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.
IPO Year:
Exchange: NASDAQ
Website: virtus.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/27/2024 | $206.00 | Underweight | Barclays |
4/8/2024 | $285.00 → $264.00 | Buy → Hold | TD Cowen |
1/4/2024 | $289.00 | Outperform | TD Cowen |
12/20/2023 | $264.00 | Overweight | Piper Sandler |
3/27/2023 | $248.00 → $260.00 | Neutral → Overweight | Piper Sandler |
2/6/2023 | $248.00 | Overweight → Neutral | Piper Sandler |
4/8/2022 | $393.00 → $240.00 | Overweight → Underweight | Morgan Stanley |
8/5/2021 | $400.00 | Equal-Weight → Overweight | Morgan Stanley |
7/19/2021 | $334.00 → $331.00 | Equal-Weight | Morgan Stanley |
7/9/2021 | $320.00 → $334.00 | Equal-Weight | Morgan Stanley |
10-Q - VIRTUS INVESTMENT PARTNERS, INC. (0000883237) (Filer)
8-K - VIRTUS INVESTMENT PARTNERS, INC. (0000883237) (Filer)
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8-K - VIRTUS INVESTMENT PARTNERS, INC. (0000883237) (Filer)
10-Q - VIRTUS INVESTMENT PARTNERS, INC. (0000883237) (Filer)
8-K - VIRTUS INVESTMENT PARTNERS, INC. (0000883237) (Filer)
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8-K - VIRTUS INVESTMENT PARTNERS, INC. (0000883237) (Filer)
Barclays initiated coverage of Virtus Investment Partners with a rating of Underweight and set a new price target of $206.00
TD Cowen downgraded Virtus Investment Partners from Buy to Hold and set a new price target of $264.00 from $285.00 previously
TD Cowen initiated coverage of Virtus Investment Partners with a rating of Outperform and set a new price target of $289.00
Piper Sandler resumed coverage of Virtus Investment Partners with a rating of Overweight and set a new price target of $264.00
Piper Sandler upgraded Virtus Investment Partners from Neutral to Overweight and set a new price target of $260.00 from $248.00 previously
Piper Sandler downgraded Virtus Investment Partners from Overweight to Neutral and set a new price target of $248.00
Morgan Stanley downgraded Virtus Investment Partners from Overweight to Underweight and set a new price target of $240.00 from $393.00 previously
Morgan Stanley upgraded Virtus Investment from Equal-Weight to Overweight and set a new price target of $400.00
Morgan Stanley reiterated coverage of Virtus Investment with a rating of Equal-Weight and set a new price target of $331.00 from $334.00 previously
Morgan Stanley reiterated coverage of Virtus Investment with a rating of Equal-Weight and set a new price target of $334.00 from $320.00 previously
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The Board of Directors of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG), a closed-end fund advised by Duff & Phelps Investment Management Co., previously announced the following monthly distribution on June 17, 2024: Per Share Amount Ex-Date Record Date Payable Date $0.07 August 30, 2024 August 30, 2024 September 10, 2024 The Fund adopted a Managed Distribution Plan (the "Plan") in 2015. Under the Plan, the Fund will distribute all available investment income to its shareholders, consistent with the Fund's investment objective. If and when sufficient investment income is not available on a monthly basis, the Fund will distribute realized capital
Virtus Convertible & Income Fund II (NYSE:NCZ) announced today that it has declared a $0.34375 per share cash distribution payable on September 30, 2024 to Series A cumulative preferred shareholders of record on September 13, 2024. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCZ PR A, are rated "A" by Fitch Ratings and have an annual dividend rate of $1.375 per share. The 4,360,000 Series A Cumulative Preferred Shares were issued September 11, 2018 at $25.00 per share and pay distributions quarterly. This distribution represents the accrual period from July 1, 2024 through September 30, 2024. The Series A Cumulative Preferred Share
Virtus Convertible & Income Fund (NYSE:NCV) announced today that it has declared a $0.3515625 per share cash distribution payable on September 30, 2024 to Series A cumulative preferred shareholders of record on September 13, 2024. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A, are rated "A" by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulative Preferred Shares were issued September 20, 2018 at $25.00 per share and pay distributions quarterly. This distribution represents the accrual period from July 1, 2024 through September 30, 2024. The Series A Cumulative Preferred Shar
Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) today announced it will increase its quarterly distribution from $0.280 per share to $0.305 per share, an increase of 9% or $0.025 per share, effective with the September distribution: Ticker New Distribution Amount Ex-Date Record Date Payable Date NFJ $0.305 September 13, 2024 September 13, 2024 September 26, 2024 The Fund previously increased its quarterly distribution by $0.035 per share in March 2024, for a cumulative increase of 23% this year. This increase is part of the Fund's ongoing efforts to enhance shareholder value by both seeking to provide a more att
Seventh consecutive annual dividend increase Virtus Investment Partners, Inc. (NYSE:VRTS), which operates a multi-boutique asset management business, today announced that its Board of Directors has declared a quarterly common stock cash dividend of $2.25 per share, representing an 18% increase from the previous quarterly dividend of $1.90 per share. "We are pleased to raise our dividend for the seventh consecutive year, reflecting the strength and stability of our financial position and confidence in our free cash flow generation," said George R. Aylward, president and chief executive officer. "Our strong balance sheet provides flexibility to continue our balanced approach to capital ma
