Virtus Investment Partners Company Profile (NASDAQ:VRTS)

About Virtus Investment Partners (NASDAQ:VRTS)

Virtus Investment Partners logoVirtus 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:
  • Sector: Finance
  • Industry: Investment Management
  • Sub-Industry: Asset Management & Custody Banks
  • Symbol: NASDAQ:VRTS
  • CUSIP: 92828Q10
  • Web: www.virtus.com
Capitalization:
  • Market Cap: $811.19 million
  • Outstanding Shares: 7,217,000
Average Prices:
  • 50 Day Moving Avg: $109.52
  • 200 Day Moving Avg: $108.08
  • 52 Week Range: $92.80 - $128.10
P/E:
  • Trailing P/E Ratio: 21.77
  • Foreward P/E Ratio: 10.98
  • P/E Growth: 0.59
Sales & Book Value:
  • Annual Revenue: $336.08 million
  • Price / Sales: 2.41
  • Book Value: $64.11 per share
  • Price / Book: 1.75
Dividend:
  • Annual Dividend: $1.80
  • Dividend Yield: 1.6%
Profitability:
  • EBIDTA: $73.41 million
  • Net Margins: 12.13%
  • Return on Equity: 11.35%
  • Return on Assets: 3.84%
Debt:
  • Debt-to-Equity Ratio: 0.52%
  • Current Ratio: 19.32%
  • Quick Ratio: 19.32%
Misc:
  • Average Volume: 53,041 shs.
  • Beta: 1.74
  • Short Ratio: 11.55
 

Frequently Asked Questions for Virtus Investment Partners (NASDAQ:VRTS)

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, August 18th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.45 per share on Wednesday, November 15th. This represents a $1.80 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Monday, October 30th. View Virtus Investment Partners' Dividend History.

How were Virtus Investment Partners' earnings last quarter?

Virtus Investment Partners, Inc. (NASDAQ:VRTS) released its earnings results on Friday, July, 28th. The company reported $1.61 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.66 by $0.05. The company earned $94.10 million during the quarter, compared to analyst estimates of $91.78 million. Virtus Investment Partners had a return on equity of 11.35% and a net margin of 12.13%. The firm's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 EPS. View Virtus Investment Partners' Earnings History.

When will Virtus Investment Partners make its next earnings announcement?

Virtus Investment Partners is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Virtus Investment Partners.

Where is Virtus Investment Partners' stock going? Where will Virtus Investment Partners' stock price be in 2017?

5 equities research analysts have issued twelve-month target prices for Virtus Investment Partners' shares. Their forecasts range from $110.00 to $147.00. On average, they anticipate Virtus Investment Partners' share price to reach $119.40 in the next twelve months. View Analyst Ratings for Virtus Investment Partners.

What are analysts saying about Virtus Investment Partners stock?

Here are some recent quotes from research analysts about Virtus Investment Partners stock:

  • 1. Credit Suisse Group analysts commented, "attractive" (8/8/2017)
  • 2. 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. " (6/14/2017)

Who are some of Virtus Investment Partners' key competitors?

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
  • Michael A. Angerthal, Chief Financial Officer, Executive Vice President, Treasurer
  • Mark S. Flynn, Executive Vice President, General Counsel, Corporate Secretary
  • Barry M. Mandinach, Executive Vice President
  • Francis G. Waltman, Executive Vice President, Head - Product Management
  • Mardelle Peria, Senior Vice President - Human Resources
  • William Patrick Bradley III., Senior Vice President - Fund Services
  • Mark C. Treanor, Non-Executive Independent Chairman of the Board
  • Sheila Hooda, Director
  • Melody L. Jones, Director

Who owns Virtus Investment Partners stock?

