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

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.

Key Stats

• Today's Range: $214.68 to $223.68
• 50-Day Range: $209.17 to $252.82
• 52-Week Range: $190.42 to $263.39
• Volume: 196,396 shs
• Average Volume: 42,888 shs
• Market Capitalization: $1.55 billion
• P/E Ratio: 13.43
• Dividend Yield: 4.07%
• Price Target: $247.00
• Consensus Rating: Reduce

Virtus Investment Partners Stock Analysis - MarketRank™

Virtus Investment Partners scored higher than 70% of companies evaluated by MarketBeat, and ranked 400th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.9 / 5
• Analyst Rating: Reduce

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 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 13.82%

Earnings Growth

Earnings for Virtus Investment Partners are expected to grow by 13.82% in the coming year, from $26.48 to $30.14 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Virtus Investment Partners is 13.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.45.

Price to Earnings Ratio vs. Sector

The P/E ratio of Virtus Investment Partners is 13.43, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 27.95.

Price to Book Value per Share Ratio

Virtus Investment Partners has a P/B Ratio of 1.83. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for VRTS.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Virtus Investment Partners is a leading dividend payer. It pays a dividend yield of 3.78%, 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 29.86% next year. This indicates that Virtus Investment Partners will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.5 / 5
• Environmental Score: -0.40

Short Interest

There is no current short interest data available for VRTS.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.22

News Sentiment

Virtus Investment Partners has a news sentiment score of 1.22. 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 higher news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Virtus Investment Partners this week, compared to 3 articles on an average week.

Search Interest

4 people have searched for VRTS on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

2 people have added Virtus Investment Partners to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

VRTS Stock Analysis - Frequently Asked Questions

How have VRTS shares performed this year?

Virtus Investment Partners' stock was trading at $241.76 at the beginning of the year. Since then, VRTS stock has decreased by 8.6% and is now trading at $221.00.
View the best growth stocks for 2024 here.

How were Virtus Investment Partners' earnings last quarter?

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

Does Virtus Investment Partners have any subsidiaries?

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 others.

Who are Virtus Investment Partners' major shareholders?

Virtus Investment Partners' top institutional investors 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.

How do I buy shares of Virtus Investment Partners?

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.

What other stocks do shareholders of Virtus Investment Partners own?

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: 12/21/2024
• Fiscal Year End: 12/31/2024
• Ex-Dividend for 2/12 Dividend: 1/31/2025
• Dividend Payable: 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Investment advice
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NASDAQ:VRTS
• CUSIP: 92828Q10
• CIK: 883237
• Web: www.virtus.com
• Phone: (800) 248-7971
• Fax: 860-241-1113
• Employees: 770
• Year Founded: 2008

Price Target and Rating

• Average Stock Price Target: $247.00
• High Stock Price Target: $274.00
• Low Stock Price Target: $228.00
• Potential Upside/Downside: +11.8%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $16.45
• Trailing P/E Ratio: 13.43
• Forward P/E Ratio: 8.35
• P/E Growth: N/A
• Net Income: $130.62 million
• Net Margins: 13.43%
• Pretax Margin: 22.65%
• Return on Equity: 20.64%
• Return on Assets: 5.00%

Debt

• Debt-to-Equity Ratio: 0.27
• Current Ratio: 11.86
• Quick Ratio: 11.86

Sales & Book Value

• Annual Sales: $884.28 million
• Price / Sales: 1.75
• Cash Flow: $29.99 per share
• Price / Cash Flow: 7.37
• Book Value: $120.85 per share
• Price / Book: 1.83

Miscellaneous

• Outstanding Shares: 7,018,000
• Free Float: 6,590,000
• Market Cap: $1.55 billion
• Optionable: Not Optionable
• Beta: 1.46