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
Stock Exchange NASDAQ
Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNASDAQ:VRTS
CUSIP92828Q10
Phone800-248-7971
Debt
Debt-to-Equity Ratio0.46
Current Ratio27.62
Quick Ratio27.62
Price-To-Earnings
Trailing P/E Ratio17.12
Forward P/E Ratio10.64
P/E Growth0.42
Sales & Book Value
Annual Sales$425.61 million
Price / Sales2.22
Cash Flow$12.8168 per share
Price / Cash10.26
Book Value$69.07 per share
Price / Book1.90
Profitability
EPS (Most Recent Fiscal Year)$7.68
Net Income$37.01 million
Net Margins13.76%
Return on Equity17.39%
Return on Assets3.34%
Miscellaneous
Employees543
Outstanding Shares7,170,000
Market Cap$936.61 million
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 Thursday, August 16th. Shareholders of record on Wednesday, October 31st will be paid a dividend of $0.55 per share on Thursday, November 15th. This represents a $2.20 annualized dividend and a yield of 1.67%. The ex-dividend date is Tuesday, October 30th. This is a boost from Virtus Investment Partners's previous quarterly dividend of $0.45. View Virtus Investment Partners' Dividend History.
How were Virtus Investment Partners' earnings last quarter?
Virtus Investment Partners Inc (NASDAQ:VRTS) announced its earnings results on Friday, July, 27th. The closed-end fund reported $2.97 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $3.02 by $0.05. The closed-end fund earned $132.93 million during the quarter, compared to analysts' expectations of $134.07 million. Virtus Investment Partners had a net margin of 13.76% and a return on equity of 17.39%. Virtus Investment Partners's revenue for the quarter was up 41.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.61 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 brokerages have issued 12-month target prices for Virtus Investment Partners' stock. Their forecasts range from $127.00 to $175.00. On average, they expect Virtus Investment Partners' share price to reach $140.8571 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price. View Analyst Price Targets for Virtus Investment Partners.
What is the consensus analysts' recommendation for Virtus Investment Partners?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Virtus Investment Partners in the last year. There are currently 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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 MAN Grp PLC/ADR (MNGPY), Moelis & Co (MC), Houlihan Lokey (HLI), AllianceBernstein (AB), Financial Engines (FNGN), Legg Mason (LM), Artisan Partners Asset Management (APAM), Noah (NOAH), Focus Financial Partners (FOCS), The Carlyle Group (CG), Federated Investors (FII), Hamilton Lane (HLNE), Ares Management LP Unit (ARES), Cohen & Steers (CNS) and PJT Partners (PJT).
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 (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 coverage about VRTS stock has trended positive recently, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Virtus Investment Partners earned a media and rumor sentiment score of 0.41 on Accern's scale. They also gave headlines about the closed-end fund an impact score of 47.78 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term. View Recent Headlines for Virtus Investment Partners.
Who are Virtus Investment Partners' major shareholders?
Virtus Investment Partners' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.07%), Vulcan Value Partners LLC (7.44%), Dimensional Fund Advisors LP (7.25%), Brown Advisory Inc. (6.17%), Huber Capital Management LLC (4.24%) and Peregrine Capital Management LLC (2.29%). 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 Huber Capital Management LLC, Renaissance Technologies LLC, Peregrine Capital Management LLC, KBC Group NV, California Public Employees Retirement System, Quantitative Systematic Strategies LLC, Bank of America Corp DE and Arizona State Retirement System. 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 Vulcan Value Partners LLC, BlackRock Inc., Millennium Management LLC, New Amsterdam Partners LLC NY, Schwab Charles Investment Management Inc., Dimensional Fund Advisors LP, Eqis Capital Management Inc. and Citadel Advisors LLC. 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 $131.50.
How big of a company is Virtus Investment Partners?
Virtus Investment Partners has a market capitalization of $936.61 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 (NASDAQ 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.
