NASDAQ:VRTS - Virtus Investment Partners Stock Price, News, & Analysis

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$94.27 -6.40 (-6.36 %)
(As of 11/20/2018 04:00 PM ET)
Previous Close$100.67
Today's Range$93.89 - $99.78
52-Week Range$93.89 - $138.02
Volume55,500 shs
Average Volume51,940 shs
Market Capitalization$735.46 million
P/E Ratio12.27
Dividend Yield2.14%
Beta1.4
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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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:VRTS
Previous Symbol
CUSIP92828Q10
Phone800-248-7971

Debt

Debt-to-Equity RatioN/A
Current Ratio4.87
Quick Ratio4.87

Price-To-Earnings

Trailing P/E Ratio12.27
Forward P/E Ratio7.51
P/E Growth0.34

Sales & Book Value

Annual Sales$425.61 million
Price / Sales1.58
Cash Flow$11.6671 per share
Price / Cash8.08
Book Value$69.07 per share
Price / Book1.36

Profitability

EPS (Most Recent Fiscal Year)$7.68
Net Income$37.01 million
Net Margins14.55%
Return on Equity19.05%
Return on Assets3.71%

Miscellaneous

Employees543
Outstanding Shares7,150,000
Market Cap$735.46 million
OptionableNot Optionable

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 Thursday, August 16th. Shareholders of record on Wednesday, October 31st will be given a dividend of $0.55 per share on Thursday, November 15th. This represents a $2.20 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend 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) released its quarterly earnings data on Friday, October, 26th. The closed-end fund reported $3.64 earnings per share for the quarter, beating analysts' consensus estimates of $3.34 by $0.30. The closed-end fund had revenue of $152.20 million for the quarter, compared to analysts' expectations of $149.06 million. Virtus Investment Partners had a net margin of 14.55% and a return on equity of 19.05%. Virtus Investment Partners's quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.30 EPS. View Virtus Investment Partners' Earnings History.

When is Virtus Investment Partners' next earnings date?

Virtus Investment Partners is scheduled to release their next quarterly earnings announcement on Friday, February 1st 2019. View Earnings Estimates for Virtus Investment Partners.

What price target have analysts set for VRTS?

5 Wall Street analysts have issued 1 year target prices for Virtus Investment Partners' shares. Their forecasts range from $111.00 to $150.00. On average, they anticipate Virtus Investment Partners' share price to reach $129.20 in the next twelve months. This suggests a possible upside of 37.1% from the stock's current price. View Analyst Price Targets for Virtus Investment Partners.

What is the consensus analysts' recommendation for Virtus Investment Partners?

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

Has Virtus Investment Partners been receiving favorable news coverage?

Media stories about VRTS stock have trended very positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Virtus Investment Partners earned a media sentiment score of 3.1 on InfoTrie's scale. They also gave media coverage about the closed-end fund a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an effect on the stock's share price in the near term.

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:
  • 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)

Who are Virtus Investment Partners' major shareholders?

Virtus Investment Partners' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.72%), Dimensional Fund Advisors LP (7.45%), Brown Advisory Inc. (6.04%), Victory Capital Management Inc. (5.52%), Huber Capital Management LLC (3.70%) and Peregrine Capital Management LLC (2.37%). 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 Huber Capital Management LLC, Victory Capital Management Inc., JPMorgan Chase & Co., JPMorgan Chase & Co., Brown Advisory Inc., New Amsterdam Partners LLC NY, Credit Suisse AG and Keybank National Association OH. View Insider Buying and Selling for Virtus Investment Partners.

Which institutional investors are buying Virtus Investment Partners stock?

VRTS stock was bought by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, BlackRock Inc., Hsbc Holdings PLC, Dimensional Fund Advisors LP, Philadelphia Financial Management of San Francisco LLC, Ontario Teachers Pension Plan Board, WCM Investment Management CA and Morgan Stanley. 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 $94.27.

How big of a company is Virtus Investment Partners?

Virtus Investment Partners has a market capitalization of $735.46 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.

What is Virtus Investment Partners' official website?

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

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)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  201 (Vote Outperform)
Underperform Votes:  319 (Vote Underperform)
Total Votes:  520
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.
This page was last updated on 11/20/2018 by MarketBeat.com Staff

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