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Last $101.79 USD
Change Today -0.84 / -0.81%
Volume 27.3K
VRTS On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 11:00 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

virtus investment partners (VRTS) Snapshot

Open
$102.54
Previous Close
$102.63
Day High
$102.89
Day Low
$100.27
52 Week High
09/2/14 - $226.90
52 Week Low
09/2/15 - $100.27
Market Cap
895.1M
Average Volume 10 Days
126.3K
EPS TTM
$10.18
Shares Outstanding
8.8M
EX-Date
10/28/15
P/E TM
10.0x
Dividend
$1.80
Dividend Yield
1.78%
Current Stock Chart for VIRTUS INVESTMENT PARTNERS (VRTS)

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virtus investment partners (VRTS) Details

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. It invests in the public equity, fixed income, and real estate markets. The firm also invests in exchange traded funds. It employs a multi manager approach for its products. The firm employs quantitative analysis to make its investments. It benchmarks the performance of its portfolios against the S&P 500 Index. The firm conducts in-house research to make its investments. Virtus Investment Partners, Inc. was founded in 1988 and is based in Hartford, Connecticut.

410 Employees
Last Reported Date: 03/2/15
Founded in 1988

virtus investment partners (VRTS) Top Compensated Officers

President, Chief Executive Officer, and Direc...
Total Annual Compensation: $541.7K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $350.0K
Head of Product Management and Executive Vice...
Total Annual Compensation: $316.7K
Executive Vice President, General Counsel an...
Total Annual Compensation: $300.0K
Head of Distribution and Executive Vice Presi...
Total Annual Compensation: $292.4K
Compensation as of Fiscal Year 2014.

virtus investment partners (VRTS) Key Developments

Virtus Investment Partners Declares Quarterly Cash Dividend Payable on November 13, 2015

Virtus Investment Partners, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.45 per common share for the third quarter of 2015. The dividend will be paid on November 13, 2015 to shareholders of record at the close of business on October 31, 2015. Future declarations of quarterly dividends will be subject to the approval of the Board of Directors.

Virtus Investment Partners, Inc. Declares Quarterly Cash Dividend for the Third Quarter of 2015, Payable on November 13, 2015

Virtus Investment Partners, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.45 per common share for the third quarter of 2015. The dividend will be paid on November 13, 2015 to shareholders of record at the close of business on October 31, 2015.

Virtus Investment Partners, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Virtus Investment Partners, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s total revenues, as adjusted, were $77.5 million compared with $83.2 million in the prior-year quarter and $79.7 million in the sequential quarter. The decline from the prior periods reflects lower investment management and administration and transfer agent fees. Opera ting income, as adjusted, was $31.4 million for the second quarter of 2015, compared with $35.3 million in the prior-year quarter and $32.2 million in the sequential quarter. Net income attributable to common stockholders, as adjusted, was $20.0 million, or $2.21 per diluted share, compared with $22.1 million or $2.37 per share in the prior-year quarter. Total revenues were $99.7 million, a decrease of 12% from $112.7 million in the prior-year quarter and 4% from $103.8 million in the sequential quarter due to lower average assets and changes in fee rates. Net income attributable to common stockholders was $9.8 million or $1.08 per fully diluted common share for the second quarter, which includes the $7.4 million or $0.82 per share after-tax loss contingency, compared with $19.5 million or $2.10 per share in the prior-year quarter, and $19.3 million or $2.11 per share in the sequential quarter, which included $3.6 million or $0.39 per share after-tax, for the loss contingency. For the six months, the company reported total revenue of $203,487,000 compared to $220,620,000 a year ago. Operating income was $40,750,000 compared to $55,128,000 a year ago. Income before income taxes was $47,428,000 compared to $67,675,000 a year ago. Net income attributable to common stockholders was $29,119,000 compared to $41,481,000 a year ago. Earnings per diluted share were $3.20 compared to $4.44 a year ago. Revenues, as adjusted was $157.3 million compared to $163.3 million a year ago. Operating income, as adjusted was $63.6 million compared to $69.7 million a year ago. Net income attributable to common stockholders, as adjusted was $40.3 million compared to $43.5 million a year ago. Earnings per share - diluted, as adjusted were $4.43 million compared to $4.66 million a year ago.

 

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VRTS Competitors

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Cohen & Steers Inc $28.45 USD +0.26
Financial Engines Inc $30.49 USD -0.39
GAMCO Investors Inc $55.36 USD +0.21
Pzena Investment Management Inc $9.76 USD +0.15
Westwood Holdings Group Inc $54.02 USD +0.55
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Industry Analysis

VRTS

Industry Average

Valuation VRTS Industry Range
Price/Earnings 12.4x
Price/Sales 2.4x
Price/Book 1.8x
Price/Cash Flow 11.0x
TEV/Sales 1.7x
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