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

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 yield of 3.70%.

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

Virtus Investment Partners Stock Down 0.5 %

Shares of NASDAQ VRTS opened at $242.95 on Friday. The company has a market capitalization of $1.71 billion, a P/E ratio of 9.78 and a beta of 1.46. 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 company has a 50 day simple moving average of $230.17 and a 200-day simple moving average of $221.01. Virtus Investment Partners has a 1 year low of $190.42 and a 1 year high of $263.39.

Analyst Upgrades and Downgrades

A number of research firms have commented on VRTS. 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. StockNews.com cut shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. Barclays lifted their price target on shares of Virtus Investment Partners from $212.00 to $239.00 and gave the company an “underweight” rating in a research report on Monday. 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 report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Virtus Investment Partners currently has a consensus rating of “Hold” and a consensus target price of $244.25.

About Virtus Investment Partners

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.