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About Virtus Investment Partners (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.
Industry, Sector and Symbol
Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNASDAQ:VRTS
CUSIP92828Q10
Phone800-248-7971
Debt
Debt-to-Equity Ratio0.48
Current Ratio32.03
Quick Ratio32.03
Price-To-Earnings
Trailing P/E Ratio16.63
Forward P/E Ratio10.29
P/E Growth0.44
Sales & Book Value
Annual Sales$425.61 million
Price / Sales2.14
Cash Flow$12.5347 per share
Price / Cash10.08
Book Value$69.07 per share
Price / Book1.83
Profitability
EPS (Most Recent Fiscal Year)$7.68
Net Income$37.01 million
Net Margins9.96%
Return on Equity15.49%
Return on Assets3.01%
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 declared a quarterly dividend on Wednesday, May 16th. Stockholders of record on Tuesday, July 31st will be given a dividend of $0.45 per share on Wednesday, August 15th. This represents a $1.80 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Monday, July 30th. View Virtus Investment Partners' Dividend History.
How were Virtus Investment Partners' earnings last quarter?
Virtus Investment Partners Inc (NASDAQ:VRTS) announced its quarterly earnings data on Friday, April, 27th. The closed-end fund reported $2.59 EPS for the quarter, topping the Zacks' consensus estimate of $2.40 by $0.19. The closed-end fund had revenue of $129 million for the quarter, compared to analysts' expectations of $129.64 million. Virtus Investment Partners had a net margin of 9.96% and a return on equity of 15.49%. The company's quarterly revenue was up 61.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 earnings per share. View Virtus Investment Partners' Earnings History.
When is Virtus Investment Partners' next earnings date?
What price target have analysts set for VRTS?
7 Wall Street analysts have issued 1 year target prices for Virtus Investment Partners' stock. Their predictions range from $127.00 to $173.00. On average, they anticipate Virtus Investment Partners' stock price to reach $136.8571 in the next year. View Analyst Ratings for Virtus Investment Partners.
Who are some of Virtus Investment Partners' key competitors?
Some companies that are related to Virtus Investment Partners include Legg Mason (LM), Moelis & Company (MC), Houlihan Lokey (HLI), Financial Engines (FNGN), AllianceBernstein (AB), Artisan Partners Asset (APAM), Federated Investors (FII), Hamilton Lane Advisors (HLNE), The Carlyle Group (CG), Ares Management (ARES), Cohen & Steers (CNS), PJT Partners (PJT), Och-Ziff Capital Management (OZM), Diamond Hill Investment Group (DHIL) and Victory Capital (VCTR).
Who are Virtus Investment Partners' key executives?
Virtus Investment Partners' management team includes the folowing people:
- Mr. George R. Aylward Jr., CPA, Pres, CEO & Director (Age 54)
- Mr. Michael A. Angerthal CPA, Exec. VP, CFO, Treasurer & Principal accounting officer (Age 51)
- Mr. Francis George Waltman, Exec. VP of Product Management (Age 56)
- Mr. William Patrick Bradley III, Exec. VP of Fund Services (Age 46)
- Mr. Barry Mitchell Mandinach J.D., Exec. VP & Head of Distribution (Age 62)
Has Virtus Investment Partners been receiving favorable news coverage?
News stories about VRTS stock have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Virtus Investment Partners earned a daily sentiment score of 0.09 on Accern's scale. They also gave media coverage about the closed-end fund an impact score of 46.42 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Virtus Investment Partners' major shareholders?
Virtus Investment Partners' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.88%), Dimensional Fund Advisors LP (7.16%), Victory Capital Management Inc. (5.84%), Royal Bank of Canada (3.25%), JPMorgan Chase & Co. (1.82%) and Northern Trust Corp (1.23%). 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 Citadel Advisors LLC, Millennium Management LLC, JPMorgan Chase & Co., WCM Investment Management CA, BlackRock Inc., Royal Bank of Canada, Dimensional Fund Advisors LP 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 Gendell Jeffrey L, Nuveen Asset Management LLC, Marcato Capital Management LP, Barclays PLC, Quantitative Systematic Strategies LLC, Wells Fargo & Company MN, Legal & General Group Plc and Schwab Charles Investment Management Inc.. 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 $126.35.
How big of a company is Virtus Investment Partners?
Virtus Investment Partners has a market capitalization of $927.08 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, HARTFORD CT, 06103. The closed-end fund can be reached via phone at 800-248-7971 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 1.42%. VRTS's next quarterly dividend payment will be made on Wednesday, August 15. Virtus Investment Partners pays out 23.44% of its earnings out as a dividend.
| Next Dividend: | 8/15/2018 |
| Annual Dividend: | $1.80 |
| Dividend Yield: | 1.42% |
| Payout Ratio(s): | 23.44% (Trailing 12 Months of Earnings)
14.66% (Based on This Year's Estimates)
13.30% (Based on Next Year's Estimates)
14.36% (Based on Cash Flow)
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Virtus Investment Partners (NASDAQ:VRTS) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/16/2018 | Quarterly | $0.45 | 1.42% | 7/30/2018 | 7/31/2018 | 8/15/2018 |
| 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: 90.02%
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 Tuesday, May, 22, 2018
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