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NASDAQ:VRTS

Virtus Investment Partners (VRTS) Stock Price, News & Analysis

Virtus Investment Partners logo
$242.06 +2.66 (+1.11%)
(As of 11/22/2024 ET)

About Virtus Investment Partners Stock (NASDAQ:VRTS)

Key Stats

Today's Range
$239.50
$244.42
50-Day Range
$203.98
$244.05
52-Week Range
$190.42
$263.39
Volume
31,198 shs
Average Volume
42,699 shs
Market Capitalization
$1.70 billion
P/E Ratio
14.71
Dividend Yield
3.72%
Price Target
$233.50
Consensus Rating
Reduce

Company Overview

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.

Virtus Investment Partners Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
45th Percentile Overall Score

VRTS MarketRank™: 

Virtus Investment Partners scored higher than 45% of companies evaluated by MarketBeat, and ranked 727th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Virtus Investment Partners has received a consensus rating of Reduce. The company's average rating score is 1.75, and is based on 1 buy rating, 1 hold rating, and 2 sell ratings.

  • Amount of Analyst Coverage

    Virtus Investment Partners has only been the subject of 2 research reports in the past 90 days.

  • Read more about Virtus Investment Partners' stock forecast and price target.
  • Earnings Growth

    Earnings for Virtus Investment Partners are expected to grow by 14.50% in the coming year, from $26.49 to $30.33 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Virtus Investment Partners is 14.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.55.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Virtus Investment Partners is 14.71, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.53.

  • Price to Book Value per Share Ratio

    Virtus Investment Partners has a P/B Ratio of 1.90. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Virtus Investment Partners' valuation and earnings.
  • Short Interest

    There is no current short interest data available for VRTS.
  • Dividend Leadership

    Virtus Investment Partners is a leading dividend payer. It pays a dividend yield of 3.87%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Virtus Investment Partners does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Virtus Investment Partners is 54.71%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Virtus Investment Partners will have a dividend payout ratio of 29.67% next year. This indicates that Virtus Investment Partners will be able to sustain or increase its dividend.

  • Read more about Virtus Investment Partners' dividend.
  • Short Interest

    There is no current short interest data available for VRTS.
  • News Sentiment

    Virtus Investment Partners has a news sentiment score of -0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.81 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Virtus Investment Partners this week, compared to 2 articles on an average week.
  • Search Interest

    5 people have searched for VRTS on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.
  • MarketBeat Follows

    1 people have added Virtus Investment Partners to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Virtus Investment Partners insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 6.10% of the stock of Virtus Investment Partners is held by insiders.

  • Percentage Held by Institutions

    80.52% of the stock of Virtus Investment Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Virtus Investment Partners' insider trading history.
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VRTS Stock News Headlines

TD Cowen Sticks to Its Hold Rating for Virtus Investment Partners (VRTS)
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Virtus Investment Partners reports preliminary AUM of $179.4B
Virtus Investment price target raised to $233 from $226 at TD Cowen
Virtus Investment Partners (VRTS) Gets a Sell from Morgan Stanley
See More Headlines

VRTS Stock Analysis - Frequently Asked Questions

Virtus Investment Partners' stock was trading at $241.76 at the beginning of 2024. Since then, VRTS shares have increased by 0.1% and is now trading at $242.06.
View the best growth stocks for 2024 here
.

Virtus Investment Partners, Inc. (NASDAQ:VRTS) posted its quarterly earnings data on Friday, February, 2nd. The closed-end fund reported $6.11 EPS for the quarter, topping the consensus estimate of $5.96 by $0.15. The closed-end fund had revenue of $214.59 million for the quarter, compared to the consensus estimate of $196.20 million. Virtus Investment Partners had a net margin of 13.43% and a trailing twelve-month return on equity of 20.64%.

Virtus Investment Partners subsidiaries include these companies: Sustainable Growth Advisers LP, RidgeWorth Investments, Ceredex Value Advisors LLC, Duff & Phelps Investment Management Co., ETF Distributors LLC, ETFis Holdings LLC, Kayne Anderson Rudnick Investment Management LLC, and more.

Top institutional shareholders of Virtus Investment Partners include State Street Corp (4.23%), Charles Schwab Investment Management Inc. (3.61%), Geode Capital Management LLC (2.16%) and WCM Investment Management LLC (1.61%).
View institutional ownership trends
.

Shares of VRTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Virtus Investment Partners investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Alphabet (GOOG).

Company Calendar

Last Earnings
2/02/2024
Ex-Dividend for 11/13 Dividend
10/31/2024
Dividend Payable
11/13/2024
Today
11/22/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/07/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Investment advice
Sub-Industry
Asset Management & Custody Banks
Current Symbol
NASDAQ:VRTS
CUSIP
92828Q10
Employees
770
Year Founded
2008

Price Target and Rating

Average Stock Price Target
$233.50
High Stock Price Target
$264.00
Low Stock Price Target
$206.00
Potential Upside/Downside
-3.5%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$130.62 million
Pretax Margin
22.65%

Debt

Sales & Book Value

Annual Sales
$845.27 million
Cash Flow
$33.85 per share
Book Value
$127.20 per share

Miscellaneous

Free Float
6,590,000
Market Cap
$1.70 billion
Optionable
Not Optionable
Beta
1.45

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This page (NASDAQ:VRTS) was last updated on 11/23/2024 by MarketBeat.com Staff
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