NASDAQ:VRTSVirtus Investment Partners Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Virtus Investment Partners Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $111.25 +0.14 (+0.13 %) (As of 06/5/2020 04:00 PM ET) Add Compare Share Today's Range$108.57Now: $111.25▼$119.0050-Day Range$75.00MA: $87.83▼$113.3552-Week Range$55.37Now: $111.25▼$141.79Volume109,311 shsAverage Volume76,103 shsMarket Capitalization$856.07 millionP/E Ratio13.15Dividend Yield2.41%Beta1.6 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 1.4 Analyst's Opinion Consensus RatingVirtus Investment Partners has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $106.00, Virtus Investment Partners has a potential downside of 4.7% from its current price of $111.25.Amount of Analyst CoverageVirtus Investment Partners has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Community Rank Outperform VotesVirtus Investment Partners has received 288 “outperform” votes. (Add your “outperform” vote.)Underperform VotesVirtus Investment Partners has received 444 “underperform” votes. (Add your “underperform” vote.)Community SentimentVirtus Investment Partners has received 60.66% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Virtus Investment Partners and other stocks. Vote “Outperform” if you believe VRTS will outperform the S&P 500 over the long term. Vote “Underperform” if you believe VRTS will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 3.3 Dividend Strength Dividend LeadershipVirtus Investment Partners is a leading dividend payer. It pays a dividend yield of 2.41%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthVirtus Investment Partners has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Virtus Investment Partners is 18.11 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Virtus Investment Partners will have a dividend payout ratio of 20.04 % next year. This indicates that Virtus Investment Partners will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Virtus Investment Partners insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.20% of the stock of Virtus Investment Partners is held by insiders.Percentage Held by Institutions82.18% of the stock of Virtus Investment Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Virtus Investment Partners are expected to grow by 3.08% in the coming year, from $12.97 to $13.37 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Virtus Investment Partners is 13.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.43.Price to Earnings Ratio vs. SectorThe P/E ratio of Virtus Investment Partners is 13.15, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.53.Price to Earnings Growth RatioVirtus Investment Partners has a PEG Ratio of 0.96. PEG Ratios around 1 indicate that a company is correctly valued.Price to Book Value per Share RatioVirtus Investment Partners has a P/B Ratio of 1.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.4Community Rank: 2.0Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.04 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Investment advice Sub-IndustryAsset Management & Custody Banks SectorFinance Current SymbolNASDAQ:VRTS Previous Symbol CUSIP92828Q10 CIK883237 Webwww.virtus.com Phone800-248-7971Debt Debt-to-Equity RatioN/A Current Ratio8.58 Quick Ratio8.58Price-To-Earnings Trailing P/E Ratio13.15 Forward P/E Ratio8.58 P/E Growth0.96 Sales & Book Value Annual Sales$563.25 million Price / Sales1.52 Cash Flow$23.92 per share Price / Cash Flow4.65 Book Value$83.66 per share Price / Book1.33Profitability EPS (Most Recent Fiscal Year)$14.80 Net Income$95.65 million Net Margins12.06% Return on Equity22.11% Return on Assets4.09%Miscellaneous Employees577 Outstanding Shares7,695,000Market Cap$856.07 million Next Earnings Date7/24/2020 (Estimated) OptionableNot Optionable NASDAQ:VRTS Rates by TradingView Receive VRTS News and Ratings via Email Sign-up to receive the latest news and ratings for VRTS and its competitors with MarketBeat's FREE daily newsletter. Virtus Investment Partners (NASDAQ:VRTS) Frequently Asked Questions How has Virtus Investment Partners' stock been impacted by COVID-19 (Coronavirus)? Virtus Investment Partners' stock was trading at $92.66 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, VRTS stock has increased by 20.1% and is now trading at $111.25. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Virtus Investment Partners? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Virtus Investment Partners in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Virtus Investment Partners. When is Virtus Investment Partners' next earnings date? Virtus Investment Partners is scheduled to release its next quarterly earnings announcement on Friday, July 24th 2020. View our earnings forecast for Virtus Investment Partners. How were Virtus Investment Partners' earnings last quarter? Virtus Investment Partners Inc (NASDAQ:VRTS) announced its earnings results on Friday, May, 1st. The closed-end fund reported $3.32 EPS for the quarter, topping the Zacks' consensus estimate of $3.12 by $0.20. The closed-end fund had revenue of $127.11 million for the quarter, compared to analyst estimates of $120.39 million. Virtus Investment Partners had a return on equity of 22.11% and a net margin of 12.06%. View Virtus Investment Partners' earnings history. 