About Virtus Investment Partners (NASDAQ:VRTS)
Virtus 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
Industry INVEST BKRS/MGMT
Sub-IndustryAsset Management & Custody Banks
Trailing P/E Ratio33.0632911392405
Forward P/E Ratio10.55
Sales & Book Value
Annual Sales$425.61 million
Price / Sales2.20
Cash Flow$12.58 per share
Price / Cash10.36
Book Value$69.07 per share
Price / Book1.89
Net Income$37.01 million
Return on Equity13.75%
Return on Assets3.03%
Virtus Investment Partners (NASDAQ:VRTS) Frequently Asked Questions
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, February 16th. Investors of record on Monday, April 30th will be given a dividend of $0.45 per share on Tuesday, May 15th. This represents a $1.80 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Friday, April 27th. View Virtus Investment Partners' Dividend History.
How were Virtus Investment Partners' earnings last quarter?
Virtus Investment Partners Inc (NASDAQ:VRTS) posted its quarterly earnings results on Friday, February, 2nd. The closed-end fund reported $2.60 EPS for the quarter, beating the Zacks' consensus estimate of $2.42 by $0.18. The closed-end fund had revenue of $128 million for the quarter, compared to analyst estimates of $127.09 million. Virtus Investment Partners had a return on equity of 13.75% and a net margin of 8.70%. Virtus Investment Partners's revenue was up 60.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.75 EPS. View Virtus Investment Partners' Earnings History.
When will Virtus Investment Partners make its next earnings announcement?
Where is Virtus Investment Partners' stock going? Where will Virtus Investment Partners' stock price be in 2018?
7 brokers have issued twelve-month price targets for Virtus Investment Partners' shares. Their predictions range from $127.00 to $173.00. On average, they anticipate Virtus Investment Partners' share price to reach $139.71 in the next year. View Analyst Ratings for Virtus Investment Partners.
What are Wall Street 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. " (3/15/2018)
- 2. Credit Suisse Group AG analysts commented, "attractive" (8/8/2017)
Who are some of Virtus Investment Partners' key competitors?
Some companies that are related to Virtus Investment Partners include Hamilton Lane Advisors (HLNE), Ares Management (ARES), OM Asset Management (OMAM), Waddell & Reed Financial (WDR), Och-Ziff Capital Management Group (OZM), WisdomTree Investments (WETF), Piper Jaffray Companies (PJC), Cannae (CNNE), INTL Fcstone (INTL), Victory Capital (VCTR), Pzena Investment Management (PZN), Gamco Investors (GBL), Diamond Hill Investment Group (DHIL), Investment Technology Group (ITG), Yintech Investment (YIN), Greenhill & Co., Inc. (GHL), Pennantpark Floating Rate Capital (PFLT) and Cowen (COWN).
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 (Age 53)
- Michael A. Angerthal, Chief Financial Officer, Executive Vice President, Treasurer (Age 49)
- Mark S. Flynn, Executive Vice President, General Counsel, Corporate Secretary (Age 62)
- Mardelle Pena, Executive Vice President - Human Resources (Age 64)
- W. Patrick Bradley III, Executive Vice President - Fund Services (Age 45)
- Barry M. Mandinach, Executive Vice President - Head of Distribution (Age 60)
- Francis G. Waltman, Executive Vice President, Head - Product Management (Age 55)
- Mark C. Treanor, Non-Executive Independent Chairman of the Board (Age 70)
- James R. Baio, Independent Director (Age 63)
- Susan S. Fleming Ph.D., Independent Director (Age 47)
Has Virtus Investment Partners been receiving favorable news coverage?
Media headlines about VRTS stock have trended positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Virtus Investment Partners earned a news sentiment score of 0.30 on Accern's scale. They also assigned news stories about the closed-end fund an impact score of 46.96 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are Virtus Investment Partners' major shareholders?
Virtus Investment Partners' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.10%), Brown Advisory Inc. (6.28%), Huber Capital Management LLC (5.96%), Victory Capital Management Inc. (5.91%), Vulcan Value Partners LLC (3.65%) and Philadelphia Financial Management of San Francisco LLC (3.22%). 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 Vulcan Value Partners LLC, Citadel Advisors LLC, Philadelphia Financial Management of San Francisco LLC, Deutsche Bank AG, Brown Advisory Inc., Wells Fargo & Company MN, KBC Group NV and Victory Capital Management Inc.. View Insider Buying and Selling 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 WCM Investment Management CA, Renaissance Technologies LLC, Assenagon Asset Management S.A., BlackRock Inc., Arizona State Retirement System, Santa Monica Partners LP, Ascend Capital LLC and Pinebridge Investments L.P.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Virtus Investment Partners' stock price today?
