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NASDAQ:VRTSVirtus Investment Partners Stock Price, Forecast & News

$90.82
+1.75 (+1.96 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$86.85
Now: $90.82
$91.45
50-Day Range
$65.05
MA: $83.54
$95.47
52-Week Range
$55.37
Now: $90.82
$141.79
Volume43,800 shs
Average Volume76,933 shs
Market Capitalization$698.86 million
P/E Ratio10.74
Dividend Yield2.95%
Beta1.57
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: 3.3Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.37 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$24.35 per share
Book Value$83.66 per share

Profitability

Net Income$95.65 million

Miscellaneous

Employees577
Market Cap$698.86 million
Next Earnings Date7/24/2020 (Estimated)
OptionableNot Optionable

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Virtus Investment Partners (NASDAQ:VRTS) Frequently Asked Questions

How has Virtus Investment Partners' stock been impacted by COVID-19 (Coronavirus)?

Virtus Investment Partners' stock was trading at $92.66 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, VRTS stock has decreased by 2.0% and is now trading at $90.82. View which stocks have been most impacted by Coronavirus.

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, July 24th 2020. View our earnings forecast for Virtus Investment Partners.

How were Virtus Investment Partners' earnings last quarter?

Virtus Investment Partners Inc (NASDAQ:VRTS) issued its quarterly earnings results on Friday, May, 1st. The closed-end fund reported $3.32 EPS for the quarter, topping the Zacks' consensus estimate of $3.12 by $0.20. The closed-end fund had revenue of $127.11 million for the quarter, compared to analysts' expectations of $120.39 million. Virtus Investment Partners had a return on equity of 22.11% and a net margin of 12.06%. 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 announced a quarterly dividend on Friday, May 15th. Investors of record on Friday, July 31st will be paid a dividend of $0.67 per share on Friday, August 14th. This represents a $2.68 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Thursday, July 30th. View Virtus Investment Partners' dividend history.

What price target have analysts set for VRTS?

4 equities research analysts have issued 1-year target prices for Virtus Investment Partners' stock. Their forecasts range from $74.00 to $155.00. On average, they expect Virtus Investment Partners' share price to reach $106.00 in the next year. This suggests a possible upside of 16.7% from the stock's current price. View analysts' price targets for Virtus Investment Partners.

Has Virtus Investment Partners been receiving favorable news coverage?

News coverage about VRTS stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group 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 -5 to 5, with scores nearest to five being the most favorable. Virtus Investment Partners earned a media sentiment score of 1.4 on InfoTrie's scale. They also gave news headlines about the closed-end fund a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the company's share price in the near term. View the latest news aboutVirtus 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), Verizon Communications (VZ), Walt Disney (DIS), CVS Health (CVS), Honeywell International (HON), Alibaba Group (BABA), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Pfizer (PFE) and AT&T (T).

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.70%), State Street Corp (2.79%), WCM Investment Management LLC (1.83%), Peregrine Capital Management LLC (1.75%), Geode Capital Management LLC (1.32%) and Bank of New York Mellon Corp (1.20%). 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 Victory Capital Management Inc., Victory Capital Management Inc., Public Sector Pension Investment Board, AWH Capital L.P., Nuveen Asset Management LLC, Invesco Ltd., Healthcare of Ontario Pension Plan Trust Fund, and UBS Group AG. 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 BlackRock Inc., Philadelphia Financial Management of San Francisco LLC, JPMorgan Chase & Co., ClariVest Asset Management LLC, Morgan Stanley, AQR Capital Management LLC, State Street Corp, and Geode Capital Management LLC. 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 $90.82.

How big of a company is Virtus Investment Partners?

Virtus Investment Partners has a market capitalization of $698.86 million 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 5/26/2020 by MarketBeat.com Staff

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