Virtus Investment Partners (VRTS) to Release Earnings on Friday

Virtus Investment Partners (NASDAQ:VRTS) is expected to post its quarterly earnings results before the market opens on Friday, January 31st. Analysts expect Virtus Investment Partners to post earnings of $7.62 per share and revenue of $214.02 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Virtus Investment Partners Price Performance

Shares of VRTS traded up $4.52 during mid-day trading on Tuesday, hitting $214.74. 31,593 shares of the company traded hands, compared to its average volume of 34,841. Virtus Investment Partners has a one year low of $190.42 and a one year high of $263.39. 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 business has a 50-day moving average of $227.12 and a 200 day moving average of $219.73. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 13.05 and a beta of 1.48.

Virtus Investment Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 31st will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $9.00 annualized dividend and a dividend yield of 4.19%. Virtus Investment Partners’s dividend payout ratio (DPR) is currently 54.71%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays decreased their price target on shares of Virtus Investment Partners from $239.00 to $221.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Morgan Stanley raised their price objective on shares of Virtus Investment Partners from $224.00 to $228.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. StockNews.com cut shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, Piper Sandler reduced their price objective on shares of Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $238.50.

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.