Wall Street brokerages expect Virtus Investment Partners Inc (NASDAQ:VRTS) to report $3.69 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for Virtus Investment Partners’ earnings. The lowest EPS estimate is $3.67 and the highest is $3.71. Virtus Investment Partners reported earnings of $3.64 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 1.4%. The firm is scheduled to announce its next earnings results before the market opens on Friday, October 25th.

According to Zacks, analysts expect that Virtus Investment Partners will report full year earnings of $13.64 per share for the current year, with EPS estimates ranging from $13.62 to $13.66. For the next year, analysts anticipate that the firm will report earnings of $13.83 per share, with EPS estimates ranging from $12.96 to $14.69. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Virtus Investment Partners.

Virtus Investment Partners (NASDAQ:VRTS) last announced its quarterly earnings data on Friday, July 26th. The closed-end fund reported $3.63 EPS for the quarter, topping the Zacks’ consensus estimate of $3.41 by $0.22. Virtus Investment Partners had a return on equity of 21.29% and a net margin of 13.86%. The firm had revenue of $140.49 million during the quarter, compared to analyst estimates of $144.92 million. During the same period last year, the company posted $2.73 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year.

A number of equities research analysts have commented on VRTS shares. BidaskClub upgraded Virtus Investment Partners from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 16th. Morgan Stanley reduced their price target on Virtus Investment Partners from $108.00 to $106.00 and set an “equal weight” rating for the company in a report on Tuesday, October 8th. Bank of America upgraded Virtus Investment Partners from a “neutral” rating to a “buy” rating in a report on Monday, October 14th. Barclays reiterated a “hold” rating and set a $105.00 price target on shares of Virtus Investment Partners in a report on Wednesday, October 9th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Virtus Investment Partners in a report on Saturday, October 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $108.33.

Several institutional investors have recently made changes to their positions in VRTS. Renaissance Technologies LLC acquired a new stake in shares of Virtus Investment Partners during the 2nd quarter valued at about $4,041,000. Clark Capital Management Group Inc. acquired a new stake in shares of Virtus Investment Partners during the 2nd quarter valued at about $3,410,000. Nuveen Asset Management LLC lifted its holdings in shares of Virtus Investment Partners by 755.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 30,058 shares of the closed-end fund’s stock valued at $3,229,000 after buying an additional 26,543 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Virtus Investment Partners by 170.5% during the 2nd quarter. Morgan Stanley now owns 33,666 shares of the closed-end fund’s stock valued at $3,617,000 after buying an additional 21,219 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Virtus Investment Partners during the 1st quarter valued at about $1,817,000. Institutional investors and hedge funds own 90.40% of the company’s stock.

Shares of NASDAQ VRTS opened at $98.64 on Monday. Virtus Investment Partners has a one year low of $70.00 and a one year high of $126.55. The firm has a market capitalization of $679.00 million, a PE ratio of 8.05, a PEG ratio of 1.82 and a beta of 1.54. The company has a current ratio of 27.91, a quick ratio of 27.91 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average price of $107.43 and a two-hundred day moving average price of $108.50.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.72%. This is a positive change from Virtus Investment Partners’s previous quarterly dividend of $0.55. The ex-dividend date is Wednesday, October 30th. Virtus Investment Partners’s payout ratio is currently 17.94%.

About Virtus Investment Partners

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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