News headlines about Virtus Investment Partners (NASDAQ:VRTS) have been trending positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Virtus Investment Partners earned a news sentiment score of 0.29 on Accern’s scale. Accern also gave headlines about the closed-end fund an impact score of 46.3187685715332 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Research Analysts Issue Forecasts for Virtus Investment Partners Inc’s Q2 2018 Earnings (VRTS) (americanbankingnews.com)
- Virtus Investment Partners (VRTS) Given a $131.00 Price Target at Sandler O’Neill (americanbankingnews.com)
- Virtus Investment Partners (VRTS) Downgraded by TheStreet to “C+” (americanbankingnews.com)
- Virtus Investment Partners Inc (VRTS) to Issue $0.45 Quarterly Dividend (americanbankingnews.com)
- Virtus Investment Partners (VRTS) Declares $0.45 Quarterly Dividend; 1.4% Yield (streetinsider.com)
Virtus Investment Partners (NASDAQ:VRTS) opened at $123.20 on Wednesday. The stock has a market capitalization of $897.62, a price-to-earnings ratio of 33.30, a PEG ratio of 0.28 and a beta of 1.79. Virtus Investment Partners has a 52 week low of $97.60 and a 52 week high of $134.65.
Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, February 2nd. The closed-end fund reported $2.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.42 by $0.18. The company had revenue of $128.00 million for the quarter, compared to the consensus estimate of $127.09 million. Virtus Investment Partners had a return on equity of 13.93% and a net margin of 8.70%. Virtus Investment Partners’s quarterly revenue was up 60.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 earnings per share. analysts forecast that Virtus Investment Partners will post 12.36 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, April 30th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, April 27th. This represents a $1.80 annualized dividend and a yield of 1.46%. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 48.65%.
VRTS has been the topic of a number of research reports. Goldman Sachs Group upgraded Virtus Investment Partners from a “sell” rating to a “neutral” rating and set a $130.00 price target on the stock in a research note on Tuesday, January 9th. Sandler O’Neill set a $132.00 price target on Virtus Investment Partners and gave the stock a “hold” rating in a research note on Thursday, January 11th. BidaskClub upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Zacks Investment Research upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Saturday, January 13th. Finally, TheStreet upgraded Virtus Investment Partners from a “c+” rating to a “b” rating in a research note on Thursday, November 30th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $139.00.
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.
Receive News & Ratings for Virtus Investment Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Investment Partners and related companies with MarketBeat.com's FREE daily email newsletter.