Virtus Investment Partners, Inc. (VRTS) Plans Quarterly Dividend of $0.45

Virtus Investment Partners, Inc. (NASDAQ:VRTS) declared a quarterly dividend on Friday, December 8th, Wall Street Journal reports. Stockholders of record on Wednesday, January 31st will be given a dividend of 0.45 per share by the closed-end fund on Thursday, February 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, January 30th.

Virtus Investment Partners (NASDAQ VRTS) traded down $1.30 on Friday, hitting $117.40. The stock had a trading volume of 29,578 shares, compared to its average volume of 42,433. Virtus Investment Partners has a fifty-two week low of $97.60 and a fifty-two week high of $128.10. The company has a market cap of $849.66, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 0.63 and a beta of 1.89.

Virtus Investment Partners (NASDAQ:VRTS) last posted its quarterly earnings results on Friday, October 27th. The closed-end fund reported $2.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.08). Virtus Investment Partners had a return on equity of 12.75% and a net margin of 11.64%. The firm had revenue of $123.70 million for the quarter, compared to the consensus estimate of $116.85 million. During the same period in the previous year, the company posted $1.64 EPS. Virtus Investment Partners’s quarterly revenue was up 50.3% compared to the same quarter last year. equities analysts anticipate that Virtus Investment Partners will post 7.52 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on the company. Jefferies Group reissued a “hold” rating and set a $117.00 price target on shares of Virtus Investment Partners in a research report on Friday, August 18th. BidaskClub raised Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Zacks Investment Research raised Virtus Investment Partners from a “hold” rating to a “strong-buy” rating and set a $133.00 price target on the stock in a research report on Thursday, September 28th. TheStreet raised Virtus Investment Partners from a “c+” rating to a “b” rating in a research report on Thursday, November 30th. Finally, ValuEngine downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $130.50.

TRADEMARK VIOLATION WARNING: This news story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://ledgergazette.com/2017/12/09/virtus-investment-partners-inc-vrts-plans-quarterly-dividend-of-0-45.html.

Virtus Investment Partners Company Profile

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.

Dividend History for Virtus Investment Partners (NASDAQ:VRTS)

Receive News & Ratings for Virtus Investment Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Investment Partners Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply