Virtus Investment Partners Inc (VRTS) to Issue Quarterly Dividend of $0.45 on May 10th

Virtus Investment Partners Inc (NASDAQ:VRTS) announced a quarterly dividend on Friday, February 17th. Stockholders of record on Friday, April 28th will be given a dividend of 0.45 per share by the closed-end fund on Wednesday, May 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Wednesday, April 26th.

Shares of Virtus Investment Partners (NASDAQ:VRTS) opened at 111.50 on Friday. The firm has a market capitalization of $760.32 million, a P/E ratio of 17.98 and a beta of 1.84. The stock’s 50 day moving average price is $106.78 and its 200-day moving average price is $110.20. Virtus Investment Partners has a 12-month low of $67.76 and a 12-month high of $128.10.

Virtus Investment Partners (NASDAQ:VRTS) last posted its quarterly earnings results on Wednesday, January 25th. The closed-end fund reported $1.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.80 by $0.05. The business had revenue of $79.90 million for the quarter, compared to the consensus estimate of $81.07 million. Virtus Investment Partners had a return on equity of 9.22% and a net margin of 15.04%. The company’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period last year, the firm earned $1.37 earnings per share. On average, equities analysts expect that Virtus Investment Partners will post $7.71 EPS for the current year.

Dividend History for Virtus Investment Partners (NASDAQ:VRTS)

VRTS has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Virtus Investment Partners from a “strong-buy” rating to a “hold” rating in a research note on Saturday, December 31st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $124.00 target price on shares of Virtus Investment Partners in a research note on Wednesday, January 11th. Finally, Bank of America Corp initiated coverage on shares of Virtus Investment Partners in a research note on Tuesday, January 31st. They issued an “underperform” rating and a $110.00 target price for the company. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Virtus Investment Partners currently has a consensus rating of “Hold” and an average target price of $116.50.

TRADEMARK VIOLATION NOTICE: This article was posted by Mideast Time and is the property of of Mideast Time. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://www.mideasttime.com/virtus-investment-partners-inc-vrts-to-issue-quarterly-dividend-of-0-45-on-may-10th/1624484.html.

About Virtus Investment Partners

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.

5 Day Chart for NASDAQ:VRTS

Receive News & Ratings for Virtus Investment Partners Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Investment Partners Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.