Virtus Investment Partners' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.82%), Vanguard Group Inc. (10.07%), Dimensional Fund Advisors LP (6.46%), Huber Capital Management LLC (6.27%), Victory Capital Management Inc. (6.11%) and Royal Bank of Canada (3.40%). Company insiders that own Virtus Investment Partners stock include Of Montreal /Can/ Bank and William Patrick Bradley III. 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 Fred Alger Management Inc., California Public Employees Retirement System, JPMorgan Chase & Co., Royce & Associates LP, Dimensional Fund Advisors LP, KBC Group NV, Victory Capital Management Inc. and Public Sector Pension investment Board. 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 BlackRock Inc., Vanguard Group Inc., Mangrove Partners, Huber Capital Management LLC, Balyasny Asset Management LLC, Royal Bank of Canada, Northern Trust Corp and Citadel Advisors LLC. 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 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 $112.40.


MarketBeat Community Rating for Virtus Investment Partners (NASDAQ VRTS)
Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  92 (Vote Outperform)
Underperform Votes:  225 (Vote Underperform)
Total Votes:  317
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.

Analyst Ratings

Consensus Ratings for Virtus Investment Partners (NASDAQ:VRTS) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 4 Hold Ratings
Consensus Rating:Hold (Score: 1.80)
Consensus Price Target: $119.40 (6.23% upside)

Analysts' Ratings History for Virtus Investment Partners (NASDAQ:VRTS)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/8/2017Barclays PLCInitiated CoverageEqual Weight -> Equal Weight$113.00LowView Rating Details
8/18/2017Jefferies Group LLCReiterated RatingHold$117.00LowView Rating Details
8/8/2017Credit Suisse GroupBoost Price TargetOutperform -> Neutral$141.00 -> $147.00LowView Rating Details
7/17/2017Morgan StanleySet Price TargetHold$114.00 -> $110.00LowView Rating Details
1/31/2017Bank of America CorporationInitiated CoverageUnderperform -> Underperform$110.00N/AView Rating Details
4/12/2016Sandler O'NeillLower Price Target$91.00 -> $71.00N/AView Rating Details
(Data available from 9/21/2015 forward)

Earnings

Earnings History for Virtus Investment Partners (NASDAQ:VRTS)
Earnings by Quarter for Virtus Investment Partners (NASDAQ:VRTS)
Earnings History by Quarter for Virtus Investment Partners (NASDAQ VRTS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2017$2.35N/AView Earnings Details
7/28/2017Q2 2017$1.66$1.61$91.78 million$94.10 millionViewN/AView Earnings Details
4/28/2017Q1 2017$1.62$1.16$80.67 million$79.78 millionViewN/AView Earnings Details
1/25/2017Q416$1.80$1.75$81.07 million$79.90 millionViewN/AView Earnings Details
10/28/2016Q316$1.48$1.64$80.77 million$82.30 millionViewListenView Earnings Details
7/29/2016Q216$1.32$1.24$78.86 million$80.10 millionViewListenView Earnings Details
4/29/2016Q1$1.08$1.12$81.08 million$80.30 millionViewListenView Earnings Details
1/29/2016Q415$1.51$1.37$85.95 million$86.10 millionViewListenView Earnings Details
10/30/2015Q315$2.00$1.74$92.81 million$92.40 millionViewListenView Earnings Details
7/31/2015Q215$2.11$2.21$91.11 million$99.70 millionViewListenView Earnings Details
5/11/2015Q115$2.36$2.11$104.85 million$103.80 millionViewListenView Earnings Details
1/29/2015Q414$2.42$2.05$112.00 million$112.14 millionViewN/AView Earnings Details
10/28/2014Q314$2.53$2.35$117.61 million$117.80 millionViewN/AView Earnings Details
7/28/2014Q214$2.57$2.10$113.53 million$112.70 millionViewN/AView Earnings Details
4/29/2014Q1$2.37$2.34$108.86 million$107.87 millionViewListenView Earnings Details
1/29/2014Q413$2.44$2.65$105.10 million$80.00 millionViewListenView Earnings Details
10/29/2013Q313$2.29$2.56$98.14 million$100.41 millionViewN/AView Earnings Details
7/30/2013Q2 2013$2.01$1.91$94.14 million$96.14 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Virtus Investment Partners (NASDAQ:VRTS)
2017 EPS Consensus Estimate: $7.77
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$1.60$1.60$1.60
Q2 20171$1.66$1.66$1.66
Q3 20171$2.18$2.18$2.18
Q4 20171$2.33$2.33$2.33
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Virtus Investment Partners (NASDAQ:VRTS)
Next Dividend:11/15/2017
Annual Dividend:$1.80
Dividend Yield:1.60%
Payout Ratio:35.02% (Trailing 12 Months of Earnings)
23.68% (Based on This Year's Estimates)
17.58% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Virtus Investment Partners (NASDAQ:VRTS)

