Virtus Investment Partners, Inc. (VRTS) To Go Ex-Dividend on April 30th

Virtus Investment Partners, Inc. (NASDAQ:VRTS) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Wednesday, April 30th will be paid a dividend of 2.25 per share by the closed-end fund on Wednesday, May 14th. This represents a $9.00 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Wednesday, April 30th.

Virtus Investment Partners Stock Up 2.4 %

Virtus Investment Partners stock opened at $187.63 on Friday. The business has a fifty day moving average price of $203.40 and a 200-day moving average price of $214.22. Virtus Investment Partners has a 1-year low of $179.38 and a 1-year high of $263.39. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 11.10 and a beta of 1.47.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VRTS shares. Piper Sandler decreased their price target on Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Morgan Stanley reduced their price objective on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Barclays dropped their price objective on shares of Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd. Finally, StockNews.com cut shares of Virtus Investment Partners from a “buy” rating to a “hold” rating 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $225.75.

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.