTS opened at $141.23 on Thursday. Virtus Investment Partners has a 12 month low of $134.81 and a 12 month high of $215.06. The stock’s 50-day moving average is $156.20 and its two-hundred day moving average is $170.33. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. The stock has a market cap of $945.53 million, a PE ratio of 8.36 and a beta of 1.47.

Virtus Investment Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Thursday, April 30th will be paid a dividend of $2.40 per share. This represents a $9.60 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Thursday, April 30th. Virtus Investment Partners’s dividend payout ratio is 48.02%.

About Virtus Investment Partners

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.