Virtus Investment Partners Company Profile (NASDAQ:VRTS)

About Virtus Investment Partners (NASDAQ:VRTS)

Virtus Investment Partners logoVirtus Investment Partners, Inc. (Virtus) is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts. Its open-end mutual funds are distributed through intermediaries. Its closed-end funds trade on the New York Stock Exchange. Its variable insurance funds are available as investment options in variable annuities and life insurance products distributed by life insurance companies. Separately managed accounts consists of intermediary programs, sponsored and distributed by unaffiliated brokerage firms, and private client accounts, which are offered to the high net-worth clients of its affiliated managers.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Investment Management
  • Sub-Industry: Asset Management & Custody Banks
  • Symbol: NASDAQ:VRTS
  • CUSIP: 92828Q10
  • Web: www.virtus.com
Capitalization:
  • Market Cap: $869.65 million
  • Outstanding Shares: 7,217,000
Average Prices:
  • 50 Day Moving Avg: $115.43
  • 200 Day Moving Avg: $110.21
  • 52 Week Range: $92.80 - $128.10
P/E:
  • Trailing P/E Ratio: 24.18
  • Foreward P/E Ratio: 11.67
  • P/E Growth: 0.62
Sales & Book Value:
  • Annual Revenue: $336.08 million
  • Price / Sales: 2.59
  • Book Value: $64.11 per share
  • Price / Book: 1.88
Dividend:
  • Annual Dividend: $1.80
  • Dividend Yield: 1.5%
Profitability:
  • EBITDA: $73.41 million
  • Net Margins: 12.13%
  • Return on Equity: 11.35%
  • Return on Assets: 3.84%
Debt:
  • Debt-to-Equity Ratio: 0.52%
  • Current Ratio: 19.32%
  • Quick Ratio: 19.32%
Misc:
  • Average Volume: 56,485 shs.
  • Beta: 1.76
  • Short Ratio: 11.55
 

Frequently Asked Questions for Virtus Investment Partners (NASDAQ:VRTS)

What is Virtus Investment Partners' stock symbol?

Virtus Investment Partners trades on the NASDAQ under the ticker symbol "VRTS."

How often does Virtus Investment Partners pay dividends? What is the dividend yield for Virtus Investment Partners?

Virtus Investment Partners declared a quarterly dividend on Friday, August 18th. Stockholders of record on Tuesday, October 31st will be paid a dividend of $0.45 per share on Wednesday, November 15th. This represents a $1.80 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Monday, October 30th. View Virtus Investment Partners' Dividend History.

How were Virtus Investment Partners' earnings last quarter?

Virtus Investment Partners, Inc. (NASDAQ:VRTS) posted its quarterly earnings data on Friday, July, 28th. The company reported $1.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.66 by $0.05. The company had revenue of $94.10 million for the quarter, compared to the consensus estimate of $91.78 million. Virtus Investment Partners had a net margin of 12.13% and a return on equity of 11.35%. The company's revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 EPS. View Virtus Investment Partners' Earnings History.

When will Virtus Investment Partners make its next earnings announcement?

Virtus Investment Partners is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Virtus Investment Partners.

Where is Virtus Investment Partners' stock going? Where will Virtus Investment Partners' stock price be in 2017?

5 brokers have issued twelve-month price targets for Virtus Investment Partners' shares. Their forecasts range from $116.00 to $147.00. On average, they expect Virtus Investment Partners' stock price to reach $128.20 in the next twelve months. View Analyst Ratings for Virtus Investment Partners.

What are analysts saying about Virtus Investment Partners stock?

Here are some recent quotes from research analysts about Virtus Investment Partners stock:

  • 1. According to Zacks Investment Research, "Virtus Investment Partners, Inc., headquartered in Hartford, Connecticut, provides investment management products and services to individuals and institutions in the United States. . It operates a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand. Investors have an array of needs and Virtus Investment Partners offers a variety of investment styles and multiple disciplines to meet those needs. The Company provides its products in a number of forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds and separately managed accounts. The Company manages institutional accounts for corporations, multi-employer retirement funds and foundations, endowments, special purpose funds and other types of institutions. " (10/12/2017)
  • 2. Credit Suisse Group analysts commented, "attractive" (8/8/2017)

Who are some of Virtus Investment Partners' key competitors?

