Media stories about Virtus Investment Partners (NASDAQ:VRTS) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Virtus Investment Partners earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned news coverage about the closed-end fund an impact score of 46.6532291643254 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Virtus Global Multi-Sector Income Fund Declares Distribution and Discloses Sources of Distribution – Section 19(a) Notice (finance.yahoo.com)
- Virtus Investment Partners, Inc. breached its 50 day moving average in a Bearish Manner : VRTS-US : November 2, 2017 (finance.yahoo.com)
- Virtus Investment Partners, Inc. : VRTS-US: Dividend Analysis : October 31st, 2017 (record date) : By the numbers : November 2, 2017 (finance.yahoo.com)
- Virtus Investment Partners, Inc. (VRTS) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Barclays PLC Raises Virtus Investment Partners, Inc. (VRTS) Price Target to $125.00 (americanbankingnews.com)
Virtus Investment Partners (VRTS) traded down $1.15 during mid-day trading on Friday, hitting $116.25. 29,398 shares of the stock were exchanged, compared to its average volume of 48,210. The company has a market cap of $839.08, a P/E ratio of 17.05, a PEG ratio of 0.61 and a beta of 1.86. The company has a current ratio of 19.32, a quick ratio of 19.32 and a debt-to-equity ratio of 0.52.
Virtus Investment Partners (NASDAQ:VRTS) last released its quarterly earnings data on Friday, October 27th. The closed-end fund reported $2.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.38 by ($0.08). The company had revenue of $123.70 million for the quarter, compared to the consensus estimate of $116.85 million. Virtus Investment Partners had a return on equity of 13.33% and a net margin of 11.64%. Virtus Investment Partners’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same period last year, the company earned $1.64 EPS. research analysts anticipate that Virtus Investment Partners will post 7.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.45 per share. The ex-dividend date is Monday, October 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.55%. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 33.58%.
A number of analysts have commented on the stock. Morgan Stanley set a $121.00 price target on shares of Virtus Investment Partners and gave the company a “hold” rating in a research report on Monday, October 23rd. Barclays PLC upped their price target on shares of Virtus Investment Partners from $113.00 to $116.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 10th. BidaskClub cut shares of Virtus Investment Partners from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $127.00 price target (up previously from $117.00) on shares of Virtus Investment Partners in a research report on Tuesday, October 10th. Finally, Credit Suisse Group raised shares of Virtus Investment Partners from a “neutral” rating to an “outperform” rating and upped their price target for the company from $141.00 to $147.00 in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $130.50.
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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