Wall Street brokerages expect that Virtus Investment Partners Inc (NASDAQ:VRTS) will report earnings per share (EPS) of $2.31 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Virtus Investment Partners’ earnings. Virtus Investment Partners posted earnings per share of $2.59 during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.8%. The business is expected to announce its next earnings report before the market opens on Friday, April 26th.

According to Zacks, analysts expect that Virtus Investment Partners will report full-year earnings of $11.96 per share for the current fiscal year, with EPS estimates ranging from $11.24 to $12.68. For the next year, analysts forecast that the firm will report earnings of $12.34 per share, with EPS estimates ranging from $10.32 to $14.36. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Virtus Investment Partners.

Virtus Investment Partners (NASDAQ:VRTS) last issued its quarterly earnings data on Friday, February 1st. The closed-end fund reported $3.06 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $3.06. Virtus Investment Partners had a return on equity of 19.83% and a net margin of 13.68%. The company had revenue of $138.10 million for the quarter, compared to analysts’ expectations of $143.54 million. During the same period in the previous year, the firm posted $2.60 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis.

Several equities research analysts have weighed in on the company. BidaskClub raised Virtus Investment Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 16th. Zacks Investment Research lowered shares of Virtus Investment Partners from a “hold” rating to a “sell” rating and set a $128.00 price target on the stock. in a research note on Friday, April 12th. Bank of America boosted their price target on shares of Virtus Investment Partners from $119.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. ValuEngine upgraded shares of Virtus Investment Partners from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 27th. Finally, Barclays boosted their price target on shares of Virtus Investment Partners from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $107.83.

A number of institutional investors and hedge funds have recently modified their holdings of VRTS. BlackRock Inc. increased its holdings in Virtus Investment Partners by 1.9% in the 4th quarter. BlackRock Inc. now owns 1,075,246 shares of the closed-end fund’s stock valued at $85,407,000 after buying an additional 19,717 shares during the period. Vanguard Group Inc. lifted its position in shares of Virtus Investment Partners by 1.1% in the third quarter. Vanguard Group Inc. now owns 683,345 shares of the closed-end fund’s stock worth $77,731,000 after buying an additional 7,394 shares in the last quarter. Vanguard Group Inc increased its stake in Virtus Investment Partners by 1.1% during the third quarter. Vanguard Group Inc now owns 683,345 shares of the closed-end fund’s stock worth $77,731,000 after acquiring an additional 7,394 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Virtus Investment Partners by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 562,751 shares of the closed-end fund’s stock worth $44,700,000 after acquiring an additional 29,871 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Virtus Investment Partners by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 104,923 shares of the closed-end fund’s stock worth $8,334,000 after acquiring an additional 10,410 shares during the last quarter. Institutional investors own 97.66% of the company’s stock.

NASDAQ VRTS traded down $2.00 during trading hours on Friday, hitting $118.11. 70,688 shares of the company were exchanged, compared to its average volume of 72,508. The company has a debt-to-equity ratio of 0.62, a current ratio of 16.69 and a quick ratio of 16.69. Virtus Investment Partners has a 52 week low of $70.00 and a 52 week high of $138.02. The stock has a market capitalization of $823.65 million, a P/E ratio of 9.63, a PEG ratio of 3.58 and a beta of 1.52.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.20 annualized dividend and a yield of 1.86%. 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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