Last $223.69 USD
Change Today -0.21 / -0.09%
Volume 62.9K
VRTS On Other Exchanges
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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

virtus investment partners (VRTS) Snapshot

Open
$224.95
Previous Close
$223.90
Day High
$227.29
Day Low
$222.48
52 Week High
08/29/14 - $227.29
52 Week Low
09/11/13 - $152.61
Market Cap
2.0B
Average Volume 10 Days
28.8K
EPS TTM
$8.43
Shares Outstanding
9.1M
EX-Date
10/29/14
P/E TM
26.5x
Dividend
$1.80
Dividend Yield
0.20%
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.

virtus investment partners (VRTS) Top Compensated Officers

Chief Executive Officer, President and Direct...
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

Virtus Investment Partners Declares Quarterly Cash Dividend, Payable on November 14, 2014

Virtus Investment Partners, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.45 per share for the third quarter of 2014. The dividend will be paid on November 14, 2014 to shareholders of record at the close of business on October 31, 2014. Future declarations of quarterly dividends will be subject to the approval of the Board of Directors.

Virtus Investment Partners, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Virtus Investment Partners, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Revenues increased 17% to $112.7 million in the second quarter of 2014 from $96.1 million in the second quarter of 2013 and by 5% on a sequential basis, primarily as a result of the company's growing asset base. Operating income was $22,502,000 against $26,882,000 a year ago. Income before income taxes was $31,898,000 against $24,101,000 a year ago. Net income attributable to common stockholders was $19,543,000 against $15,385,000 a year ago. Diluted earnings per share were $2.10 against $1.91 a year ago. Operating income, as adjusted was $38,751,000 against $31,730,000 a year ago. Revenues, as adjusted were $38,751,000 against $71,884,000 a year ago. The increase from the prior year is a result of the higher asset levels and an increase in the average net fee rate. Total positive net flows were $1.0 billion in the second quarter of 2014, compared with $2.5 billion in the prior-year quarter. The increase in net flows over the prior quarter reflects higher mutual fund flows, the impact of the closed-end fund launch, and the prior quarter redemption of a single low-fee option overlay account. Excluding the impact of the closed-end fund launch, earnings per share would have been $2.77, an increase of $0.86 per share or 45% over the prior year. On a sequential basis, earnings per share, excluding closed-end fund launch costs, were up $0.43 or 18% per share. The change is primarily attributable to an operating income increase of $0.04 per share despite the $0.16 of items, higher investment gains and income of $0.34 per share including an $0.18 per share increase in realized gains on investments. For the six months, the company reported total revenues of $220,620,000 against $182,308,000 a year ago. Operating income was $55,128,000 against $47,982,000 a year ago. Income before income taxes was $67,675,000 against $46,736,000 a year ago. Net income attributable to common stockholders was $41,481,000 against $29,345,000 a year ago. Diluted earnings per share were $4.44 against $3.64 a year ago. Operating income, as adjusted was $75,336,000 against $56,804,000 a year ago. Revenues, as adjusted were $75,336,000 against $56,804,000 a year ago. Total positive net flows were $508.4 million compared with $6,238.2 million a year ago.

Virtus Investment Partners, Inc. to Report Q2, 2014 Results on Jul 28, 2014

Virtus Investment Partners, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 28, 2014

 

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