Virtus Investment Partners (VRTS) Projected to Release Earnings on Thursday

Virtus Investment Partners (NASDAQ:VRTS) will likely be announcing its results before the market opens on Thursday, July 30th. Analysts expect the company to announce earnings of $6.14 per share and revenue of $184.9950 million for the quarter.

Virtus Investment Partners Stock Up 1.1%

VRTS opened at $167.56 on Tuesday. Virtus Investment Partners has a 1-year low of $121.61 and a 1-year high of $203.61. The stock’s fifty day simple moving average is $149.26 and its 200 day simple moving average is $146.00. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.12 billion, a PE ratio of 9.91 and a beta of 1.38.

Virtus Investment Partners Announces Dividend

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 given a dividend of $2.40 per share. This represents a $9.60 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Friday, July 31st. Virtus Investment Partners’s payout ratio is 56.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VRTS shares. Piper Sandler decreased their price objective on shares of Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. TD Cowen lifted their target price on shares of Virtus Investment Partners from $136.00 to $147.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Barclays upped their price target on shares of Virtus Investment Partners from $125.00 to $141.00 and gave the company an “underweight” rating in a research note on Tuesday, July 14th. Finally, Morgan Stanley increased their price target on shares of Virtus Investment Partners from $112.00 to $119.00 and gave the company an “underweight” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Virtus Investment Partners has an average rating of “Reduce” and a consensus target price of $144.25.

Hedge Funds Weigh In On Virtus Investment Partners

Several hedge funds have recently bought and sold shares of VRTS. State Street Corp lifted its holdings in shares of Virtus Investment Partners by 0.5% during the 4th quarter. State Street Corp now owns 306,375 shares of the closed-end fund’s stock worth $49,985,000 after acquiring an additional 1,586 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Virtus Investment Partners by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 300,098 shares of the closed-end fund’s stock valued at $48,961,000 after acquiring an additional 2,917 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Virtus Investment Partners by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 297,128 shares of the closed-end fund’s stock valued at $48,477,000 after purchasing an additional 6,885 shares in the last quarter. Victory Capital Management Inc. raised its position in Virtus Investment Partners by 7.0% during the fourth quarter. Victory Capital Management Inc. now owns 245,344 shares of the closed-end fund’s stock valued at $40,028,000 after purchasing an additional 15,987 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Virtus Investment Partners by 6.9% during the fourth quarter. AQR Capital Management LLC now owns 122,725 shares of the closed-end fund’s stock worth $20,023,000 after purchasing an additional 7,958 shares during the last quarter. 80.52% of the stock is 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.