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:
- Sector: Finance
- Industry: Investment Management
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NASDAQ:VRTS
- CUSIP: 92828Q10
- Web: www.virtus.com
Capitalization:- Market Cap: $806.96 million
- Outstanding Shares: 7,217,000
Average Prices:- 50 Day Moving Avg: $109.68
- 200 Day Moving Avg: $108.08
- 52 Week Range: $90.39 - $128.10
P/E:- Trailing P/E Ratio: 21.76
- Foreward P/E Ratio: 10.92
- P/E Growth: 0.57
Sales & Book Value:- Annual Revenue: $336.08 million
- Price / Sales: 2.43
- Book Value: $64.11 per share
- Price / Book: 1.77
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: 53,064 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. Investors 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 annualized dividend and a yield of 1.59%. 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) posted its earnings results on Friday, July, 28th. The company reported $1.61 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.66 by $0.05. The company had revenue of $94.10 million for the quarter, compared to the consensus estimate of $91.78 million. Virtus Investment Partners had a net margin of 12.13% and a return on equity of 11.35%. Virtus Investment Partners's quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.24 earnings per share. 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 2017?
5 analysts have issued 12-month price targets for Virtus Investment Partners' stock. Their predictions range from $110.00 to $147.00. On average, they anticipate Virtus Investment Partners' stock price to reach $119.40 in the next year. 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?
Some companies that are related to Virtus Investment Partners include OM Asset Management PLC (OMAM), Ares Management L.P. (ARES), Rathbone Brothers plc (RAT), WisdomTree Investments (WETF), Hamilton Lane (HLNE), Brewin Dolphin Holdings plc (BRW), Pzena Investment Management (PZN), Polar Capital Holdings plc (POLR), Mortgage Advice Bureau (Holdings) PLC (MAB1), Liontrust Asset Management PLC (LIO), Charles Stanley Group plc (CAY), Fifth Street Asset Management (FSAM), Premier Asset Management Group PLC (PAM), Impax Asset Management Group Plc (IPX), City of London Investment Group PLC (CLIG), Miton Group PLC (MGR), Manning & Napier (MN) and Medley Management (MDLY).
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 many different 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 $113.35.
MarketBeat Community Rating for Virtus Investment Partners (NASDAQ 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.
Consensus Ratings for Virtus Investment Partners (NASDAQ:VRTS) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 4 Hold Ratings |
| Consensus Rating: | Hold (Score: 1.80) |
| Consensus Price Target: | $119.40 (5.34% upside) |
Analysts' Ratings History for Virtus Investment Partners (NASDAQ:VRTS)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/8/2017 | Barclays PLC | Initiated Coverage | Equal Weight -> Equal Weight | $113.00 | Low |  |
| 8/18/2017 | Jefferies Group LLC | Reiterated Rating | Hold | $117.00 | Low | |
| 8/8/2017 | Credit Suisse Group | Boost Price Target | Outperform -> Neutral | $141.00 -> $147.00 | Low | |
| 7/17/2017 | Morgan Stanley | Set Price Target | Hold | $114.00 -> $110.00 | Low | |
| 1/31/2017 | Bank of America Corporation | Initiated Coverage | Underperform -> Underperform | $110.00 | N/A | |
| 4/12/2016 | Sandler O'Neill | Lower Price Target | | $91.00 -> $71.00 | N/A | |
(Data available from 9/19/2015 forward)
Earnings History for Virtus Investment Partners (NASDAQ:VRTS)Earnings History by Quarter for Virtus Investment Partners (NASDAQ VRTS)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/26/2017 | | $2.35 | | | | | 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 | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Virtus Investment Partners (NASDAQ:VRTS)2017 EPS Consensus Estimate: $7.77