Who are Virtus Investment Partners' key executives?

Virtus Investment Partners' management team includes the folowing people:

  • George R. Aylward CPA, President, Chief Executive Officer, Director
  • Michael A. Angerthal, Chief Financial Officer, Executive Vice President, Treasurer
  • Mark S. Flynn, Executive Vice President, General Counsel, Corporate Secretary
  • Mardelle Pena, Executive Vice President - Human Resources
  • W. Patrick Bradley III, Executive Vice President - Fund Services
  • Barry M. Mandinach, Executive Vice President - Head of Distribution
  • Francis G. Waltman, Executive Vice President, Head - Product Management
  • Mark C. Treanor, Non-Executive Independent Chairman of the Board
  • James R. Baio, Independent Director
  • Susan S. Fleming Ph.D., Independent Director

Who owns Virtus Investment Partners stock?

Virtus Investment Partners' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Nationwide Fund Advisors (0.10%). Company insiders that own Virtus Investment Partners stock include Of Montreal /Can/ Bank and William Patrick Bradley III. View Institutional Ownership Trends for Virtus Investment Partners.

Who sold Virtus Investment Partners stock? Who is selling Virtus Investment Partners stock?

Virtus Investment Partners' stock was sold by a variety of institutional investors in the last quarter, including Nationwide Fund Advisors. View Insider Buying and Selling for Virtus Investment Partners.

How do I buy Virtus Investment Partners stock?

Shares of Virtus Investment Partners can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Virtus Investment Partners' stock price today?

One share of Virtus Investment Partners stock can currently be purchased for approximately $120.50.


MarketBeat Community Rating for Virtus Investment Partners (NASDAQ VRTS)
Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  102 (Vote Outperform)
Underperform Votes:  242 (Vote Underperform)
Total Votes:  344
MarketBeat's community ratings are surveys of what our community members think about Virtus Investment Partners and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Virtus Investment Partners (NASDAQ:VRTS) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 5 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $128.20 (6.39% upside)
Consensus Price Target History for Virtus Investment Partners (NASDAQ:VRTS)
Price Target History for Virtus Investment Partners (NASDAQ:VRTS)
Analysts' Ratings History for Virtus Investment Partners (NASDAQ:VRTS)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/23/2017Morgan StanleySet Price TargetNeutral -> Hold$122.00 -> $121.00N/AView Rating Details
10/10/2017Jefferies Group LLCReiterated RatingHold$117.00 -> $127.00N/AView Rating Details
10/10/2017Barclays PLCBoost Price TargetEqual Weight$113.00 -> $116.00N/AView Rating Details
10/9/2017Bank of America CorporationUpgradeUnderperform -> Neutral$112.00 -> $130.00N/AView Rating Details
8/8/2017Credit Suisse GroupBoost Price TargetOutperform -> Neutral$141.00 -> $147.00LowView Rating Details
4/12/2016Sandler O'NeillLower Price Target$91.00 -> $71.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for Virtus Investment Partners (NASDAQ:VRTS)
Earnings by Quarter for Virtus Investment Partners (NASDAQ:VRTS)
Earnings History by Quarter for Virtus Investment Partners (NASDAQ VRTS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2017$2.35N/AView Earnings Details
7/28/2017Q2 2017$1.66$1.61$91.78 million$94.10 millionViewN/AView Earnings Details
4/28/2017Q1 2017$1.62$1.16$80.67 million$79.78 millionViewN/AView Earnings Details
1/25/2017Q416$1.80$1.75$81.07 million$79.90 millionViewN/AView Earnings Details
10/28/2016Q316$1.48$1.64$80.77 million$82.30 millionViewListenView Earnings Details
7/29/2016Q216$1.32$1.24$78.86 million$80.10 millionViewListenView Earnings Details
4/29/2016Q1$1.08$1.12$81.08 million$80.30 millionViewListenView Earnings Details
1/29/2016Q415$1.51$1.37$85.95 million$86.10 millionViewListenView Earnings Details
10/30/2015Q315$2.00$1.74$92.81 million$92.40 millionViewListenView Earnings Details
7/31/2015Q215$2.11$2.21$91.11 million$99.70 millionViewListenView Earnings Details
5/11/2015Q115$2.36$2.11$104.85 million$103.80 millionViewListenView Earnings Details
1/29/2015Q414$2.42$2.05$112.00 million$112.14 millionViewN/AView Earnings Details
10/28/2014Q314$2.53$2.35$117.61 million$117.80 millionViewN/AView Earnings Details
7/28/2014Q214$2.57$2.10$113.53 million$112.70 millionViewN/AView Earnings Details
4/29/2014Q1$2.37$2.34$108.86 million$107.87 millionViewListenView Earnings Details
1/29/2014Q413$2.44$2.65$105.10 million$80.00 millionViewListenView Earnings Details
10/29/2013Q313$2.29$2.56$98.14 million$100.41 millionViewN/AView Earnings Details
7/30/2013Q2 2013$2.01$1.91$94.14 million$96.14 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Virtus Investment Partners (NASDAQ:VRTS)
2017 EPS Consensus Estimate: $8.22
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$1.60$1.60$1.60
Q2 20171$1.66$1.66$1.66
Q3 20171$2.40$2.40$2.40
Q4 20171$2.56$2.56$2.56
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Virtus Investment Partners (NASDAQ:VRTS)
Next Dividend:11/15/2017
Annual Dividend:$1.80
Dividend Yield:1.49%
Payout Ratio:35.02% (Trailing 12 Months of Earnings)
23.59% (Based on This Year's Estimates)
17.42% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Virtus Investment Partners (NASDAQ:VRTS)