One share of VRTS stock can currently be purchased for approximately $130.35.
How big of a company is Virtus Investment Partners?
Virtus Investment Partners has a market capitalization of $946.97 million and generates $425.61 million in revenue each year. The closed-end fund earns $37.01 million in net income (profit) each year or $3.95 on an earnings per share basis. Virtus Investment Partners employs 543 workers across the globe.
How can I contact Virtus Investment Partners?
Virtus Investment Partners' mailing address is 100 PEARL STREET 9TH FLOOR, HARTFORD CT, 06103. The closed-end fund can be reached via phone at 860-263-4707 or via email at [email protected]
MarketBeat Community Rating for Virtus Investment Partners (VRTS)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.
Virtus Investment Partners (NASDAQ:VRTS) Earnings History and Estimates Chart
Virtus Investment Partners (NASDAQ VRTS) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/2/2018||Q4 2017||$2.42||$2.60||$127.09 million||$128.00 million||View||Listen|
|10/27/2017||Q3 2017||$2.38||$2.30||$116.85 million||$123.70 million||View||N/A|
|7/28/2017||Q2 2017||$1.66||$1.61||$91.78 million||$94.10 million||View||N/A|
|4/28/2017||Q1 2017||$1.62||$1.16||$80.67 million||$79.78 million||View||N/A|
|1/25/2017||Q416||$1.80||$1.75||$81.07 million||$79.90 million||View||N/A|
|10/28/2016||Q316||$1.48||$1.64||$80.77 million||$82.30 million||View||Listen|
|7/29/2016||Q216||$1.32||$1.24||$78.86 million||$80.10 million||View||Listen|
|4/29/2016||Q1||$1.08||$1.12||$81.08 million||$80.30 million||View||Listen|
|1/29/2016||Q415||$1.51||$1.37||$85.95 million||$86.10 million||View||Listen|
|10/30/2015||Q315||$2.00||$1.74||$92.81 million||$92.40 million||View||Listen|
|7/31/2015||Q215||$2.11||$2.21||$91.11 million||$99.70 million||View||Listen|
|5/11/2015||Q115||$2.36||$2.11||$104.85 million||$103.80 million||View||Listen|
|1/29/2015||Q414||$2.42||$2.05||$112.00 million||$112.14 million||View||N/A|
|10/28/2014||Q314||$2.53||$2.35||$117.61 million||$117.80 million||View||N/A|
|7/28/2014||Q214||$2.57||$2.10||$113.53 million||$112.70 million||View||N/A|
|4/29/2014||Q1||$2.37||$2.34||$108.86 million||$107.87 million||View||Listen|
|1/29/2014||Q413||$2.44||$2.65||$105.10 million||$80.00 million||View||Listen|
|10/29/2013||Q313||$2.29||$2.56||$98.14 million||$100.41 million||View||N/A|
|7/30/2013||Q2 2013||$2.01||$1.91||$94.14 million||$96.14 million||View||N/A|
|4/30/2013||Q1 2013||$1.72||$1.73||$82.48 million||$86.17 million||View||N/A|
Virtus Investment Partners (NASDAQ:VRTS) Earnings Estimates
2018 EPS Consensus Estimate: $12.94
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Virtus Investment Partners (NASDAQ:VRTS) Dividend Information
|Payout Ratio:||45.57% (Trailing 12 Months of Earnings) |
14.56% (Based on This Year's Estimates)
12.92% (Based on Next Year's Estimates)
Virtus Investment Partners (NASDAQ:VRTS) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Virtus Investment Partners (NASDAQ VRTS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.00%
Institutional Ownership Percentage: 95.81%
Virtus Investment Partners (NASDAQ VRTS) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|10/27/2016||Of Montreal /Can/ Bank||Major Shareholder||Sell||1,727,746||$93.50||$161,544,251.00|| |
|12/1/2015||William Patrick Bradley III||SVP||Sell||210||$140.00||$29,400.00||7,588|| |
|9/5/2014||Michael A Angerthal||CFO||Buy||135||$179.77||$24,268.95|| |
|12/17/2013||Francis Waltman||EVP||Sell||3,000||$203.73||$611,190.00||25,665|| |
Virtus Investment Partners (NASDAQ VRTS) News Headlines
Virtus Investment Partners (NASDAQ:VRTS) SEC Filings
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Virtus Investment Partners (NASDAQ:VRTS) Income Statement, Balance Sheet and Cash Flow Statement
Virtus Investment Partners (NASDAQ VRTS) Stock Chart for Monday, March, 19, 2018