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 Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNASDAQ:VRTS
CUSIP92828Q10
Phone860-263-4707
Debt
Debt-to-Equity Ratio0.50%
Current Ratio17.17%
Quick Ratio17.17%
Price-To-Earnings
Trailing P/E Ratio15.51
Forward P/E Ratio9.69
P/E Growth0.31
Sales & Book Value
Annual Sales$425.61 million
Price / Sales1.99
Cash Flow$12.5589 per share
Price / Cash9.34
Book Value$69.07 per share
Price / Book1.70
Profitability
EPS (Most Recent Fiscal Year)$7.68
Net Income$37.01 million
Net Margins8.70%
Return on Equity13.75%
Return on Assets3.03%
Miscellaneous
Employees543
Outstanding Shares7,220,000
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 announced a quarterly dividend on Friday, February 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.53%. 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 earnings results on Friday, February, 2nd. The closed-end fund reported $2.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.42 by $0.18. The closed-end fund had revenue of $128 million for the quarter, compared to the consensus estimate of $127.09 million. Virtus Investment Partners had a net margin of 8.70% and a return on equity of 13.75%. Virtus Investment Partners's revenue was up 60.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 EPS. View Virtus Investment Partners' Earnings History.
When is Virtus Investment Partners' next earnings date?
What price target have analysts set for VRTS?
7 brokers have issued 12-month target prices for Virtus Investment Partners' stock. Their forecasts range from $127.00 to $173.00. On average, they expect Virtus Investment Partners' share price to reach $138.00 in the next twelve months. 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. " (4/13/2018)
- 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 Och-Ziff Capital Management (OZM), PJT Partners (PJT), Victory Capital (VCTR), Diamond Hill Investment Group (DHIL), Pzena Investment Management (PZN), Triangle Capital (TCAP), Fidus Investment (FDUS), Monroe Capital (MRCC), Silvercrest Asset Management Group (SAMG), StoneCastle Financial (BANX), Saratoga Investment (SAR), Great Elm Capital (GECC), Alcentra Capital (ABDC), Fifth Street Asset Management (FSAM), Manning & Napier Fund (MN), Medley Management (MDLY) and Big Lots (BSIG).
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?
News articles about VRTS stock have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Virtus Investment Partners earned a news impact score of 0.03 on Accern's scale. They also assigned media headlines about the closed-end fund an impact score of 45.42 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.
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 $117.30.
How big of a company is Virtus Investment Partners?
Virtus Investment Partners has a market capitalization of $858.52 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 $7.68 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 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.
Virtus Investment Partners (NASDAQ:VRTS) Dividend Information
Virtus Investment Partners pays an annual dividend of $1.80 per share, with a dividend yield of 1.53%. VRTS's next quarterly dividend payment will be made on Tuesday, May 15. Virtus Investment Partners pays out 23.44% of its earnings out as a dividend.
| Next Dividend: | 5/15/2018 |
| Annual Dividend: | $1.80 |
| Dividend Yield: | 1.53% |
| Payout Ratio: | 23.44% (Trailing 12 Months of Earnings)
14.88% (Based on This Year's Estimates)
13.23% (Based on Next Year's Estimates)
|
Virtus Investment Partners (NASDAQ:VRTS) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/16/2018 | quarterly | $0.45 | 1.43% | 4/27/2018 | 4/30/2018 | 5/15/2018 |
| 12/8/2017 | quarterly | $0.45 | 1.53% | 1/30/2018 | 1/31/2018 | 2/15/2018 |
| 8/18/2017 | quarterly | $0.45 | 1.7% | 10/30/2017 | 10/31/2017 | 11/15/2017 |
| 5/23/2017 | quarterly | $0.45 | 1.73% | 7/27/2017 | 7/31/2017 | 8/14/2017 |
| 2/17/2017 | quarterly | $0.45 | 1.62% | 4/26/2017 | 4/28/2017 | 5/10/2017 |
| 12/8/2016 | Quarterly | $0.45 | | 1/27/2017 | 1/31/2017 | 2/10/2017 |
| 8/18/2016 | Quarterly | $0.45 | | 10/27/2016 | 10/31/2016 | 11/11/2016 |
| 5/26/2016 | Quarterly | $0.45 | | 7/27/2016 | 7/29/2016 | 8/12/2016 |
| 2/18/2016 | Quarterly | $0.45 | | 4/27/2016 | 4/29/2016 | 5/13/2016 |
| 12/17/2015 | Quarterly | $0.45 | | 1/27/2016 | 1/29/2016 | 2/12/2016 |
| 8/17/2015 | Quarterly | $0.45 | | 10/28/2015 | 10/31/2015 | 11/13/2015 |
| 5/29/2015 | quarterly | $0.45 | 1.45% | 7/29/2015 | 7/31/2015 | 8/14/2015 |
| 2/20/2015 | quarterly | $0.45 | 1.24% | 4/28/2015 | 4/30/2015 | 5/13/2015 |
| 12/10/2014 | quarterly | $0.45 | 1.13% | 1/28/2015 | 1/30/2015 | 2/13/2015 |
| 8/14/2014 | quarterly | $0.45 | 0.87% | 10/29/2014 | 10/31/2014 | 11/14/2014 |
| 5/15/2014 | quarterly | $0.45 | | 7/29/2014 | 7/31/2014 | 8/14/2014 |
(Data available from 1/1/2013 forward)
Virtus Investment Partners (NASDAQ VRTS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.80%
Institutional Ownership Percentage: 95.27%
Virtus Investment Partners (NASDAQ VRTS) Insider Trading History
| 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 | |
(Data available from 1/1/2013 forward)
Virtus Investment Partners (NASDAQ VRTS) News Headlines
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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 Thursday, April, 19, 2018
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