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Last $129.85 USD
Change Today -0.22 / -0.17%
Volume 111.1K
VRTS On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

virtus investment partners (VRTS) Snapshot

Open
$130.49
Previous Close
$130.07
Day High
$131.35
Day Low
$126.50
52 Week High
08/29/14 - $227.29
52 Week Low
04/20/15 - $126.50
Market Cap
1.2B
Average Volume 10 Days
116.9K
EPS TTM
$10.80
Shares Outstanding
8.9M
EX-Date
04/28/15
P/E TM
12.0x
Dividend
$1.80
Dividend Yield
1.04%
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

Brower Piven Announces Commencement of Class Action Lawsuit against Virtus Investment Partners, Inc

The securities litigation law firm of Brower Piven announced that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Virtus Investment Partners, Inc. common stock during the period between May 28, 2013 and December 22, 2014, inclusive (Class Period). The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that past results of the AlphaSector funds, administered through a co-advisory relationship with investment advisor firm, F-Squared Investments, Inc. were grossly overstated and inflated in its sales and marketing materials and required regulatory filings. According to the complaint, following the SEC’s announcement that it had formally charged F-Squared and its President for fraud and various violations of the Investment Advisors Act of 1940, implicating Virtus, and that it had reached a settlement with F-Squared regarding those charges, the value of Virtus shares declined significantly.

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.

 

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VRTS:US $129.85 USD -0.22

VRTS Competitors

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Cohen & Steers Inc $38.58 USD +0.25
Diamond Hill Investment Group Inc $170.26 USD +1.57
GAMCO Investors Inc $81.61 USD +0.36
Pzena Investment Management Inc $9.28 USD +0.18
Westwood Holdings Group Inc $60.64 USD +0.43
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Industry Analysis

VRTS

Industry Average

Valuation VRTS Industry Range
Price/Earnings 12.4x
Price/Sales 2.6x
Price/Book 2.1x
Price/Cash Flow 11.2x
TEV/Sales 2.0x
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