Barclays Lowers Price Target for Virtus Investment Partners

On January 20, 2025, Barclays announced a reduction in the price target for Virtus Investment Partners (NASDAQ:VRTS) from $239.00 to $221.00. According to a research report shared by Benzinga, Barclays currently holds an underweight rating on the stock of the closed-end fund.

Other analysts have also provided insights regarding Virtus Investment Partners recently. For instance, Piper Sandler increased their price target for the company from $264.00 to $274.00 and assigned an "overweight" rating in a note published on November 27. Meanwhile, StockNews.com upgraded Virtus from a "hold" rating to a "buy" rating on December 16. Additionally, Morgan Stanley raised its price target from $224.00 to $228.00 while maintaining an "underweight" rating on December 20.

Overall, there is a mix of ratings for Virtus Investment Partners' stock, with two analysts giving sell ratings, two indicating a hold, and one suggesting a buy. Market data highlights that the stock currently enjoys a consensus rating of "Hold" and an average price target of $242.50.

Current Trading Status of Virtus Investment Partners

As of the last trading session on Friday, January 20, 2025, Virtus Investment Partners shares opened at $209.10. The stock has recorded a 50-day simple moving average of $230.80 and a 200-day simple moving average of $220.38. Over the past year, the stock reached a low of $190.42 and a high of $263.39. It currently has a market capitalization of $1.47 billion, a price-to-earnings ratio of 12.71, and a beta value of 1.48.

Dividend Information from Virtus Investment Partners

The company recently announced its quarterly dividend, scheduled to be paid on Wednesday, February 12th. Investors on record by Friday, January 31st, will receive a dividend payout of $2.25. The ex-dividend date is set for the same day, January 31st. This equates to an annual dividend of $9.00, yielding approximately 4.30%. Presently, Virtus Investment Partners maintains a payout ratio of 54.71%.

Institutional Investor Insights

Several hedge funds and institutional investors have made recent adjustments to their stakes in Virtus Investment Partners. Dimensional Fund Advisors LP increased its holdings by 2.6% in the second quarter, now owning 328,067 shares valued at $74,092,000 after adding 8,393 shares. HSBC Holdings PLC also raised its stake by 7.2%, owning 1,852 shares worth $412,000 after acquiring 124 additional shares. XTX Topco Ltd significantly increased its holdings by 124.4%, acquiring an additional 1,526 shares, bringing their total to 2,753 shares valued at $622,000. Furthermore, Sei Investments Co. grew its stake by 7.7%, now holding 2,424 shares valued at $548,000. Approximately 80.52% of Virtus Investment Partners' shares are held by hedge funds and institutional investors.

Company Overview of Virtus Investment Partners

Virtus Investment Partners, Inc. is publicly recognized as an investment manager. The firm primarily serves individual and institutional clients by offering diverse investment solutions, including tailored equity and fixed-income portfolios. They also launch various mutual funds focusing on equity, fixed income, and balanced investments.

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