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, May 15th. Investors of record on Friday, July 31st will be given a dividend of $0.67 per share on Friday, August 14th. This represents a $2.68 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, July 30th. View Virtus Investment Partners' dividend history. What price target have analysts set for VRTS? 4 analysts have issued 12-month price targets for Virtus Investment Partners' stock. Their forecasts range from $74.00 to $155.00. On average, they expect Virtus Investment Partners' share price to reach $106.00 in the next year. This suggests that the stock has a possible downside of 4.7%. View analysts' price targets for Virtus Investment Partners. Has Virtus Investment Partners been receiving favorable news coverage? Media stories about VRTS stock have been trending negative this week, according to InfoTrie. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Virtus Investment Partners earned a news impact score of -2.8 on InfoTrie's scale. They also gave news coverage about the closed-end fund a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutVirtus Investment Partners. Who are some of Virtus Investment Partners' key competitors? Some companies that are related to Virtus Investment Partners include BlackRock (BLK), Bank of New York Mellon (BK), T. Rowe Price Group (TROW), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Eaton Vance (EV), Legg Mason (LM), Invesco (IVZ), Affiliated Managers Group (AMG), Cohen & Steers (CNS) and Main Street Capital (MAIN). View all competitors. 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), Verizon Communications (VZ), Walt Disney (DIS), CVS Health (CVS), Honeywell International (HON), Alibaba Group (BABA), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Pfizer (PFE) and AT&T (T). Who are Virtus Investment Partners' key executives? Virtus Investment Partners' management team includes the following people: Mr. George Robert Aylward Jr., CPA, CPA, Pres, CEO & Director (Age 55)Mr. Michael Aaron Angerthal CPA, CPA, Exec. VP, CFO & Treasurer (Age 52)Mr. Francis George Waltman, Exec. VP of Product Management (Age 56)Mr. William Patrick Bradley III, Exec. VP of Fund Services (Age 47)Mr. Barry Mitchell Mandinach J.D., Exec. VP & Head of Distribution (Age 63) What is Virtus Investment Partners' stock symbol? Virtus Investment Partners trades on the NASDAQ under the ticker symbol "VRTS." Who are Virtus Investment Partners' major shareholders? Virtus Investment Partners' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.70%), State Street Corp (2.79%), WCM Investment Management LLC (1.83%), Peregrine Capital Management LLC (1.75%), Geode Capital Management LLC (1.32%) and Bank of New York Mellon Corp (1.20%). View institutional ownership trends for Virtus Investment Partners. Which major investors are selling Virtus Investment Partners stock? VRTS stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Public Sector Pension Investment Board, AWH Capital L.P., Nuveen Asset Management LLC, Invesco Ltd., Healthcare of Ontario Pension Plan Trust Fund, and UBS Group AG. View insider buying and selling activity for Virtus Investment Partners. Which major investors are buying Virtus Investment Partners stock? VRTS stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Philadelphia Financial Management of San Francisco LLC, JPMorgan Chase & Co., ClariVest Asset Management LLC, Morgan Stanley, Morgan Stanley, AQR Capital Management LLC, and State Street Corp. View insider buying and selling activity for Virtus Investment Partners. How do I buy shares of Virtus Investment Partners? Shares of VRTS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Virtus Investment Partners' stock price today? One share of VRTS stock can currently be purchased for approximately $111.25. How big of a company is Virtus Investment Partners? Virtus Investment Partners has a market capitalization of $856.07 million and generates $563.25 million in revenue each year. The closed-end fund earns $95.65 million in net income (profit) each year or $14.80 on an earnings per share basis. Virtus Investment Partners employs 577 workers across the globe. What is Virtus Investment Partners' official website? The official website for Virtus Investment Partners is www.virtus.com. How can I contact Virtus Investment Partners? Virtus Investment Partners' mailing address is ONE FINANCIAL PLAZA, HARTFORD CT, 06103. The closed-end fund can be reached via phone at 800-248-7971 or via email at [email protected] This page was last updated on 6/6/2020 by MarketBeat.com Staff
