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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 Ratio16.31
Forward P/E Ratio10.20
P/E Growth0.43
Sales & Book Value
Annual Sales$425.61 million
Price / Sales2.12
Cash Flow$12.7028 per share
Price / Cash9.86
Book Value$71.29 per share
Price / Book1.76
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 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Monday, July 30th. 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, April, 27th. The closed-end fund reported $2.59 EPS for the quarter, beating the Zacks' consensus estimate of $2.40 by $0.19. The closed-end fund earned $129 million during the quarter, compared to analysts' expectations of $129.64 million. Virtus Investment Partners had a return on equity of 15.49% and a net margin of 9.96%. The business's quarterly revenue was up 61.7% on a year-over-year basis. During the same period in the prior year, the firm posted $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 12 month target prices for Virtus Investment Partners' stock. Their predictions range from $127.00 to $173.00. On average, they expect Virtus Investment Partners' stock price to reach $136.8571 in the next twelve months. 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 Noah (NOAH), Moelis & Company (MC), Legg Mason (LM), 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 Group (OZM) 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?
Media headlines about VRTS stock have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Virtus Investment Partners earned a media sentiment score of 0.13 on Accern's scale. They also assigned news coverage about the closed-end fund an impact score of 46.77 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Virtus Investment Partners' major shareholders?
Virtus Investment Partners' stock is owned by many different of retail and institutional 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 bought 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 $125.25.
How big of a company is Virtus Investment Partners?
Virtus Investment Partners has a market capitalization of $906.51 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) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for Virtus Investment Partners in the last 12 months. Their average twelve-month price target is $136.8571, suggesting that the stock has a possible upside of 9.27%. The high price target for VRTS is $173.00 and the low price target for VRTS is $127.00. There are currently 6 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.14 | 2.14 | 2.14 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
6 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $136.8571 | $136.5714 | $138.1429 | $130.00 |
| Price Target Upside: | 9.27% upside | 18.60% upside | 11.81% upside | 10.54% upside |
Virtus Investment Partners (NASDAQ:VRTS) Consensus Price Target History
Virtus Investment Partners (NASDAQ:VRTS) Analyst Ratings History
Show:
(Data available from 5/27/2016 forward)
Virtus Investment Partners (NASDAQ:VRTS) Dividend Information
Virtus Investment Partners pays an annual dividend of $1.80 per share, with a dividend yield of 1.44%. 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: | 1.44% |
| 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)
14.17% (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 Sunday, May, 27, 2018
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