Virtus Investment (VRTS) Hikes Its Quarterly Dividend by 18%
Virtus Investment (VRTS) increases its quarterly cash dividend to $2.25, marking an increase of 18%.
Virtus Investment Partners, Inc. (VRTS) Q2 2024 Earnings Call Transcript
Virtus Investment Partners, Inc. (NYSE:VRTS ) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET Company Participants Sean Rourke - IR George Aylward - CEO Mike Angerthal - CFO Conference Call Participants Crispin Love - Piper Sandler Bradley Hays - TD Cowen Michael Cyprys - Morgan Stanley Operator Good morning. My name is Dede, and I will be your conference operator today.
Virtus Investment Partners (VRTS) Q2 Earnings and Revenues Lag Estimates
Virtus Investment Partners (VRTS) came out with quarterly earnings of $6.53 per share, missing the Zacks Consensus Estimate of $6.61 per share. This compares to earnings of $5.43 per share a year ago.
Virtus Investment Partners (VRTS) Earnings Expected to Grow: Should You Buy?
Virtus (VRTS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Virtus Investment Partners (VRTS) have what it takes?
Why Virtus Investment Partners (VRTS) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Virtus Investment Partners (VRTS) have what it takes?
Why Virtus Investment Partners (VRTS) is a Top Dividend Stock for Your Portfolio
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Virtus Investment Partners (VRTS) have what it takes?
Virtus Investment's (VRTS) May AUM Rises 1.9% Sequentially
Virtus Investment's (VRTS) AUM balance in May 2024 reflects an improvement of 1.9% from the prior month's level.
Virtus Investment Partners (VRTS) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Virtus Investment Partners (VRTS) have what it takes?
Panagora Asset Management Inc. Decreases Stock Position in Virtus Investment Partners, Inc. (NASDAQ:VRTS)
Panagora Asset Management Inc. decreased its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS – Free Report) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,821 shares of the closed-end fund’s stock after selling 204 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.18% of Virtus Investment Partners worth $3,100,000 at the end of the most recent quarter. Several other large investors also recently added to or reduced their stakes in VRTS. Signaturefd LLC raised its stake in shares of Virtus Investment Partners by 44.9% during the 3rd quarter. Signaturefd LLC now owns 171 shares of the closed-end fund’s stock valued at $35,000 after purchasing an additional 53 shares during the period. Blue Trust Inc. lifted its holdings in shares of Virtus Investment Partners by 550.0% in the fourth quarter. Blue Trust Inc. now owns 182 shares of the closed-end fund’s stock worth $44,000 after buying an additional 154 shares in the last quarter. Everence Capital Management Inc. purchased a new position in Virtus Investment Partners during the fourth quarter valued at approximately $222,000. QRG Capital Management Inc. bought a new stake in Virtus Investment Partners during the 4th quarter worth approximately $250,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Virtus Investment Partners in the 3rd quarter worth approximately $285,000. Hedge funds and other institutional investors own 80.52% of the company’s stock. Wall Street Analyst Weigh In A number of research firms have recently commented on VRTS. StockNews.com lowered shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Morgan Stanley upped their target price on Virtus Investment Partners from $211.00 to $224.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 17th. TD Cowen lifted their price target on Virtus Investment Partners from $245.00 to $250.00 and gave the company a “hold” rating in a research report on Monday, April 29th. Finally, Piper Sandler cut their price objective on Virtus Investment Partners from $275.00 to $265.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Check Out Our Latest Stock Report on VRTS Virtus Investment Partners Trading Down 0.9 % Shares of Virtus Investment Partners stock opened at $233.34 on Monday. The firm has a market capitalization of $1.66 billion, a PE ratio of 10.07 and a beta of 1.50. Virtus Investment Partners, Inc. has a 12 month low of $168.78 and a 12 month high of $263.39. The business’s 50-day moving average price is $233.88 and its 200-day moving average price is $227.33. Virtus Investment Partners (NASDAQ:VRTS – Get Free Report) last issued its quarterly earnings results on Friday, April 26th. The closed-end fund reported $5.41 EPS for the quarter, meeting analysts’ consensus estimates of $5.41. The business had revenue of $200.24 million for the quarter, compared to analysts’ expectations of $203.54 million. Virtus Investment Partners had a net margin of 14.02% and a return on equity of 19.61%. As a group, analysts predict that Virtus Investment Partners, Inc. will post 26.43 earnings per share for the current fiscal year. Virtus Investment Partners Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be paid a dividend of $1.90 per share. The ex-dividend date is Wednesday, July 31st. This represents a $7.60 dividend on an annualized basis and a dividend yield of 3.26%. Virtus Investment Partners’s dividend payout ratio (DPR) is currently 45.78%. Virtus Investment Partners Profile (Free Report) 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. See Also Five stocks we like better than Virtus Investment Partners Basic Materials Stocks Investing Canada Goose Flies Higher Driven By DTC Growth How to invest in blue chip stocks CVS Health Stock Has a Silver Lining Called Value 3 Grocery Stocks That Are Proving They Are Still Essential Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Want to see what other hedge funds are holding VRTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtus Investment Partners, Inc. (NASDAQ:VRTS – Free Report).
