Headlines about Virtus Investment Partners (NASDAQ:VRTS) have trended somewhat positive on Wednesday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Virtus Investment Partners earned a news impact score of 0.10 on Accern’s scale. Accern also gave news articles about the closed-end fund an impact score of 45.8826689692897 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern’s scoring:
- Analyzing Manning & Napier (MN) and Virtus Investment Partners (VRTS) (americanbankingnews.com)
- BidaskClub Downgrades Virtus Investment Partners (VRTS) to Hold (americanbankingnews.com)
- Virtus Investment Partners, Inc. breached its 50 day moving average in a Bearish Manner : VRTS-US : December 11, 2017 (finance.yahoo.com)
- AllianceBernstein (AB) and Virtus Investment Partners (VRTS) Critical Survey (americanbankingnews.com)
- Virtus Investment Partners, Inc. to Issue Quarterly Dividend of $0.45 (VRTS) (americanbankingnews.com)
Several research firms recently commented on VRTS. Morgan Stanley set a $123.00 price objective on Virtus Investment Partners and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Barclays increased their price objective on Virtus Investment Partners from $116.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, October 30th. Zacks Investment Research downgraded Virtus Investment Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 12th. Bank of America raised Virtus Investment Partners from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $112.00 to $130.00 in a research note on Monday, October 9th. Finally, ValuEngine downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $130.50.
Shares of Virtus Investment Partners (VRTS) opened at $117.65 on Wednesday. Virtus Investment Partners has a 52 week low of $97.60 and a 52 week high of $127.55. The stock has a market capitalization of $840.35, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 0.62 and a beta of 1.89.
Virtus Investment Partners (NASDAQ:VRTS) last issued its quarterly earnings data on Friday, October 27th. The closed-end fund reported $2.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.08). The business had revenue of $123.70 million for the quarter, compared to analyst estimates of $116.85 million. Virtus Investment Partners had a return on equity of 12.75% and a net margin of 11.64%. The firm’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 earnings per share. research analysts predict that Virtus Investment Partners will post 7.52 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Tuesday, January 30th. Virtus Investment Partners’s payout ratio is 33.58%.
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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.
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