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $1.60 | $1.60 | $1.60 |
| Q2 2017 | 1 | $1.66 | $1.66 | $1.66 |
| Q3 2017 | 1 | $2.18 | $2.18 | $2.18 |
| Q4 2017 | 1 | $2.33 | $2.33 | $2.33 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Virtus Investment Partners (NASDAQ:VRTS)| Next Dividend: | 11/15/2017 |
| Annual Dividend: | $1.80 |
| Dividend Yield: | 1.59% |
| Payout Ratio: | 35.02% (Trailing 12 Months of Earnings)
23.32% (Based on This Year's Estimates)
17.34% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Virtus Investment Partners (NASDAQ VRTS)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/18/2017 | quarterly | $0.45 | 1.7% | 10/30/2017 | 10/31/2017 | 11/15/2017 |
| 5/23/2017 | quarterly | $0.45 | 1.73% | 7/27/2017 | 7/31/2017 | 8/14/2017 |
| 2/17/2017 | quarterly | $0.45 | 1.62% | 4/26/2017 | 4/28/2017 | 5/10/2017 |
| 12/8/2016 | Quarterly | $0.45 | | 1/27/2017 | 1/31/2017 | 2/10/2017 |
| 8/18/2016 | Quarterly | $0.45 | | 10/27/2016 | 10/31/2016 | 11/11/2016 |
| 5/26/2016 | Quarterly | $0.45 | | 7/27/2016 | 7/29/2016 | 8/12/2016 |
| 2/18/2016 | Quarterly | $0.45 | | 4/27/2016 | 4/29/2016 | 5/13/2016 |
| 12/17/2015 | Quarterly | $0.45 | | 1/27/2016 | 1/29/2016 | 2/12/2016 |
| 8/17/2015 | Quarterly | $0.45 | | 10/28/2015 | 10/31/2015 | 11/13/2015 |
| 5/29/2015 | quarterly | $0.45 | 1.45% | 7/29/2015 | 7/31/2015 | 8/14/2015 |
| 2/20/2015 | quarterly | $0.45 | 1.24% | 4/28/2015 | 4/30/2015 | 5/13/2015 |
| 12/10/2014 | quarterly | $0.45 | 1.13% | 1/28/2015 | 1/30/2015 | 2/13/2015 |
| 8/14/2014 | quarterly | $0.45 | 0.87% | 10/29/2014 | 10/31/2014 | 11/14/2014 |
| 5/15/2014 | quarterly | $0.45 | | 7/29/2014 | 7/31/2014 | 8/14/2014 |
(Data available from 1/1/2013 forward)
Headline Trends for Virtus Investment Partners (NASDAQ:VRTS)
Latest Headlines for Virtus Investment Partners (NASDAQ:VRTS)
| Source: |
|
| Date | Headline |
|---|
 | Contrasting Virtus Investment Partners (VRTS) & The Competition
www.americanbankingnews.com - September 17 at 10:32 PM |
| Virtus Investment Partners, Inc. (VRTS) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - September 12 at 11:00 AM |
| Head to Head Comparison: Virtus Investment Partners (VRTS) versus its Rivals
www.americanbankingnews.com - September 10 at 6:26 PM |
| Barclays PLC Begins Coverage on Virtus Investment Partners, Inc. (VRTS)
www.americanbankingnews.com - September 8 at 11:14 PM |
| Analyzing The Blackstone Group L.P. (BX) and Virtus Investment Partners (VRTS)
www.americanbankingnews.com - September 6 at 2:08 AM |
| Virtus Investment Partners (VRTS) & OM Asset Management PLC (OMAM) Critical Analysis
www.americanbankingnews.com - September 4 at 2:12 AM |
| Virtus Investment Partners, Inc. (VRTS) Stock Rating Lowered by ValuEngine
www.americanbankingnews.com - September 2 at 12:06 AM |
 | Virtus ETF Solutions Rebrands BioShares ETFs; Moves Listings for BBC, BBP to NYSE Arca
finance.yahoo.com - August 30 at 3:49 PM |
| Virtus 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 |
| Financial Survey: The Blackstone Group L.P. (BX) & Virtus Investment Partners (VRTS)
www.americanbankingnews.com - August 29 at 10:28 PM |
| Virtus Investment Partners, Inc. (VRTS) Rating Reiterated by Jefferies Group LLC
www.americanbankingnews.com - August 19 at 9:02 PM |
| Virtus Investment Partners, Inc. Plans Quarterly Dividend of $0.45 (VRTS)
www.americanbankingnews.com - August 18 at 5:22 PM |
| Virtus Investment Partners, Inc. (VRTS) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - August 18 at 11:16 AM |
 | Virtus Investment Partners (VRTS) Declares $0.45 Quarterly Dividend; 1.6% Yield
www.streetinsider.com - August 18 at 8:38 AM |
| Virtus Investment Partners, Inc. (VRTS) Stock Rating Lowered by BidaskClub
www.americanbankingnews.com - August 15 at 12:28 AM |
| Virtus 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 |
| Newfleet Asset Management Names William Irvine Head of Institutional Business Development
finance.yahoo.com - August 10 at 3:41 PM |
