Virtus Investment Partners (NASDAQ:VRTS – Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Friday, July 28th. Analysts expect Virtus Investment Partners to post earnings of $5.85 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Virtus Investment Partners (NASDAQ:VRTS – Get Free Report) last issued its quarterly earnings results on Friday, April 28th. The closed-end fund reported $4.20 earnings per share for the quarter, beating the consensus estimate of $3.82 by $0.38. The business had revenue of $176.91 million for the quarter, compared to the consensus estimate of $176.22 million. Virtus Investment Partners had a net margin of 14.80% and a return on equity of 20.17%. On average, analysts expect Virtus Investment Partners to post $23 EPS for the current fiscal year and $27 EPS for the next fiscal year.
Virtus Investment Partners Stock Performance
Shares of NASDAQ VRTS opened at $216.68 on Friday. The stock has a market cap of $1.58 billion, a PE ratio of 13.12 and a beta of 1.58. Virtus Investment Partners has a 1 year low of $141.80 and a 1 year high of $248.23. The firm has a fifty day moving average price of $198.97 and a 200-day moving average price of $196.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 22.77 and a quick ratio of 22.77.
Virtus Investment Partners Announces Dividend
Analysts Set New Price Targets
Several equities analysts recently weighed in on VRTS shares. Piper Sandler raised shares of Virtus Investment Partners from a “neutral” rating to an “overweight” rating and raised their target price for the company from $248.00 to $260.00 in a research note on Monday, March 27th. StockNews.com started coverage on Virtus Investment Partners in a research report on Thursday, May 18th. They set a “hold” rating for the company.
Hedge Funds Weigh In On Virtus Investment Partners
Several large investors have recently modified their holdings of VRTS. BlackRock Inc. boosted its stake in Virtus Investment Partners by 2.3% during the first quarter. BlackRock Inc. now owns 1,188,513 shares of the closed-end fund’s stock worth $285,232,000 after buying an additional 27,115 shares during the period. Vanguard Group Inc. lifted its holdings in Virtus Investment Partners by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 896,632 shares of the closed-end fund’s stock valued at $215,182,000 after buying an additional 48,669 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Virtus Investment Partners by 7.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 286,767 shares of the closed-end fund’s stock valued at $54,593,000 after buying an additional 20,110 shares during the period. State Street Corp increased its position in shares of Virtus Investment Partners by 2.7% during the first quarter. State Street Corp now owns 284,333 shares of the closed-end fund’s stock worth $54,134,000 after acquiring an additional 7,502 shares during the period. Finally, FMR LLC raised its stake in shares of Virtus Investment Partners by 4.9% during the first quarter. FMR LLC now owns 183,117 shares of the closed-end fund’s stock valued at $34,864,000 after acquiring an additional 8,542 shares in the last quarter. Institutional investors own 81.54% of the company’s stock.
Virtus Investment Partners Company Profile
Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.
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