Dividend History by Quarter for Virtus Investment Partners (NASDAQ VRTS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/18/2017quarterly$0.451.7%10/30/201710/31/201711/15/2017
5/23/2017quarterly$0.451.73%7/27/20177/31/20178/14/2017
2/17/2017quarterly$0.451.62%4/26/20174/28/20175/10/2017
12/8/2016Quarterly$0.451/27/20171/31/20172/10/2017
8/18/2016Quarterly$0.4510/27/201610/31/201611/11/2016
5/26/2016Quarterly$0.457/27/20167/29/20168/12/2016
2/18/2016Quarterly$0.454/27/20164/29/20165/13/2016
12/17/2015Quarterly$0.451/27/20161/29/20162/12/2016
8/17/2015Quarterly$0.4510/28/201510/31/201511/13/2015
5/29/2015quarterly$0.451.45%7/29/20157/31/20158/14/2015
2/20/2015quarterly$0.451.24%4/28/20154/30/20155/13/2015
12/10/2014quarterly$0.451.13%1/28/20151/30/20152/13/2015
8/14/2014quarterly$0.450.87%10/29/201410/31/201411/14/2014
5/15/2014quarterly$0.457/29/20147/31/20148/14/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Virtus Investment Partners (NASDAQ:VRTS)
Insider Ownership Percentage: 4.00%
Institutional Ownership Percentage: 95.86%
Insider Trades by Quarter for Virtus Investment Partners (NASDAQ:VRTS)
Institutional Ownership by Quarter for Virtus Investment Partners (NASDAQ:VRTS)
Insider Trades by Quarter for Virtus Investment Partners (NASDAQ:VRTS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/27/2016Of Montreal /Can/ BankMajor ShareholderSell1,727,746$93.50$161,544,251.00View SEC Filing  
12/1/2015William Patrick Bradley IIISVPSell210$140.00$29,400.00View SEC Filing  
9/5/2014Michael A AngerthalCFOBuy135$179.77$24,268.95View SEC Filing  
12/17/2013Francis WaltmanEVPSell3,000$203.73$611,190.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Virtus Investment Partners (NASDAQ:VRTS)
Latest Headlines for Virtus Investment Partners (NASDAQ:VRTS)
Source:
DateHeadline
finance.yahoo.com logoVirtus Investment Partners, Inc. breached its 50 day moving average in a Bullish Manner : VRTS-US : September 18, 2017
finance.yahoo.com - September 19 at 9:26 AM
americanbankingnews.com logoContrasting Virtus Investment Partners (VRTS) & The Competition
www.americanbankingnews.com - September 17 at 10:32 PM
americanbankingnews.com logoVirtus Investment Partners, Inc. (VRTS) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - September 12 at 11:00 AM
americanbankingnews.com logoHead to Head Comparison: Virtus Investment Partners (VRTS) versus its Rivals
www.americanbankingnews.com - September 10 at 6:26 PM
americanbankingnews.com logoBarclays PLC Begins Coverage on Virtus Investment Partners, Inc. (VRTS)
www.americanbankingnews.com - September 8 at 11:14 PM
americanbankingnews.com logoAnalyzing The Blackstone Group L.P. (BX) and Virtus Investment Partners (VRTS)
www.americanbankingnews.com - September 6 at 2:08 AM
americanbankingnews.com logoVirtus Investment Partners (VRTS) & OM Asset Management PLC (OMAM) Critical Analysis
www.americanbankingnews.com - September 4 at 2:12 AM
americanbankingnews.com logoVirtus Investment Partners, Inc. (VRTS) Stock Rating Lowered by ValuEngine
www.americanbankingnews.com - September 2 at 12:06 AM
finance.yahoo.com logoVirtus ETF Solutions Rebrands BioShares ETFs; Moves Listings for BBC, BBP to NYSE Arca
