Virtus Investment Partners, Inc. (NASDAQ:VRTS) – Stock analysts at Jefferies Group issued their FY2019 EPS estimates for Virtus Investment Partners in a research note issued to investors on Tuesday. Jefferies Group analyst S. Thind anticipates that the closed-end fund will post earnings of $12.36 per share for the year. Jefferies Group has a “Hold” rating and a $127.00 price target on the stock.

Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, July 28th. The closed-end fund reported $1.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.05). Virtus Investment Partners had a net margin of 12.13% and a return on equity of 11.35%. The company had revenue of $94.10 million for the quarter, compared to analyst estimates of $91.78 million. During the same period in the previous year, the business posted $1.24 EPS. The firm’s quarterly revenue was up 17.5% on a year-over-year basis.

TRADEMARK VIOLATION NOTICE: This news story was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/12/equities-analysts-set-expectations-for-virtus-investment-partners-inc-s-fy2019-earnings-vrts.html.

Several other analysts have also recently weighed in on VRTS. Morgan Stanley reissued an “equal weight” rating and set a $114.00 price objective (up from $105.00) on shares of Virtus Investment Partners in a report on Monday, July 10th. BidaskClub raised Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Credit Suisse Group raised Virtus Investment Partners from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $141.00 to $147.00 in a report on Monday, July 31st. ValuEngine cut Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Barclays PLC started coverage on Virtus Investment Partners in a report on Friday, September 8th. They set an “equal weight” rating and a $113.00 price objective for the company. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Virtus Investment Partners currently has an average rating of “Hold” and an average price target of $129.33.

Virtus Investment Partners (NASDAQ VRTS) traded up 0.41% during trading on Thursday, hitting $122.05. 32,356 shares of the stock traded hands. Virtus Investment Partners has a 52 week low of $92.80 and a 52 week high of $128.10. The firm’s 50-day moving average is $112.05 and its 200 day moving average is $109.33. The stock has a market cap of $880.83 million, a P/E ratio of 23.75 and a beta of 1.76.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, October 30th. This represents a $1.80 annualized dividend and a yield of 1.48%. Virtus Investment Partners’s dividend payout ratio is currently 35.02%.

A number of large investors have recently made changes to their positions in the business. Prudential Financial Inc. increased its stake in shares of Virtus Investment Partners by 14.8% in the 1st quarter. Prudential Financial Inc. now owns 11,218 shares of the closed-end fund’s stock valued at $1,188,000 after acquiring an additional 1,448 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in shares of Virtus Investment Partners in the 1st quarter valued at about $1,739,000. Texas Permanent School Fund increased its stake in shares of Virtus Investment Partners by 15.0% in the 1st quarter. Texas Permanent School Fund now owns 4,690 shares of the closed-end fund’s stock valued at $497,000 after acquiring an additional 610 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Virtus Investment Partners in the 2nd quarter valued at about $579,000. Finally, UBS Group AG increased its stake in shares of Virtus Investment Partners by 62.8% in the 1st quarter. UBS Group AG now owns 15,717 shares of the closed-end fund’s stock valued at $1,664,000 after acquiring an additional 6,065 shares during the last quarter. 95.86% of the stock is owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates 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.