Equities analysts expect Virtus Investment Partners Inc (NASDAQ:VRTS) to post earnings of $2.17 per share for the current quarter, according to Zacks. Zero analysts have made estimates for Virtus Investment Partners’ earnings. Virtus Investment Partners reported earnings of $2.59 per share during the same quarter last year, which would indicate a negative year over year growth rate of 16.2%. The firm is expected to report its next earnings report on Friday, April 26th.
According to Zacks, analysts expect that Virtus Investment Partners will report full-year earnings of $10.77 per share for the current financial year, with EPS estimates ranging from $10.31 to $11.23. For the next year, analysts expect that the firm will post earnings of $9.87 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Virtus Investment Partners.
Virtus Investment Partners (NASDAQ:VRTS) last announced its earnings results on Friday, February 1st. The closed-end fund reported $3.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $3.06. Virtus Investment Partners had a net margin of 13.68% and a return on equity of 19.85%. The company had revenue of $138.10 million during the quarter, compared to the consensus estimate of $143.54 million. During the same period last year, the firm earned $2.60 earnings per share. Virtus Investment Partners’s revenue was up 7.9% compared to the same quarter last year.
Several research firms have recently commented on VRTS. Morgan Stanley set a $92.00 price objective on shares of Virtus Investment Partners and gave the stock a “hold” rating in a research note on Friday. BidaskClub raised shares of Virtus Investment Partners from a “strong sell” rating to a “sell” rating in a report on Thursday, January 17th. Credit Suisse Group set a $113.00 target price on shares of Virtus Investment Partners and gave the stock an “outperform” rating in a report on Monday, January 14th. Zacks Investment Research cut shares of Virtus Investment Partners from a “hold” rating to a “sell” rating in a report on Saturday, January 5th. Finally, Sandler O’Neill began coverage on shares of Virtus Investment Partners in a report on Thursday, December 20th. They set a “buy” rating and a $94.00 target price for the company. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $106.67.
NASDAQ:VRTS opened at $92.00 on Tuesday. Virtus Investment Partners has a 12 month low of $70.00 and a 12 month high of $138.02. The firm has a market cap of $663.35 million, a PE ratio of 7.50, a P/E/G ratio of 0.53 and a beta of 1.47.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, January 31st will be issued a dividend of $0.55 per share. The ex-dividend date is Wednesday, January 30th. This represents a $2.20 annualized dividend and a dividend yield of 2.39%. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 17.94%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. WCM Investment Management LLC increased its holdings in Virtus Investment Partners by 63.5% in the fourth quarter. WCM Investment Management LLC now owns 73,656 shares of the closed-end fund’s stock valued at $5,850,000 after buying an additional 28,597 shares in the last quarter. Texas Permanent School Fund increased its stake in shares of Virtus Investment Partners by 3.7% during the fourth quarter. Texas Permanent School Fund now owns 4,677 shares of the closed-end fund’s stock worth $371,000 after purchasing an additional 168 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Virtus Investment Partners by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 104,923 shares of the closed-end fund’s stock worth $8,334,000 after purchasing an additional 10,410 shares in the last quarter. BlackRock Inc. increased its stake in shares of Virtus Investment Partners by 1.9% during the fourth quarter. BlackRock Inc. now owns 1,075,246 shares of the closed-end fund’s stock worth $85,407,000 after purchasing an additional 19,717 shares in the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new stake in shares of Virtus Investment Partners during the fourth quarter worth about $929,000. 96.10% of the stock is owned by institutional investors.
Virtus Investment Partners Company Profile
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.
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