Virtus Investment Partners, Inc. Declares Quarterly Dividend of $2.25 (NASDAQ:VRTS)

Virtus Investment Partners, Inc. (NASDAQ:VRTS) declared a quarterly dividend on Thursday, December 12th,RTT News reports. Shareholders of record on Friday, January 31st will be paid a dividend of 2.25 per share by the closed-end fund on Wednesday, February 12th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Friday, January 31st.

Virtus Investment Partners has raised its dividend payment by an average of 34.3% annually over the last three years.

Virtus Investment Partners Trading Up 0.9 %

NASDAQ VRTS opened at $212.19 on Wednesday. Virtus Investment Partners has a one year low of $190.42 and a one year high of $263.39. 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 50-day simple moving average of $226.72 and a 200-day simple moving average of $219.60. The firm has a market capitalization of $1.49 billion, a PE ratio of 8.37 and a beta of 1.48.

Analyst Ratings Changes

Several brokerages have commented on VRTS. Piper Sandler decreased their target price on shares of Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Barclays dropped their price objective on Virtus Investment Partners from $239.00 to $221.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Morgan Stanley lifted their price objective on Virtus Investment Partners from $224.00 to $228.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Finally, StockNews.com downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Virtus Investment Partners presently has an average rating of “Hold” and a consensus target price of $238.50.

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.