News stories about Virtus Investment Partners (NASDAQ:VRTS) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Virtus Investment Partners earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the closed-end fund an impact score of 45.142293453511 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Head to Head Comparison: Virtus Investment Partners (VRTS) versus its Rivals (americanbankingnews.com)
- Irvine takes senior role at Newfleet Asset Management (hartfordbusiness.com)
- Barclays PLC Begins Coverage on Virtus Investment Partners, Inc. (VRTS) (americanbankingnews.com)
- Analyzing The Blackstone Group L.P. (BX) and Virtus Investment Partners (VRTS) (americanbankingnews.com)
Shares of Virtus Investment Partners (VRTS) opened at 107.10 on Tuesday. Virtus Investment Partners has a 52 week low of $87.98 and a 52 week high of $128.10. The firm has a market capitalization of $772.94 million, a P/E ratio of 20.84 and a beta of 1.74. The firm’s 50-day moving average is $110.43 and its 200 day moving average is $108.06.
Virtus Investment Partners (NASDAQ:VRTS) last announced its quarterly earnings results on Friday, July 28th. The closed-end fund reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by $0.05. The firm had revenue of $94.10 million for the quarter, compared to the consensus estimate of $91.78 million. Virtus Investment Partners had a return on equity of 11.35% and a net margin of 12.13%. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share. Equities research analysts forecast that Virtus Investment Partners will post $7.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.68%. Virtus Investment Partners’s dividend payout ratio is 35.02%.
A number of equities research analysts have recently commented on VRTS shares. Morgan Stanley started coverage on Virtus Investment Partners in a research report on Thursday, June 1st. They set an “equal weight” rating and a $105.00 price objective for the company. Zacks Investment Research downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. BidaskClub upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Credit Suisse Group upgraded Virtus Investment Partners from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $141.00 to $147.00 in a research report on Monday, July 31st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $117.00 price objective on shares of Virtus Investment Partners in a research report on Friday, August 18th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Virtus Investment Partners presently has an average rating of “Hold” and an average price target of $119.83.
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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