finance.yahoo.com - August 30 at 3:49 PM
finance.yahoo.com logoVirtus Investment Partners, Inc. : VRTS-US: Dividend Analysis : July 31st, 2017 (record date) : By the numbers : August 30, 2017
finance.yahoo.com - August 30 at 3:49 PM
americanbankingnews.com logoFinancial Survey: The Blackstone Group L.P. (BX) & Virtus Investment Partners (VRTS)
www.americanbankingnews.com - August 29 at 10:28 PM
americanbankingnews.com logoVirtus Investment Partners, Inc. (VRTS) Rating Reiterated by Jefferies Group LLC
www.americanbankingnews.com - August 19 at 9:02 PM
americanbankingnews.com logoVirtus Investment Partners, Inc. Plans Quarterly Dividend of $0.45 (VRTS)
www.americanbankingnews.com - August 18 at 5:22 PM
americanbankingnews.com logoVirtus Investment Partners, Inc. (VRTS) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - August 18 at 11:16 AM
streetinsider.com logoVirtus Investment Partners (VRTS) Declares $0.45 Quarterly Dividend; 1.6% Yield
www.streetinsider.com - August 18 at 8:38 AM
americanbankingnews.com logoVirtus Investment Partners, Inc. (VRTS) Stock Rating Lowered by BidaskClub
www.americanbankingnews.com - August 15 at 12:28 AM
finance.yahoo.com logoVirtus Investment Partners, Inc. breached its 50 day moving average in a Bearish Manner : VRTS-US : August 11, 2017
finance.yahoo.com - August 11 at 3:55 PM
finance.yahoo.com logoNewfleet Asset Management Names William Irvine Head of Institutional Business Development
finance.yahoo.com - August 10 at 3:41 PM
finance.yahoo.com logoMOVES-Duff & Phelps hires analyst to cover global utilities
finance.yahoo.com - August 10 at 3:41 PM
finance.yahoo.com logoMOVES-Newfleet Asset names institutional business development head
finance.yahoo.com - August 10 at 3:41 PM
americanbankingnews.com logoCredit Suisse Group Boosts Virtus Investment Partners, Inc. (VRTS) Price Target to $147.00
www.americanbankingnews.com - August 8 at 6:26 PM
finance.yahoo.com logoVirtus: Flying Under the Radar at a 'Two-Turn' Discount
finance.yahoo.com - August 1 at 7:37 AM
finance.yahoo.com logoEdited Transcript of VRTS earnings conference call or presentation 28-Jul-17 2:00pm GMT
finance.yahoo.com - July 30 at 7:14 AM
americanbankingnews.com logoVirtus Investment Partners, Inc. (VRTS) Announces Earnings Results, Beats Estimates By $0.02 EPS
www.americanbankingnews.com - July 28 at 4:47 PM
finance.yahoo.com logoVirtus Investment Partners Announces Financial Results for the Second Quarter 2017
finance.yahoo.com - July 28 at 9:47 AM
finance.yahoo.com logoVirtus reports 2Q loss
finance.yahoo.com - July 28 at 9:47 AM
finance.yahoo.com logoInvestor Network: Virtus Investment Partners, Inc. to Host Earnings Call
finance.yahoo.com - July 28 at 9:47 AM
americanbankingnews.com logoBidaskClub Lowers Virtus Investment Partners, Inc. (NASDAQ:VRTS) to Hold
www.americanbankingnews.com - July 25 at 2:14 PM
americanbankingnews.com logoHead-To-Head Contrast: Ares Management L.P. (ARES) vs. Virtus Investment Partners (NASDAQ:VRTS)
www.americanbankingnews.com - July 20 at 2:32 PM
americanbankingnews.com logoVirtus Investment Partners, Inc. (NASDAQ:VRTS) Scheduled to Post Earnings on Thursday
www.americanbankingnews.com - July 20 at 7:41 AM
