Virtus Investment Partners, Inc. (VRTS) To Go Ex-Dividend on January 31st

Virtus Investment Partners, Inc. (NASDAQ:VRTS) declared a quarterly dividend on Thursday, December 12th,RTT News reports. Investors of record on Friday, January 31st will be given 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 yield of 4.24%. The ex-dividend date is Friday, January 31st.

Virtus Investment Partners has increased its dividend by an average of 34.3% per year over the last three years.

Virtus Investment Partners Price Performance

Shares of VRTS stock opened at $212.19 on Wednesday. The firm has a market cap of $1.49 billion, a P/E ratio of 8.37 and a beta of 1.48. 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 business’s 50 day moving average price is $226.72 and its 200-day moving average price is $219.60. Virtus Investment Partners has a fifty-two week low of $190.42 and a fifty-two week high of $263.39.

Analysts Set New Price Targets

Several research analysts have recently commented on VRTS shares. Morgan Stanley raised their price objective on Virtus Investment Partners from $224.00 to $228.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. StockNews.com lowered shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Piper Sandler reduced their price objective on Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Barclays cut their target price 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. 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.