Virtus Investment Partners (NASDAQ:VRTS) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Virtus Investment Partners, Inc. (NASDAQ:VRTS)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $146.50 and traded as high as $151.75. Virtus Investment Partners shares last traded at $151.1490, with a volume of 130,054 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley raised their price target on Virtus Investment Partners from $112.00 to $119.00 and gave the stock an “underweight” rating in a research report on Friday, June 26th. Piper Sandler cut their price objective on shares of Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. Barclays reduced their price objective on shares of Virtus Investment Partners from $128.00 to $125.00 and set an “underweight” rating on the stock in a research note on Monday, May 4th. Finally, TD Cowen dropped their target price on shares of Virtus Investment Partners from $132.00 to $131.00 and set a “hold” rating for the company in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $136.25.

Virtus Investment Partners Stock Down 0.3%

The firm has a 50 day simple moving average of $143.16 and a two-hundred day simple moving average of $146.50. The stock has a market capitalization of $1.01 billion, a P/E ratio of 8.94 and a beta of 1.38. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27.

Virtus Investment Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a $2.40 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $9.60 annualized dividend and a yield of 6.4%. Virtus Investment Partners’s dividend payout ratio (DPR) is 56.50%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VRTS. International Assets Investment Management LLC bought a new stake in shares of Virtus Investment Partners during the 1st quarter valued at approximately $26,000. Assetmark Inc. bought a new position in Virtus Investment Partners in the 1st quarter valued at approximately $36,000. Aster Capital Management DIFC Ltd lifted its stake in Virtus Investment Partners by 269.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 307 shares of the closed-end fund’s stock valued at $50,000 after purchasing an additional 224 shares during the last quarter. Osaic Holdings Inc. boosted its position in Virtus Investment Partners by 90.4% in the second quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock valued at $57,000 after buying an additional 150 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Virtus Investment Partners by 24.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 499 shares of the closed-end fund’s stock valued at $81,000 after buying an additional 97 shares in the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

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.