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 Ratio33.4303797468354
Forward P/E Ratio10.68
Sales & Book Value
Annual Sales$425.61 million
Price / Sales2.22
Cash Flow$12.90 per share
Price / Cash10.24
Book Value$69.07 per share
Price / Book1.91
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 announced a quarterly dividend on Friday, February 16th. Investors of record on Monday, April 30th will be paid 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 1.36%. 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 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $2.42 by $0.18. The closed-end fund earned $128 million during 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 for the quarter was up 60.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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 Wall Street analysts have issued 12 month price targets 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 $139.71 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. " (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), Cannae (CNNE), Piper Jaffray Companies (PJC), WisdomTree Investments (WETF), Victory Capital (VCTR), Gamco Investors (GBL), Pzena Investment Management (PZN), Diamond Hill Investment Group (DHIL), Yintech Investment (YIN), Investment Technology Group (ITG), Greenhill & Co., Inc. (GHL), Pennantpark Floating Rate Capital (PFLT), Cowen (COWN) and America First Multifamily Investors (ATAX).
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)
Who owns Virtus Investment Partners stock?
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.
Who sold Virtus Investment Partners stock? Who is selling Virtus Investment Partners stock?
Virtus Investment Partners' 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.
Who bought Virtus Investment Partners stock? Who is buying Virtus Investment Partners stock?
Virtus Investment Partners' stock was acquired 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 Virtus Investment Partners stock?
Shares of Virtus Investment Partners 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 Virtus Investment Partners stock can currently be purchased for approximately $132.05.
How big of a company is Virtus Investment Partners?
Virtus Investment Partners has a market capitalization of $935.85 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' (VRTS) "Hold" Rating Reaffirmed at Sandler O'Neill|
www.americanbankingnews.com - March 15 at 5:30 PM
|Virtus Investment Partners (VRTS) Upgraded to "Buy" by Zacks Investment Research|
www.americanbankingnews.com - March 15 at 5:05 PM
|Accessing Global EM Opportunities with a Smart Beta ETF|
finance.yahoo.com - March 15 at 9:44 AM
|Virtus Investment Partners (VRTS) Rating Lowered to Hold at Zacks Investment Research|
www.americanbankingnews.com - March 14 at 5:32 PM
|BidaskClub Upgrades Virtus Investment Partners (VRTS) to "Buy"|
www.americanbankingnews.com - March 10 at 4:23 PM
|Virtus Investment Partners Introduces SMID Core Fund Managed by Kayne Anderson Rudnick|
finance.yahoo.com - March 8 at 4:56 PM
|Huber Capital Management LLC Has $49.11 Million Stake in Virtus Investment Partners Inc (VRTS)|
www.americanbankingnews.com - March 6 at 9:50 AM
|Virtus Investment Partners Inc (VRTS) Given Consensus Rating of "Hold" by Brokerages|
www.americanbankingnews.com - March 6 at 1:36 AM
|Virtus Investment Partners Inc (VRTS) Stake Increased by Ascend Capital LLC|
www.americanbankingnews.com - March 2 at 4:33 AM
|Virtus Investment Partners Inc (VRTS) Files 10-K for the Fiscal Year Ended on December 31, 2017|
finance.yahoo.com - February 27 at 9:48 AM
|Virtus Investment Partners (VRTS) Lowered to "Hold" at BidaskClub|
www.americanbankingnews.com - February 24 at 9:48 PM
|What Analysts Think about Apollo Global|
finance.yahoo.com - February 23 at 4:37 PM
|BRIEF-Virtus Investment Amends Credit Agreement With Morgan Stanley|
www.reuters.com - February 22 at 9:35 AM
|Research Analysts Issue Forecasts for Virtus Investment Partners Inc's Q2 2018 Earnings (VRTS)|
www.americanbankingnews.com - February 19 at 3:32 AM
|Virtus Investment Partners (VRTS) Given a $131.00 Price Target at Sandler O'Neill|
www.americanbankingnews.com - February 18 at 9:52 PM
|Virtus Investment Partners (VRTS) Downgraded by TheStreet to "C+"|
www.americanbankingnews.com - February 17 at 1:56 PM
|Virtus Investment Partners Inc (VRTS) to Issue $0.45 Quarterly Dividend|
www.americanbankingnews.com - February 16 at 6:00 PM
