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NASDAQ:VRTS

Virtus Investment Partners Stock Forecast, Price & News

$134.87
-1.18 (-0.87 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$134.42
Now: $134.87
$139.92
50-Day Range
$130.92
MA: $139.33
$144.95
52-Week Range
$55.37
Now: $134.87
$148.24
Volume90,075 shs
Average Volume64,062 shs
Market Capitalization$1.03 billion
P/E Ratio20.34
Dividend Yield1.97%
Beta1.7
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.83 out of 5 stars


Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:VRTS
CUSIP92828Q10
Phone800-248-7971

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$563.25 million
Cash Flow$24.34 per share
Book Value$83.66 per share

Profitability

Net Income$95.65 million

Miscellaneous

Employees577
Market Cap$1.03 billion
Next Earnings Date10/23/2020 (Estimated)
OptionableNot Optionable
$134.87
-1.18 (-0.87 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Virtus Investment Partners (NASDAQ:VRTS) Frequently Asked Questions

How has Virtus Investment Partners' stock been impacted by Coronavirus?

Virtus Investment Partners' stock was trading at $92.66 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, VRTS stock has increased by 45.6% and is now trading at $134.87.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Virtus Investment Partners?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Virtus Investment Partners in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Virtus Investment Partners
.

When is Virtus Investment Partners' next earnings date?

Virtus Investment Partners is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020.
View our earnings forecast for Virtus Investment Partners
.

How were Virtus Investment Partners' earnings last quarter?

Virtus Investment Partners Inc (NASDAQ:VRTS) announced its quarterly earnings results on Friday, July, 24th. The closed-end fund reported $3.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $3.05 by $0.19. The closed-end fund earned $118.08 million during the quarter, compared to analyst estimates of $118.05 million. Virtus Investment Partners had a net margin of 9.48% and a return on equity of 20.04%.
View Virtus Investment Partners' earnings history
.

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 Thursday, August 20th. Investors of record on Friday, October 30th will be paid a dividend of $0.82 per share on Friday, November 13th. This represents a $3.28 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Thursday, October 29th. This is a boost from Virtus Investment Partners's previous quarterly dividend of $0.67.
View Virtus Investment Partners' dividend history
.

What price target have analysts set for VRTS?

4 analysts have issued 12-month target prices for Virtus Investment Partners' stock. Their forecasts range from $154.00 to $185.00. On average, they expect Virtus Investment Partners' share price to reach $167.00 in the next twelve months. This suggests a possible upside of 23.8% from the stock's current price.
View analysts' price targets for Virtus Investment Partners
.

Who are some of Virtus Investment Partners' key competitors?

What other stocks do shareholders of Virtus Investment Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Virtus Investment Partners investors own include Home Depot (HD), CVS Health (CVS), Verizon Communications (VZ), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Walt Disney (DIS), Honeywell International (HON), AT&T (T), Visa (V) and Bristol-Myers Squibb (BMY).

Who are Virtus Investment Partners' key executives?

Virtus Investment Partners' management team includes the following people:
  • Mr. George Robert Aylward Jr., CPA, CPA, Pres, CEO & Director (Age 55)
  • Mr. Michael Aaron Angerthal CPA, CPA, Exec. VP, CFO & Treasurer (Age 52)
  • Mr. Francis George Waltman, Exec. VP of Product Management (Age 56)
  • Mr. William Patrick Bradley III, Exec. VP of Fund Services (Age 47)
  • Mr. Barry Mitchell Mandinach J.D., Exec. VP & Head of Distribution (Age 63)

What is Virtus Investment Partners' stock symbol?

Virtus Investment Partners trades on the NASDAQ under the ticker symbol "VRTS."

Who are Virtus Investment Partners' major shareholders?

Virtus Investment Partners' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.46%), WCM Investment Management LLC (1.97%), Point72 Asset Management L.P. (1.88%), Bank of America Corp DE (1.66%), Bank of New York Mellon Corp (1.27%) and Schonfeld Strategic Advisors LLC (1.14%).
View institutional ownership trends for Virtus Investment Partners
.

Which institutional investors are selling Virtus Investment Partners stock?

VRTS stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Point72 Asset Management L.P., Marshall Wace LLP, Sei Investments Co., ClariVest Asset Management LLC, AQR Capital Management LLC, Bowling Portfolio Management LLC, and Great West Life Assurance Co. Can.
View insider buying and selling activity for Virtus Investment Partners
.

Which institutional investors are buying Virtus Investment Partners stock?

VRTS stock was acquired by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Vanguard Group Inc., Charles Schwab Investment Management Inc., Schonfeld Strategic Advisors LLC, Nuveen Asset Management LLC, Prudential Financial Inc., SG Americas Securities LLC, and Clark Capital Management Group Inc..
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Virtus Investment Partners' stock price today?

One share of VRTS stock can currently be purchased for approximately $134.87.

How big of a company is Virtus Investment Partners?

Virtus Investment Partners has a market capitalization of $1.03 billion and generates $563.25 million in revenue each year. The closed-end fund earns $95.65 million in net income (profit) each year or $14.80 on an earnings per share basis. Virtus Investment Partners employs 577 workers across the globe.

What is Virtus Investment Partners' official website?

The official website for Virtus Investment Partners is www.virtus.com.

How can I contact Virtus Investment Partners?

Virtus Investment Partners' mailing address is ONE FINANCIAL PLAZA, HARTFORD CT, 06103. The closed-end fund can be reached via phone at 800-248-7971 or via email at [email protected]

This page was last updated on 9/24/2020 by MarketBeat.com Staff

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