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NASDAQ:VRTS

Virtus Investment Partners (VRTS) Stock Price, News & Analysis

$234.40
-2.60 (-1.10%)
(As of 05/22/2024 ET)
Today's Range
$232.71
$235.89
50-Day Range
$218.58
$247.98
52-Week Range
$168.78
$263.39
Volume
45,586 shs
Average Volume
44,923 shs
Market Capitalization
$1.67 billion
P/E Ratio
14.12
Dividend Yield
3.24%
Price Target
$246.33

Virtus Investment Partners MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.1% Upside
$246.33 Price Target
Short Interest
N/A
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.40
Upright™ Environmental Score
News Sentiment
0.59mentions of Virtus Investment Partners in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$1.86 M Sold Last Quarter
Proj. Earnings Growth
8.85%
From $26.43 to $28.77 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.39 out of 5 stars

Finance Sector

530th out of 821 stocks

Investment Advice Industry

32nd out of 44 stocks

VRTS stock logo

About Virtus Investment Partners Stock (NASDAQ:VRTS)

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. It invests in the public equity, fixed income, and real estate markets. The firm also invests in exchange traded funds. It employs a multi manager approach for its products. The firm employs quantitative analysis to make its investments. It benchmarks the performance of its portfolios against the S&P 500 Index. The firm conducts in-house research to make its investments. Virtus Investment Partners, Inc. was founded in 1988 and is based in Hartford, Connecticut.

VRTS Stock Price History

VRTS Stock News Headlines

VRTS Stock Earnings: Virtus Inv Meets EPS, Beats Revenue for Q1 2024
VRTS Virtus Investment Partners, Inc.
Virtus Investment Partners Inc (VIP.DU)
See More Headlines
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Company Calendar

Last Earnings
4/26/2024
Ex-Dividend for 5/15 Dividend
4/29/2024
Dividend Payable
5/15/2024
Today
5/23/2024
Next Earnings (Estimated)
7/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investment advice
Sub-Industry
Asset Management & Custody Banks
Current Symbol
NASDAQ:VRTS
CUSIP
92828Q10
Employees
824
Year Founded
2008

Price Target and Rating

Average Stock Price Target
$246.33
High Stock Price Target
$265.00
Low Stock Price Target
$224.00
Potential Upside/Downside
+5.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$130.62 million
Pretax Margin
21.84%

Debt

Sales & Book Value

Annual Sales
$865.56 million
Cash Flow
$32.65 per share
Book Value
$122.90 per share

Miscellaneous

Free Float
6,693,000
Market Cap
$1.67 billion
Optionable
Not Optionable
Beta
1.50

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Key Executives


VRTS Stock Analysis - Frequently Asked Questions

Should I buy or sell Virtus Investment Partners stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Virtus Investment Partners in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" VRTS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VRTS, but not buy additional shares or sell existing shares.
View VRTS analyst ratings
or view top-rated stocks.

What is Virtus Investment Partners' stock price target for 2024?

3 Wall Street analysts have issued 1 year price objectives for Virtus Investment Partners' shares. Their VRTS share price targets range from $224.00 to $265.00. On average, they expect the company's share price to reach $246.33 in the next year. This suggests a possible upside of 5.1% from the stock's current price.
View analysts price targets for VRTS
or view top-rated stocks among Wall Street analysts.

How have VRTS shares performed in 2024?

Virtus Investment Partners' stock was trading at $241.76 at the start of the year. Since then, VRTS shares have decreased by 3.0% and is now trading at $234.40.
View the best growth stocks for 2024 here
.

When is Virtus Investment Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 26th 2024.
View our VRTS earnings forecast
.

How were Virtus Investment Partners' earnings last quarter?

Virtus Investment Partners, Inc. (NASDAQ:VRTS) issued its quarterly earnings data on Friday, April, 26th. The closed-end fund reported $5.41 EPS for the quarter, meeting the consensus estimate of $5.41. The closed-end fund had revenue of $200.24 million for the quarter, compared to analyst estimates of $203.54 million. Virtus Investment Partners had a trailing twelve-month return on equity of 19.61% and a net margin of 14.02%.

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

Virtus Investment Partners announced a quarterly dividend on Friday, May 17th. Investors of record on Wednesday, July 31st will be paid a dividend of $1.90 per share on Thursday, August 15th. This represents a $7.60 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Wednesday, July 31st.
Read our dividend analysis for VRTS
.

Is Virtus Investment Partners a good dividend stock?

Virtus Investment Partners (NASDAQ:VRTS) pays an annual dividend of $7.60 per share and currently has a dividend yield of 3.26%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 45.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VRTS will have a dividend payout ratio of 26.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VRTS.

What ETFs hold Virtus Investment Partners' stock?
What is George R. Aylward's approval rating as Virtus Investment Partners' CEO?

8 employees have rated Virtus Investment Partners Chief Executive Officer George R. Aylward on Glassdoor.com. George R. Aylward has an approval rating of 62% among the company's employees. This puts George R. Aylward in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Virtus Investment Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Virtus Investment Partners investors own include Home Depot (HD), CVS Health (CVS), Verizon Communications (VZ), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Walt Disney (DIS), Bristol-Myers Squibb (BMY), AT&T (T) and Visa (V).

Who are Virtus Investment Partners' major shareholders?

Virtus Investment Partners' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.65%), WCM Investment Management LLC (1.53%), Price T Rowe Associates Inc. MD (1.13%), Principal Financial Group Inc. (0.54%), Quadrature Capital Ltd (0.33%) and Meritage Portfolio Management (0.23%). Insiders that own company stock include Barry M Mandinach, Stephen T Zarrilli, W Howard Morris and William Patrick Bradley III.
View institutional ownership trends
.

How do I buy shares of Virtus Investment Partners?

Shares of VRTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Virtus Investment Partners have any subsidiaries?
The following companies are subsidiares of Virtus Investment Partners: Ceredex Value Advisors LLC, Duff & Phelps Investment Management Co., ETF Distributors LLC, ETFis Holdings LLC, Kayne Anderson Rudnick Investment Management LLC, Newfleet Asset Management LLC, Rampart Investment Management Company LLC, RidgeWorth Investments, SGIA LLC GP, Seix Investment Advisors LLC, Silvant Capital Management LLC, Sustainable Growth Advisers LP, VP Distributors LLC, Virtus Alternative Investment Advisers Inc., Virtus ETF Advisers LLC, Virtus ETF Solutions LLC, Virtus Fund Advisers LLC, Virtus Fund Services LLC, Virtus Intermediate Holdings LLC, Virtus Investment Advisers Inc., Virtus Investment Partners International Ltd., Virtus Partners Inc., Virtus Retirement Investment Advisers LLC, Virtus Shared Services LLC, and Zweig Advisers LLC.
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This page (NASDAQ:VRTS) was last updated on 5/23/2024 by MarketBeat.com Staff

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