Virtus Investment Partners (NASDAQ:VRTS) Shares Cross Above 200 Day Moving Average – What’s Next?

Virtus Investment Partners, Inc. (NASDAQ:VRTS)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $146.05 and traded as high as $160.36. Virtus Investment Partners shares last traded at $159.89, with a volume of 324,036 shares.

Wall Street Analyst Weigh In

Several research analysts have commented on VRTS shares. Morgan Stanley reaffirmed an “underweight” rating and issued a $130.00 price target on shares of Virtus Investment Partners in a research report on Wednesday. Piper Sandler cut their target price on shares of Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Barclays decreased their price target on shares of Virtus Investment Partners from $141.00 to $135.00 and set an “underweight” rating on the stock in a research report on Friday. Finally, TD Cowen lifted their target price on Virtus Investment Partners from $136.00 to $147.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. 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 stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $145.50.

Virtus Investment Partners Stock Down 2.2%

The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.46 and a beta of 1.38. The firm has a 50 day simple moving average of $151.44 and a 200-day simple moving average of $146.05. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be given a $2.40 dividend. The ex-dividend date is Friday, July 31st. This represents a $9.60 dividend on an annualized basis and a yield of 6.0%. Virtus Investment Partners’s payout ratio is 54.70%.

Institutional Investors Weigh In On Virtus Investment Partners

Large investors have recently bought and sold shares of the business. Illinois Municipal Retirement Fund grew its holdings in shares of Virtus Investment Partners by 2.3% during the first quarter. Illinois Municipal Retirement Fund now owns 3,446 shares of the closed-end fund’s stock worth $463,000 after purchasing an additional 77 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Virtus Investment Partners by 24.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 499 shares of the closed-end fund’s stock valued at $81,000 after purchasing an additional 97 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Virtus Investment Partners by 1.9% in the fourth quarter. New York State Teachers Retirement System now owns 5,401 shares of the closed-end fund’s stock valued at $881,000 after purchasing an additional 100 shares in the last quarter. Swiss National Bank raised its position in Virtus Investment Partners by 0.8% in the 3rd quarter. Swiss National Bank now owns 12,700 shares of the closed-end fund’s stock worth $2,413,000 after purchasing an additional 100 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Virtus Investment Partners by 2.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,952 shares of the closed-end fund’s stock valued at $681,000 after buying an additional 103 shares during the last quarter. 80.52% of the stock is currently owned by institutional investors.

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.