Virtus Investment Partners, Inc. (NASDAQ:VRTS - Get Free Report) EVP Michael Angerthal sold 14,975 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $167.34, for a total transaction of $2,505,916.50. Following the completion of the sale, the executive vice president owned 63,461 shares of the company's stock, valued at approximately $10,619,563.74. This trade represents a 19.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Virtus Investment Partners Trading Down 1.5%
Shares of Virtus Investment Partners stock opened at $166.78 on Wednesday. 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 company has a market capitalization of $1.11 billion, a P/E ratio of 9.87 and a beta of 1.38. Virtus Investment Partners, Inc. has a 1 year low of $121.61 and a 1 year high of $203.61. The company's fifty day moving average is $152.42 and its two-hundred day moving average is $145.83.
Virtus Investment Partners Announces Dividend
The business also recently declared 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. The ex-dividend date of this dividend is Friday, July 31st. This represents a $9.60 dividend on an annualized basis and a dividend yield of 5.8%. Virtus Investment Partners's dividend payout ratio (DPR) is currently 54.70%.
Analyst Ratings Changes
A number of research firms have weighed in on VRTS. Barclays decreased their price objective on Virtus Investment Partners from $141.00 to $135.00 and set an "underweight" rating for the company in a research report on Friday. TD Cowen increased their price target on Virtus Investment Partners from $136.00 to $147.00 and gave the stock a "hold" rating in a report on Monday, July 20th. Piper Sandler lowered 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 report on Monday, May 4th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $130.00 price objective on shares of Virtus Investment Partners in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $145.50.
Check Out Our Latest Report on Virtus Investment Partners
Hedge Funds Weigh In On Virtus Investment Partners
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund lifted its holdings in shares of Virtus Investment Partners by 2.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 3,446 shares of the closed-end fund's stock valued at $463,000 after buying an additional 77 shares during the period. PNC Financial Services Group Inc. raised its position in Virtus Investment Partners by 24.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 499 shares of the closed-end fund's stock worth $81,000 after acquiring an additional 97 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Virtus Investment Partners by 1.9% in the fourth quarter. New York State Teachers Retirement System now owns 5,401 shares of the closed-end fund's stock valued at $881,000 after acquiring an additional 100 shares during the period. Swiss National Bank boosted its position in shares of Virtus Investment Partners by 0.8% during the 3rd quarter. Swiss National Bank now owns 12,700 shares of the closed-end fund's stock worth $2,413,000 after purchasing an additional 100 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Virtus Investment Partners by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,952 shares of the closed-end fund's stock worth $681,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 80.52% of the company's stock.
Virtus Investment Partners Company Profile
(
Get Free Report)
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.
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