The Board of Directors of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG), a closed-end fund advised by Duff & Phelps Investment Management Co., previously announced the following monthly distribution on June 17, 2024: Per Share Amount Ex-Date Record Date Payable Date $0.07 July 31, 2024 July 31, 2024 August 12, 2024 The Fund adopted a Managed Distribution Plan (the "Plan") in 2015. Under the Plan, the Fund will distribute all available investment income to its shareholders, consistent with the Fund's investment objective. If and when sufficient investment income is not available on a monthly basis, the Fund will distribut
Earnings Per Share - Diluted of $2.43; Earnings Per Share - Diluted, as Adjusted, of $6.53 Total Sales of $6.1B; Net Flows of ($2.6B); Assets Under Management of $173.6B Virtus Investment Partners, Inc. (NYSE:VRTS) today reported financial results for the three months ended June 30, 2024. Financial Highlights (Unaudited) (in millions, except per share data or as noted) Three Months Ended Three Months Ended 6/30/2024 6/30/2023 Change 3/31/2024 Change U.S. GAAP Financial Measures
Conference Call at 10:00 a.m. Eastern Virtus Investment Partners, Inc. (NYSE:VRTS), which operates a multi-boutique asset management business, today announced that it will release its financial results for the second quarter of 2024 before the market opens on Friday, July 26, 2024. George R. Aylward, president and chief executive officer, and Michael A. Angerthal, executive vice president and chief financial officer, will host a conference call and webcast with the investment community at 10:00 a.m. Eastern. The presentation that will accompany the conference call will be available in the Presentations section of virtus.com. A replay of the call will be available in the Investor Relatio
The Board of Directors of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG), a closed-end fund advised by Duff & Phelps Investment Management Co. (the "Adviser"), today announced two actions as part of the Fund's ongoing efforts to enhance shareholder value and reduce the current discount to net asset value ("NAV") at which its shares currently trade. At its regular June meeting, the Board adopted a share repurchase program that seeks to enhance shareholder value by purchasing shares of the Fund in the open market at a discount to NAV. The program, which is effective immediately, could result in incremental accretion to the Fund's NAV and is expected to enhance value for the F
Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH), Virtus Convertible & Income Fund (NYSE:NCV), Virtus Convertible & Income Fund II (NYSE:NCZ), Virtus Diversified Income & Convertible Fund (NYSE:ACV), Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ), Virtus Equity & Convertible Income Fund (NYSE:NIE), Virtus Global Multi-Sector Income Fund (NYSE:VGI), Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF), and Virtus Total Return Fund Inc. (NYSE:ZTR) announced the results of the joint annual meeting of shareholders that was held on June 3, 2024. The voting results are as follows:
Virtus Investment Partners, Inc. (NYSE:VRTS) today reported preliminary assets under management (AUM) of $180.5 billion and other fee earning assets of $2.6 billion for total client assets of $183.1 billion as of August 31, 2024. The increase in AUM from July 31, 2024 primarily reflects market performance and positive net flows in retail separate accounts, partially offset by net outflows in institutional accounts and open-end funds. Preliminary average AUM for the month was $175.6 billion. Assets Under Management (unaudited) ($ in millions) By Product Type: August 31, 2024 July 31, 2024 Open-End Funds (1) $ 57,236 $ 56,774
The Board of Directors of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG), a closed-end fund advised by Duff & Phelps Investment Management Co., previously announced the following monthly distribution on June 17, 2024: Per Share Amount Ex-Date Record Date Payable Date $0.07 August 30, 2024 August 30, 2024 September 10, 2024 The Fund adopted a Managed Distribution Plan (the "Plan") in 2015. Under the Plan, the Fund will distribute all available investment income to its shareholders, consistent with the Fund's investment objective. If and when sufficient investment income is not available on a monthly basis, the Fund will distribute realized capital
Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH) ("the Fund") completed its termination and liquidation following the close of business on August 30, 2024. The termination and liquidation were performed in accordance with the Fund's investment objectives and organizational documents, consistent with the Fund's previously announced liquidation plans. Upon the Fund's termination, the Fund had a final net asset value (NAV) of $9.2342 per common share. The liquidation proceeds were paid on September 4, 2024 to all Fund shareholders. The Fund, which was launched on June 29, 2017, paid distributions totaling in the aggregate $4.2152 per share, which equates to an average annual di
Virtus Convertible & Income Fund II (NYSE:NCZ) announced today that it has declared a $0.34375 per share cash distribution payable on September 30, 2024 to Series A cumulative preferred shareholders of record on September 13, 2024. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCZ PR A, are rated "A" by Fitch Ratings and have an annual dividend rate of $1.375 per share. The 4,360,000 Series A Cumulative Preferred Shares were issued September 11, 2018 at $25.00 per share and pay distributions quarterly. This distribution represents the accrual period from July 1, 2024 through September 30, 2024. The Series A Cumulative Preferred Share
