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.
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.
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