Virtus Investment Partners (NASDAQ:VRTS) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Virtus Investment Partners, Inc. (NASDAQ:VRTS)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $148.80 and traded as high as $149.86. Virtus Investment Partners shares last traded at $146.3130, with a volume of 95,050 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VRTS shares. TD Cowen cut their price target on shares of Virtus Investment Partners from $132.00 to $131.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Morgan Stanley cut their price target on shares of Virtus Investment Partners from $128.00 to $112.00 and set an “underweight” rating on the stock in a report on Tuesday, May 19th. Barclays dropped their price objective on shares of Virtus Investment Partners from $128.00 to $125.00 and set an “underweight” rating on the stock in a research note on Monday, May 4th. Finally, Piper Sandler dropped their price objective on shares of Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $134.50.

Virtus Investment Partners Trading Down 1.7%

The company’s 50 day moving average price is $139.81 and its 200 day moving average price is $148.80. The company has a market cap of $977.66 million, a price-to-earnings ratio of 8.66 and a beta of 1.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86.

Virtus Investment Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a dividend of $2.40 per share. This represents a $9.60 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, July 31st. Virtus Investment Partners’s dividend payout ratio is currently 56.50%.

Insider Activity

In other news, Director W Howard Morris acquired 2,150 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average cost of $129.34 per share, with a total value of $278,081.00. Following the acquisition, the director owned 2,000 shares in the company, valued at approximately $258,680. This represents a -1,433.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.40% of the company’s stock.

Institutional Trading of Virtus Investment Partners

Several large investors have recently modified their holdings of VRTS. International Assets Investment Management LLC bought a new stake in shares of Virtus Investment Partners during the 1st quarter worth $26,000. Assetmark Inc. acquired a new stake in Virtus Investment Partners in the 1st quarter worth $36,000. Aster Capital Management DIFC Ltd grew its position in Virtus Investment Partners by 269.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 307 shares of the closed-end fund’s stock worth $50,000 after purchasing an additional 224 shares during the last quarter. Osaic Holdings Inc. grew its position in Virtus Investment Partners by 90.4% in the 2nd quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock worth $57,000 after purchasing an additional 150 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Virtus Investment Partners by 24.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 499 shares of the closed-end fund’s stock worth $81,000 after purchasing an additional 97 shares during the last quarter. 80.52% of the stock is owned by institutional investors.

About Virtus Investment Partners

Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.