Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) released its quarterly earnings data on Friday. The closed-end fund reported $5.73 EPS for the quarter, topping analysts' consensus estimates of $5.68 by $0.05, RTT News reports. The business had revenue of $217.93 million during the quarter, compared to the consensus estimate of $201.99 million. Virtus Investment Partners had a return on equity of 21.56% and a net margin of 13.42%. During the same period in the prior year, the firm posted $5.41 EPS.
Virtus Investment Partners Stock Down 0.3 %
VRTS stock traded down $0.42 during mid-day trading on Wednesday, hitting $154.04. 72,503 shares of the company were exchanged, compared to its average volume of 45,349. The company has a market capitalization of $1.07 billion, a PE ratio of 9.11 and a beta of 1.36. The firm has a fifty day simple moving average of $166.77 and a 200 day simple moving average of $201.58. 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 twelve month low of $142.18 and a twelve month high of $252.82.
Virtus Investment Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $2.25 per share. The ex-dividend date is Wednesday, April 30th. This represents a $9.00 dividend on an annualized basis and a yield of 5.84%. Virtus Investment Partners's dividend payout ratio (DPR) is 53.41%.
Analyst Upgrades and Downgrades
VRTS has been the subject of a number of analyst reports. TD Cowen decreased their price target 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 set a $150.00 target price on shares of Virtus Investment Partners and gave the company an "underweight" rating in a research note on Monday. Piper Sandler dropped their price target on shares of Virtus Investment Partners from $216.00 to $211.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. StockNews.com cut shares of Virtus Investment Partners from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Morgan Stanley lowered their target price on Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating for the company in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $179.25.
Read Our Latest Research Report on VRTS
About Virtus Investment Partners
(
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.
Featured Articles
Before you consider Virtus Investment Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Virtus Investment Partners wasn't on the list.
While Virtus Investment Partners currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
