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Last $133.00 USD
Change Today -2.33 / -1.72%
Volume 92.6K
VRTS On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 4:00 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

virtus investment partners (VRTS) Snapshot

Open
$136.00
Previous Close
$135.33
Day High
$137.29
Day Low
$132.38
52 Week High
08/29/14 - $227.29
52 Week Low
03/4/15 - $126.94
Market Cap
1.2B
Average Volume 10 Days
99.1K
EPS TTM
$10.80
Shares Outstanding
9.0M
EX-Date
04/28/15
P/E TM
12.3x
Dividend
$1.80
Dividend Yield
1.01%
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: $491.7K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $350.0K
Executive Vice President, General Counsel an...
Total Annual Compensation: $300.0K
Head of Product Management and Executive Vice...
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2013.

virtus investment partners (VRTS) Key Developments

Rigrodsky & Long, P.A. Announces Filing of a Securities Fraud Class Action Lawsuit Against Virtus Investment Partners, Inc

Rigrodsky & Long, P.A. announced that a complaint has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of Virtus Investment Partners, Inc. between May 28, 2013 and December 22, 2014, alleging violations of the Securities Exchange Act of 1934 against the company and certain of its officers. According to the complaint, Virtus marketed and offered funds with an "AlphaSector" strategy through a co-advisory relationship with investment advisor firm, F-Squared Investments, Inc. (F-Squared). On September 3, 2014, the Wall Street Journal reported that F-Squared received a Wells Notice from the SEC for alleged falsifications about its AlphaSpector performance and track record in its sales and marketing materials and required regulatory filings. Then, on December 22, 2014, the SEC announced that it had formally charged F-Squared and its President for fraud and various violations of the Investment Advisors Act of 1940, and that it had reached a settlement with F-Squared regarding those charges. The SEC's announcement, although never mentioning Virtus by name, revealed further details and evidence of F-Squared's fraud which implicated Virtus. On this news, shares in Virus, which traded as high as $240.72 per share during the Class Period, closed at $169.70 per share on December 22, 2014.

Virtus Investment Partners Declares Dividend for the First Quarter of 2015, Payable on May 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 first quarter of 2015. The dividend will be paid on May 13, 2015 to shareholders of record at the close of business on April 30, 2015.

Virtus Investment Partners, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Virtus Investment Partners, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's total revenues were $112,137,000 compared to $106,498,000 a year ago. Operating income was $36,665,000 compared to $33,892,000 a year ago. Income before income taxes was $33,449,000 compared to $41,303,000 a year ago. Total interest income, net was $3,062,000 compared to $981,000 a year ago. Net income attributable to common stockholders was $18,879,000 or $2.05 per diluted share compared to $24,756,000 or $2.65 per diluted share a year ago. Revenues, as adjusted was $85,199,000 compared to $79,974,000 a year ago. Operating income, as adjusted was $42,685,000 compared to $38,346,000 a year ago. Total sales were $3.4 billion in the fourth quarter, compared with $4.6 billion in fourth quarter of 2013 and $3.5 billion in the third quarter of 2014. For the full year, the company's total revenues were $450,598,000 compared to $389,215,000 a year ago. Operating income was $130,720,000 compared to $113,504,000 a year ago. Income before income taxes was $136,314,000 compared to $121,908,000 a year ago. Total interest income, net was $8,437,000 compared to $2,465,000 a year ago. Net income attributable to common stockholders was $97,700,000 or $10.51 per diluted share compared to $75,190,000 or $8.92 per diluted share a year ago. Revenues, as adjusted was $337,170,000 compared to $291,416,000 a year ago. Operating income, as adjusted was $162,840,000 compared to $130,989,000 a year ago. Total sales were $15.2 billion compared with $21.3 billion in 2013.

 

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VRTS:US $133.00 USD -2.33

VRTS Competitors

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Company Last Change
Artisan Partners Asset Management Inc $45.53 USD +0.11
Cohen & Steers Inc $41.11 USD -0.17
Diamond Hill Investment Group Inc $164.49 USD +4.80
GAMCO Investors Inc $79.48 USD +2.29
Pzena Investment Management Inc $9.08 USD -0.07
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Industry Analysis

VRTS

Industry Average

Valuation VRTS Industry Range
Price/Earnings 12.9x
Price/Sales 2.7x
Price/Book 2.2x
Price/Cash Flow 11.7x
TEV/Sales 2.1x
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