|Virtus Investment Partners (VRTS) Declares $0.45 Quarterly Dividend; 1.4% Yield|
www.streetinsider.com - February 15 at 4:20 PM
|Virtus Investment Partners (VRTS) PT Lowered to $131 at Sandler O'Neill|
www.streetinsider.com - February 14 at 8:57 AM
|Virtus Investment Partners Inc (VRTS) Receives Average Rating of "Hold" from Brokerages|
www.americanbankingnews.com - February 9 at 1:28 AM
|Virtus Investment Partners (VRTS) PT Raised to $136 at Morgan Stanley|
www.streetinsider.com - February 8 at 9:08 AM
|Morgan Stanley Increases Virtus Investment Partners (VRTS) Price Target to $136.00|
www.americanbankingnews.com - February 7 at 1:30 PM
|Update in Lawsuit for Investors in Virtus Investment Partners Inc. (NASDAQ: VRTS) Shares Announced by Shareholders Foundation|
finance.yahoo.com - February 7 at 8:59 AM
|Virtus Investment Partners (VRTS) Upgraded to "Buy" by BidaskClub|
www.americanbankingnews.com - February 7 at 6:02 AM
|Credit Suisse Group Analysts Give Virtus Investment Partners (VRTS) a $173.00 Price Target|
www.americanbankingnews.com - February 6 at 10:30 PM
|Virtus Investment Partners, Inc. -- Moody's affirms Virtus' Ba2 CFR; changes outlook to stable from positive; downgrades term loan to Ba2 from Ba1|
finance.yahoo.com - February 6 at 8:54 AM
|Sandler O'Neill Reaffirms Hold Rating for Virtus Investment Partners (VRTS)|
www.americanbankingnews.com - February 5 at 12:12 PM
|Virtus Investment Partners (VRTS) Price Target Raised to $140.00|
www.americanbankingnews.com - February 5 at 9:00 AM
|Blog Exposure - Virtus Investment Partners to Purchase 70% Stake in Sustainable Growth Advisers|
finance.yahoo.com - February 5 at 8:55 AM
|Virtus Investment Partners (VRTS) Releases Earnings Results, Beats Estimates By $0.18 EPS|
www.americanbankingnews.com - February 2 at 2:17 PM
|Virtus Investment Partners Announces Financial Results for the Fourth Quarter 2017|
finance.yahoo.com - February 2 at 8:56 AM
|Virtus Investment Partners Announces Investment in Sustainable Growth Advisers|
finance.yahoo.com - February 2 at 8:56 AM
|Virtus beats 4Q profit forecasts|
finance.yahoo.com - February 2 at 8:56 AM
|Virtus Investment Partners (VRTS) Scheduled to Post Quarterly Earnings on Friday|
www.americanbankingnews.com - January 31 at 8:20 PM
|Virtus Investment Partners To Announce Fourth Quarter 2017 Results on Friday, February 2|
finance.yahoo.com - January 30 at 4:41 PM
|Virtus Investment Partners, Inc. (VRTS) Ex-Dividend Date Scheduled for January ...|
www.nasdaq.com - January 30 at 9:15 AM
|Virtus Investment Partners (VRTS) Rating Lowered to Hold at BidaskClub|
www.americanbankingnews.com - January 27 at 12:18 AM
|With A Recent ROE Of 7.91%, Can Virtus Investment Partners Inc (NASDAQ:VRTS) Catch Up To Its Industry?|
finance.yahoo.com - January 23 at 8:36 AM
|Virtus Investment Partners (VRTS) to Release Quarterly Earnings on Tuesday|
www.americanbankingnews.com - January 16 at 3:50 AM
|Seix Investment Advisors Completes Offering of $406.4 Million CLO|
www.prnewswire.com - January 13 at 4:19 PM
|Virtus Investment Partners (VRTS) Raised to Buy at Zacks Investment Research|
www.americanbankingnews.com - January 13 at 12:28 PM
|Contrasting Cohen & Steers (CNS) and Virtus Investment Partners (VRTS)|
www.americanbankingnews.com - January 12 at 9:06 PM
|Virtus Investment Partners Inc (VRTS) Forecasted to Earn FY2017 Earnings of $7.63 Per Share|
www.americanbankingnews.com - January 12 at 6:24 AM
|Virtus Investment Partners Reports Preliminary December 31, 2017 Assets Under Management|
finance.yahoo.com - January 11 at 10:53 AM
|Virtus Investment Partners' (VRTS) "Hold" Rating Reiterated at Sandler O'Neill|
www.americanbankingnews.com - January 11 at 9:44 AM
|Virtus Investment Partners Series D Mandatory Convertible Preferred Stock Ex-Dividend Reminder|
www.nasdaq.com - January 9 at 4:30 PM
|Virtus Investment Partners (VRTS) & Cohen & Steers (CNS) Financial Contrast|
www.americanbankingnews.com - December 31 at 11:28 AM
|BidaskClub Lowers Virtus Investment Partners (VRTS) to Sell|
www.americanbankingnews.com - December 28 at 12:22 AM
|ETFs with exposure to Virtus Investment Partners, Inc. : December 26, 2017|
finance.yahoo.com - December 26 at 8:36 PM
|Virtus Investment Partners, Inc. :VRTS-US: Earnings Analysis: Q3, 2017 By the Numbers : December 22, 2017|
finance.yahoo.com - December 22 at 10:43 AM
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, March, 18, 2018