| MOVES-Duff & Phelps hires analyst to cover global utilities
finance.yahoo.com - August 10 at 3:41 PM |
| MOVES-Newfleet Asset names institutional business development head
finance.yahoo.com - August 10 at 3:41 PM |
| Credit Suisse Group Boosts Virtus Investment Partners, Inc. (VRTS) Price Target to $147.00
www.americanbankingnews.com - August 8 at 6:26 PM |
| Virtus: Flying Under the Radar at a 'Two-Turn' Discount
finance.yahoo.com - August 1 at 7:37 AM |
| Edited Transcript of VRTS earnings conference call or presentation 28-Jul-17 2:00pm GMT
finance.yahoo.com - July 30 at 7:14 AM |
| Virtus Investment Partners, Inc. (VRTS) Announces Earnings Results, Beats Estimates By $0.02 EPS
www.americanbankingnews.com - July 28 at 4:47 PM |
| Virtus Investment Partners Announces Financial Results for the Second Quarter 2017
finance.yahoo.com - July 28 at 9:47 AM |
| Virtus reports 2Q loss
finance.yahoo.com - July 28 at 9:47 AM |
| Investor Network: Virtus Investment Partners, Inc. to Host Earnings Call
finance.yahoo.com - July 28 at 9:47 AM |
| BidaskClub Lowers Virtus Investment Partners, Inc. (NASDAQ:VRTS) to Hold
www.americanbankingnews.com - July 25 at 2:14 PM |
| Head-To-Head Contrast: Ares Management L.P. (ARES) vs. Virtus Investment Partners (NASDAQ:VRTS)
www.americanbankingnews.com - July 20 at 2:32 PM |
| Virtus Investment Partners, Inc. (NASDAQ:VRTS) Scheduled to Post Earnings on Thursday
www.americanbankingnews.com - July 20 at 7:41 AM |
| Morgan Stanley Lowers Virtus Investment Partners, Inc. (VRTS) Price Target to $110.00
www.americanbankingnews.com - July 17 at 5:58 PM |
| Virtus Investment Partners, Inc. (NASDAQ:VRTS) Raised to Buy at BidaskClub
www.americanbankingnews.com - July 16 at 8:16 PM |
| Virtus Investment Partners Reports Preliminary June 30, 2017 Assets Under Management
finance.yahoo.com - July 14 at 9:50 AM |
 | Virtus Investment Partners reports June AUM
seekingalpha.com - July 14 at 9:20 AM |
| Virtus 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 |
| Virtus Investment Partners, Inc. (VRTS) Rating Reiterated by Morgan Stanley
www.americanbankingnews.com - July 10 at 10:33 AM |
| Reviewing The Carlyle Group L.P. (CG) and Virtus Investment Partners (VRTS)
www.americanbankingnews.com - July 4 at 12:30 PM |
| Virtus ETF Solutions Launches Alternative ETF
finance.yahoo.com - June 29 at 7:54 AM |
| Virtus Investment Partners, Inc. (VRTS) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - June 27 at 10:56 AM |
| ETFs with exposure to Virtus Investment Partners, Inc. : June 15, 2017
finance.yahoo.com - June 15 at 3:54 PM |
| Virtus Investment Partners, Inc. (VRTS) Downgraded by Zacks Investment Research
www.americanbankingnews.com - June 14 at 2:18 PM |
| Virtus 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 |
| Virtus Total Return Fund Inc. Declares Distribution And Discloses Sources Of Distribution -- Section 19(a) Notice
finance.yahoo.com - June 8 at 1:55 AM |
| Virtus Investment Partners Completes Acquisition of RidgeWorth Investments
finance.yahoo.com - June 2 at 5:47 AM |
| Virtus Investment Partners Inc (VRTS) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - June 1 at 10:04 AM |
| Virtus Investment Partners Inc (VRTS) Receives New Coverage from Analysts at Morgan Stanley
www.americanbankingnews.com - June 1 at 8:34 AM |
| Q2 2017 Earnings Estimate for Virtus Investment Partners Inc (VRTS) Issued By Jefferies Group
www.americanbankingnews.com - May 26 at 7:53 AM |
| Q3 2017 EPS Estimates for Virtus Investment Partners Inc (VRTS) Boosted by Analyst
www.americanbankingnews.com - May 25 at 7:36 AM |
| Update 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 |
| Virtus Investment Partners Inc (VRTS) Plans Quarterly Dividend of $0.45
www.americanbankingnews.com - May 23 at 5:52 PM |
| Virtus Investment Partners (VRTS) Declares $0.45 Quarterly Dividend; 1.7% Yield
www.streetinsider.com - May 23 at 8:18 AM |
Virtus Investment Partners (VRTS) Chart for Tuesday, September, 19, 2017
