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

Virtus Investment Partners (NASDAQ:VRTS) is expected to be posting 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 Trading Up 2.2%

NASDAQ:VRTS opened at $171.28 on Wednesday. The company has a fifty day moving average of $150.03 and a 200 day moving average of $146.03. Virtus Investment Partners has a 52 week low of $121.61 and a 52 week high of $203.61. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.14 billion, a P/E ratio of 10.13 and a beta of 1.38.

Virtus Investment Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a $2.40 dividend. This represents a $9.60 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Friday, July 31st. Virtus Investment Partners’s dividend payout ratio (DPR) is 56.50%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of Virtus Investment Partners by 24.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 499 shares of the closed-end fund’s stock worth $81,000 after purchasing an additional 97 shares in the last quarter. Swiss National Bank raised its position in shares of Virtus Investment Partners by 0.8% during the 3rd quarter. Swiss National Bank now owns 12,700 shares of the closed-end fund’s stock valued at $2,413,000 after purchasing an additional 100 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Virtus Investment Partners by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,952 shares of the closed-end fund’s stock valued at $681,000 after buying an additional 103 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Virtus Investment Partners by 7.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,077 shares of the closed-end fund’s stock valued at $339,000 after buying an additional 147 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of Virtus Investment Partners by 90.4% during the 2nd quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock valued at $57,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 80.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on VRTS shares. Barclays boosted their price objective on shares of Virtus Investment Partners from $125.00 to $141.00 and gave the company an “underweight” rating in a research report on Tuesday, July 14th. TD Cowen increased 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. Morgan Stanley raised their target price on Virtus Investment Partners from $112.00 to $119.00 and gave the stock an “underweight” rating in a research note on Friday, June 26th. Finally, Piper Sandler reduced their price target on Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $144.25.

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.