Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Friday, April 25th. Analysts expect the company to announce earnings of $5.68 per share and revenue of $201.99 million for the quarter.
Virtus Investment Partners Price Performance
Shares of VRTS traded up $3.49 during mid-day trading on Wednesday, hitting $153.90. The company's stock had a trading volume of 52,264 shares, compared to its average volume of 40,402. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. Virtus Investment Partners has a 1-year low of $142.18 and a 1-year high of $252.82. The firm has a market capitalization of $1.07 billion, a P/E ratio of 9.11 and a beta of 1.36. The firm has a 50-day simple moving average of $169.90 and a 200 day simple moving average of $203.37.
Virtus Investment Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date is Wednesday, April 30th. Virtus Investment Partners's dividend payout ratio (DPR) is currently 53.25%.
Wall Street Analyst Weigh In
Several brokerages have weighed in on VRTS. Morgan Stanley lowered their target price on shares of Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating on the stock in a research report on Thursday, February 6th. Piper Sandler lowered their price target on Virtus Investment Partners from $216.00 to $211.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. TD Cowen reduced their price objective on Virtus Investment Partners from $220.00 to $158.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Barclays lowered their target price on Virtus Investment Partners from $200.00 to $149.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Finally, StockNews.com raised Virtus Investment Partners from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $179.00.
Check Out Our Latest Analysis on Virtus Investment Partners
Virtus Investment Partners Company Profile
(
Get Free Report)
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.
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