Media headlines about Virtus Investment Partners (NASDAQ:VRTS) have trended somewhat negative on Saturday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Virtus Investment Partners earned a news impact score of 0.00 on Accern’s scale. Accern also gave media stories about the closed-end fund an impact score of 47.0032629273739 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Virtus Investment Partners (VRTS) traded up $1.45 during mid-day trading on Friday, reaching $111.90. The company had a trading volume of 49,700 shares, compared to its average volume of 73,046. The company has a market capitalization of $790.60, a PE ratio of 16.19, a P/E/G ratio of 0.58 and a beta of 1.86. Virtus Investment Partners has a 52-week low of $97.60 and a 52-week high of $128.10.
Virtus Investment Partners (NASDAQ:VRTS) last issued its earnings results on Friday, October 27th. The closed-end fund reported $2.30 EPS for the quarter, missing the consensus estimate of $2.38 by ($0.08). The firm had revenue of $123.70 million during the quarter, compared to the consensus estimate of $116.85 million. Virtus Investment Partners had a return on equity of 12.75% and a net margin of 11.64%. The firm’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same period last year, the business earned $1.64 earnings per share. analysts predict that Virtus Investment Partners will post 7.6 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.80 annualized dividend and a yield of 1.61%. Virtus Investment Partners’s dividend payout ratio (DPR) is currently 33.58%.
Several research firms have recently weighed in on VRTS. BidaskClub cut Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Barclays PLC increased their price objective on Virtus Investment Partners from $113.00 to $116.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 10th. Jefferies Group LLC reissued a “hold” rating and issued a $117.00 price objective on shares of Virtus Investment Partners in a research report on Friday, August 18th. Morgan Stanley set a $121.00 price objective on Virtus Investment Partners and gave the company a “hold” rating in a research report on Monday, October 23rd. Finally, ValuEngine cut Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $130.50.
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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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