Virtus Investment Partners (NASDAQ:VRTS) Upgraded at StockNews.com

StockNews.com upgraded shares of Virtus Investment Partners (NASDAQ:VRTS) from a hold rating to a buy rating in a research note published on Monday.

Other equities research analysts have also issued reports about the company. Morgan Stanley lifted their target price on Virtus Investment Partners from $208.00 to $217.00 and gave the company an “underweight” rating in a research report on Friday, October 18th. Barclays raised their price target on Virtus Investment Partners from $212.00 to $239.00 and gave the company an “underweight” rating in a research note on Monday, December 9th. Finally, Piper Sandler upped their price objective on shares of Virtus Investment Partners from $264.00 to $274.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Virtus Investment Partners has an average rating of “Hold” and a consensus target price of $244.25.

Virtus Investment Partners Stock Performance

Virtus Investment Partners stock opened at $220.92 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. The company has a market capitalization of $1.55 billion, a PE ratio of 13.43 and a beta of 1.46. The company has a 50 day moving average price of $232.12 and a 200-day moving average price of $221.11. Virtus Investment Partners has a fifty-two week low of $190.42 and a fifty-two week high of $263.39.

Virtus Investment Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $9.00 dividend on an annualized basis and a yield of 4.07%. Virtus Investment Partners’s dividend payout ratio is currently 54.71%.

Institutional Investors Weigh In On Virtus Investment Partners

A number of institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its position in shares of Virtus Investment Partners by 3.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,377 shares of the closed-end fund’s stock valued at $537,000 after buying an additional 73 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Virtus Investment Partners by 2.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 3,717 shares of the closed-end fund’s stock worth $839,000 after acquiring an additional 85 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Virtus Investment Partners by 3.0% during the second quarter. Louisiana State Employees Retirement System now owns 3,400 shares of the closed-end fund’s stock valued at $768,000 after acquiring an additional 100 shares during the last quarter. Quarry LP boosted its stake in Virtus Investment Partners by 388.5% in the third quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock valued at $27,000 after acquiring an additional 101 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Virtus Investment Partners by 7.2% in the second quarter. Hsbc Holdings PLC now owns 1,852 shares of the closed-end fund’s stock valued at $412,000 after acquiring an additional 124 shares in the last quarter. Institutional investors own 80.52% of the company’s stock.

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.