Last $159.00 USD
Change Today +3.05 / 1.95%
Volume 105.9K
VRTS On Other Exchanges
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Exchange
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As of 5:20 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

virtus investment partners (VRTS) Snapshot

Open
$156.00
Previous Close
$155.96
Day High
$160.06
Day Low
$155.94
52 Week High
08/29/14 - $227.29
52 Week Low
12/1/14 - $151.81
Market Cap
1.4B
Average Volume 10 Days
113.1K
EPS TTM
$10.49
Shares Outstanding
9.1M
EX-Date
01/28/15
P/E TM
15.2x
Dividend
$1.80
Dividend Yield
0.57%
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.

376 Employees
Last Reported Date: 10/27/14
Founded in 1988

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, Inc. Declares Dividend for the Fourth Quarter of 2014, Payable on February 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 fourth quarter of 2014. The dividend will be paid on February 13, 2015 to shareholders of record at the close of business on January 30, 2015.

Virtus Investment Partners, Inc. Names Brian Portnoy as Vice President and Director of Investment Education

Virtus Investment Partners, Inc. announced that Brian Portnoy, Ph.D., CFA, has joined the company as vice president and director of investment education. Portnoy will use his broad investing, research, and writing experience to develop new investment educational and solutions-oriented content for financial advisors and clients who invest in Virtus offerings, including the Virtus Mutual Funds. He will provide his insight on investor behavior, industry trends, and market opportunities to empower investors to make better decisions as well as highlight Virtus' array of distinct and effective investment solutions.

Virtus Investment Partners, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Virtus Investment Partners, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's total revenues were $117.8 million compared with $100.4 million a year ago. Operating income was $38.9 million compared with $31.6 million a year ago. Income before income taxes was $35.2 million compared with $33.9 million a year ago. Net income was $36.99 million compared with $21.3 million a year ago. Net income attributable to common stockholders was $37.3 million or $4.02 per diluted share compared with $21.1 million or $2.56 per diluted share a year ago. Revenues, as adjusted was $88.6 million compared with $75.1 million a year ago. The increase from the prior year is a result of higher investment management and administration and transfer agent fees. Operating income, as adjusted was $44.8 million compared with $35.8 million a year ago. For the nine months, the company's total revenues were $338.5 million compared with $282.7 million a year ago. Operating income was $94.1 million compared with $79.6 million a year ago. Income before income taxes was $102.9 million compared with $80.6 million a year ago. Net income was $78.6 million compared with $50.3 million a year ago. Net income attributable to common stockholders was $78.8 million or $8.46 per diluted share compared with $50.4 million or $6.21 per diluted share a year ago. Revenues, as adjusted was $251.97 million compared with $211.4 million a year ago. Operating income, as adjusted was $120.2 million compared with $92.6 million a year ago.

 

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Industry Analysis

VRTS

Industry Average

Valuation VRTS Industry Range
Price/Earnings 14.0x
Price/Sales 3.2x
Price/Book 2.5x
Price/Cash Flow 12.8x
TEV/Sales 2.6x
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