Virtus Investment Partners (VRTS) Projected to Post Earnings on Friday

Virtus Investment Partners (NASDAQ:VRTS) is projected to announce its results before the market opens on Friday, January 30th. Analysts expect the company to announce earnings of $6.60 per share and revenue of $194.2940 million for the quarter.

Virtus Investment Partners Stock Performance

Shares of NASDAQ VRTS opened at $168.44 on Friday. The stock has a market cap of $1.14 billion, a PE ratio of 9.97 and a beta of 1.47. Virtus Investment Partners has a 1 year low of $142.18 and a 1 year high of $215.28. The firm has a fifty day moving average price of $164.05 and a 200-day moving average price of $180.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86.

Virtus Investment Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Saturday, January 31st will be paid a $2.40 dividend. This represents a $9.60 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Friday, January 30th. Virtus Investment Partners’s dividend payout ratio is presently 49.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on VRTS shares. Barclays raised their price target on Virtus Investment Partners from $158.00 to $166.00 and gave the company an “underweight” rating in a report on Thursday, January 15th. TD Cowen decreased their target price on Virtus Investment Partners from $180.00 to $173.00 and set a “hold” rating on the stock in a research note on Wednesday, January 14th. Piper Sandler lowered their price target on Virtus Investment Partners from $225.00 to $218.00 and set an “overweight” rating on the stock in a report on Tuesday, December 23rd. Morgan Stanley cut their price objective on shares of Virtus Investment Partners from $173.00 to $168.00 and set an “underweight” rating for the company in a report on Wednesday, December 17th. Finally, Zacks Research upgraded shares of Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $181.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Virtus Investment Partners by 2.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,952 shares of the closed-end fund’s stock worth $681,000 after acquiring an additional 103 shares during the last quarter. Millennium Management LLC grew its holdings in Virtus Investment Partners by 10.8% during the 1st quarter. Millennium Management LLC now owns 58,788 shares of the closed-end fund’s stock valued at $10,133,000 after purchasing an additional 5,734 shares during the last quarter. Jane Street Group LLC raised its position in Virtus Investment Partners by 57.4% in the 1st quarter. Jane Street Group LLC now owns 15,543 shares of the closed-end fund’s stock worth $2,679,000 after purchasing an additional 5,671 shares during the period. Intech Investment Management LLC lifted its stake in Virtus Investment Partners by 20.8% in the first quarter. Intech Investment Management LLC now owns 6,587 shares of the closed-end fund’s stock worth $1,135,000 after purchasing an additional 1,134 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Virtus Investment Partners by 26.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 11,776 shares of the closed-end fund’s stock worth $2,136,000 after purchasing an additional 2,429 shares during the last quarter. 80.52% of the stock is currently owned by institutional investors.

Virtus Investment Partners Company Profile

Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.