Virtus Investment Partners (VRTS) to Announce Quarterly Earnings on Thursday

Virtus Investment Partners (NASDAQ:VRTS) will likely be posting its results before the market opens on Thursday, July 30th. Analysts expect Virtus Investment Partners to post earnings of $6.08 per share and revenue of $184.1810 million for the quarter.

Virtus Investment Partners Stock Up 0.6%

Shares of NASDAQ:VRTS opened at $164.32 on Thursday. The firm has a market cap of $1.10 billion, a PE ratio of 9.72 and a beta of 1.38. The company has a fifty day simple moving average of $147.74 and a 200 day simple moving average of $146.02. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. Virtus Investment Partners has a 12-month low of $121.61 and a 12-month high of $215.06.

Virtus Investment Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a dividend of $2.40 per share. This represents a $9.60 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Friday, July 31st. Virtus Investment Partners’s dividend payout ratio (DPR) is currently 56.50%.

Institutional Investors Weigh In On Virtus Investment Partners

Institutional investors have recently modified their holdings of the business. Caitlin John LLC acquired a new position in Virtus Investment Partners during the 4th quarter valued at approximately $266,000. VARCOV Co. acquired a new stake in Virtus Investment Partners in the fourth quarter worth $270,000. Caxton Associates LLP acquired a new stake in Virtus Investment Partners in the third quarter worth $312,000. Voleon Capital Management LP acquired a new stake in Virtus Investment Partners in the third quarter worth $350,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Virtus Investment Partners in the third quarter valued at $367,000. Institutional investors own 80.52% of the company’s stock.

Wall Street Analyst Weigh In

VRTS has been the topic of a number of recent analyst reports. Piper Sandler cut their target price on shares of Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, May 4th. Barclays boosted their price objective on Virtus Investment Partners from $125.00 to $141.00 and gave the company an “underweight” rating in a report on Tuesday, July 14th. TD Cowen increased their target price on Virtus Investment Partners from $136.00 to $147.00 and gave the stock a “hold” rating in a report on Monday. Finally, Morgan Stanley lifted their target price on Virtus Investment Partners from $112.00 to $119.00 and gave the stock an “underweight” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Virtus Investment Partners currently has a consensus rating of “Reduce” and a consensus target price of $144.25.

About Virtus Investment Partners

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.