Dividend History by Quarter for Virtus Investment Partners (NASDAQ VRTS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/18/2017quarterly$0.451.7%10/30/201710/31/201711/15/2017
5/23/2017quarterly$0.451.73%7/27/20177/31/20178/14/2017
2/17/2017quarterly$0.451.62%4/26/20174/28/20175/10/2017
12/8/2016Quarterly$0.451/27/20171/31/20172/10/2017
8/18/2016Quarterly$0.4510/27/201610/31/201611/11/2016
5/26/2016Quarterly$0.457/27/20167/29/20168/12/2016
2/18/2016Quarterly$0.454/27/20164/29/20165/13/2016
12/17/2015Quarterly$0.451/27/20161/29/20162/12/2016
8/17/2015Quarterly$0.4510/28/201510/31/201511/13/2015
5/29/2015quarterly$0.451.45%7/29/20157/31/20158/14/2015
2/20/2015quarterly$0.451.24%4/28/20154/30/20155/13/2015
12/10/2014quarterly$0.451.13%1/28/20151/30/20152/13/2015
8/14/2014quarterly$0.450.87%10/29/201410/31/201411/14/2014
5/15/2014quarterly$0.457/29/20147/31/20148/14/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Virtus Investment Partners (NASDAQ:VRTS)
Insider Ownership Percentage: 4.00%
Institutional Ownership Percentage: 95.86%
Insider Trades by Quarter for Virtus Investment Partners (NASDAQ:VRTS)
Institutional Ownership by Quarter for Virtus Investment Partners (NASDAQ:VRTS)
Insider Trades by Quarter for Virtus Investment Partners (NASDAQ:VRTS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/27/2016Of Montreal /Can/ BankMajor ShareholderSell1,727,746$93.50$161,544,251.00View SEC Filing  
12/1/2015William Patrick Bradley IIISVPSell210$140.00$29,400.00View SEC Filing  
9/5/2014Michael A AngerthalCFOBuy135$179.77$24,268.95View SEC Filing  
12/17/2013Francis WaltmanEVPSell3,000$203.73$611,190.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Virtus Investment Partners (NASDAQ:VRTS)
Latest Headlines for Virtus Investment Partners (NASDAQ:VRTS)
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Chart

Virtus Investment Partners (VRTS) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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