Press coverage about Virtus Investment Partners (NASDAQ:VRTS) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Virtus Investment Partners earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the closed-end fund an impact score of 44.8810396915795 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. BidaskClub cut Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Morgan Stanley reiterated an “equal weight” rating and issued a $114.00 target price (up previously from $105.00) on shares of Virtus Investment Partners in a report on Monday, July 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $117.00 target price on shares of Virtus Investment Partners in a report on Friday, August 18th. Finally, ValuEngine cut Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $119.83.
Virtus Investment Partners (NASDAQ VRTS) opened at 111.80 on Monday. The company has a 50-day moving average price of $109.68 and a 200-day moving average price of $108.08. The firm has a market cap of $806.86 million, a PE ratio of 21.76 and a beta of 1.74. Virtus Investment Partners has a one year low of $90.39 and a one year high of $128.10.
Virtus Investment Partners (NASDAQ:VRTS) last posted its quarterly earnings results on Friday, July 28th. The closed-end fund reported $1.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.66 by ($0.05). Virtus Investment Partners had a return on equity of 11.35% and a net margin of 12.13%. The company had revenue of $94.10 million during the quarter, compared to analyst estimates of $91.78 million. During the same period last year, the company posted $1.24 earnings per share. The company’s revenue was up 17.5% compared to the same quarter last year. Equities analysts predict that Virtus Investment Partners will post $7.60 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, October 30th. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 35.02%.
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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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