americanbankingnews.com logoMorgan Stanley Lowers Virtus Investment Partners, Inc. (VRTS) Price Target to $110.00
www.americanbankingnews.com - July 17 at 5:58 PM
americanbankingnews.com logoVirtus Investment Partners, Inc. (NASDAQ:VRTS) Raised to Buy at BidaskClub
www.americanbankingnews.com - July 16 at 8:16 PM
finance.yahoo.com logoVirtus Investment Partners Reports Preliminary June 30, 2017 Assets Under Management
finance.yahoo.com - July 14 at 9:50 AM
seekingalpha.com logoVirtus Investment Partners reports June AUM
seekingalpha.com - July 14 at 9:20 AM
americanbankingnews.com logoVirtus Investment Partners, Inc. (NASDAQ:VRTS) Forecasted to Post Q2 2017 Earnings of $1.66 Per Share
www.americanbankingnews.com - July 13 at 8:13 AM
americanbankingnews.com logoVirtus Investment Partners, Inc. (VRTS) Rating Reiterated by Morgan Stanley
www.americanbankingnews.com - July 10 at 10:33 AM
americanbankingnews.com logoReviewing The Carlyle Group L.P. (CG) and Virtus Investment Partners (VRTS)
www.americanbankingnews.com - July 4 at 12:30 PM
finance.yahoo.com logoVirtus ETF Solutions Launches Alternative ETF
finance.yahoo.com - June 29 at 7:54 AM
americanbankingnews.com logoVirtus Investment Partners, Inc. (VRTS) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - June 27 at 10:56 AM
finance.yahoo.com logoETFs with exposure to Virtus Investment Partners, Inc. : June 15, 2017
finance.yahoo.com - June 15 at 3:54 PM
americanbankingnews.com logoVirtus Investment Partners, Inc. (VRTS) Downgraded by Zacks Investment Research
www.americanbankingnews.com - June 14 at 2:18 PM
finance.yahoo.com logoVirtus Investment Partners, Inc. breached its 50 day moving average in a Bullish Manner : VRTS-US : June 9, 2017
finance.yahoo.com - June 10 at 2:12 AM
finance.yahoo.com logoVirtus Total Return Fund Inc. Declares Distribution And Discloses Sources Of Distribution -- Section 19(a) Notice
finance.yahoo.com - June 8 at 1:55 AM
finance.yahoo.com logoVirtus Investment Partners Completes Acquisition of RidgeWorth Investments
finance.yahoo.com - June 2 at 5:47 AM
americanbankingnews.com logoVirtus Investment Partners Inc (VRTS) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - June 1 at 10:04 AM
americanbankingnews.com logoVirtus Investment Partners Inc (VRTS) Receives New Coverage from Analysts at Morgan Stanley
www.americanbankingnews.com - June 1 at 8:34 AM
americanbankingnews.com logoQ2 2017 Earnings Estimate for Virtus Investment Partners Inc (VRTS) Issued By Jefferies Group
www.americanbankingnews.com - May 26 at 7:53 AM
americanbankingnews.com logoQ3 2017 EPS Estimates for Virtus Investment Partners Inc (VRTS) Boosted by Analyst
www.americanbankingnews.com - May 25 at 7:36 AM
finance.yahoo.com logoUpdate in Lawsuit for Investors in Virtus Investment Partners Inc (NASDAQ: VRTS) Shares Announced by Shareholders Foundation
finance.yahoo.com - May 25 at 6:58 AM
americanbankingnews.com logoVirtus Investment Partners Inc (VRTS) Plans Quarterly Dividend of $0.45
www.americanbankingnews.com - May 23 at 5:52 PM

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Virtus Investment Partners (VRTS) Chart for Thursday, September, 21, 2017

This page was last updated on 9/21/2017 by MarketBeat.com Staff