Virtus Convertible & Income Fund (NYSE:NCV) announced today that it has declared a $0.3515625 per share cash distribution payable on September 30, 2024 to Series A cumulative preferred shareholders of record on September 13, 2024. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A, are rated "A" by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulative Preferred Shares were issued September 20, 2018 at $25.00 per share and pay distributions quarterly. This distribution represents the accrual period from July 1, 2024 through September 30, 2024. The Series A Cumulative Preferred Shar
Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) today announced the following monthly distributions: Amount of Distribution Ex-Date Record Date Payable Date $0.15 September 13, 2024 September 13, 2024 September 26, 2024 $0.15 October 11, 2024 October 11, 2024 October 30, 2024 $0.15 November 12, 2024 November 12, 2024 November 27, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereo
Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) today announced it will increase its quarterly distribution from $0.280 per share to $0.305 per share, an increase of 9% or $0.025 per share, effective with the September distribution: Ticker New Distribution Amount Ex-Date Record Date Payable Date NFJ $0.305 September 13, 2024 September 13, 2024 September 26, 2024 The Fund previously increased its quarterly distribution by $0.035 per share in March 2024, for a cumulative increase of 23% this year. This increase is part of the Fund's ongoing efforts to enhance shareholder value by both seeking to provide a more att
Virtus Total Return Fund Inc. (NYSE:ZTR) today announced the following monthly distributions: Amount of Distribution Ex-Date Record Date Payable Date $0.05 September 13, 2024 September 13, 2024 September 26, 2024 $0.05 October 11, 2024 October 11, 2024 October 30, 2024 $0.05 November 12, 2024 November 12, 2024 November 27, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, howe
Virtus Global Multi-Sector Income Fund (NYSE:VGI) today announced the following monthly distributions: Amount of Distribution Ex-Date Record Date Payable Date $0.08 September 13, 2024 September 13, 2024 September 26, 2024 $0.08 October 11, 2024 October 11, 2024 October 30, 2024 $0.08 November 12, 2024 November 12, 2024 November 27, 2024 The amounts of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax purposes will depend on the Fund's investment experience during th
Virtus Equity & Convertible Income Fund (NYSE:NIE) today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date Record Date Payable Date NIE $0.50 September 13, 2024 September 13, 2024 September 26, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution leve
WWE® (NYSE:WWE) today announced that Michelle McKenna and JoEllen Lyons Dillon have been elected to its Board of Directors. McKenna spent more than two decades as a senior leader at Disney, Universal Studios and the NFL, working across technology, digital strategy and finance. From 2012 to 2022, McKenna served as Chief Information Officer for the NFL, where she was responsible for the league's technology strategy and served as the executive sponsor of the Women's Interactive Group. She serves on the Board of Directors of Ring Central (NYSE:RNG), where she is a member of the audit, compensation and nominating & governance committees. McKenna previously served on the Board of Directors of In
CHICAGO, March 24, 2022 /PRNewswire/ -- DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) (the "Fund"), a closed-end fund advised by Duff & Phelps Investment Management Co. (the "Investment Adviser"), today announced that Lisa H. Leonard has been appointed by the Fund's Board of Directors as Chief Investment Officer, effective June 1, 2022. Ms. Leonard will succeed Timothy M. Heaney, Chief Investment Officer and Vice President of the Fund since 2004, who will retire from his position effective May 31, 2022. Ms. Leonard, who has been a Vice President of the Fund since 2006 and a member of its portfolio management team since 1998, has worked in the investment industry for more than 35 years.
HARTFORD, Conn., March 1, 2021 /PRNewswire/ -- Virtus Investment Partners (NASDAQ: VRTS), which operates a multi-boutique asset management business, today announced that W. Howard Morris, CFA, has been appointed to the company's Board of Directors and to its Audit Committee. Morris, 62, is the president and chief investment officer of The Prairie & Tireman Group, an investment partnership in Detroit that provides investment management and personal financial planning and analysis to high-net-worth individuals. "Howard brings significant investment experience as a portfolio manager at his firm for more than two decades as well as from his years of public service to school districts and the Sta
HARTFORD, Conn., Dec. 3, 2020 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-boutique asset management business, today announced that its Board of Directors has declared a quarterly cash dividend of $0.82 per common share for the fourth quarter of 2020. The dividend will be paid on February 12, 2021 to shareholders of record at the close of business on January 29, 2021. Future declarations of dividends will be subject to the approval of the Board of Directors. About Virtus Investment Partners, Inc.Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of i
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Piper Sandler analyst Crispin Love maintains Virtus Inv (NYSE:VRTS) with a Overweight and lowers the price target from $267 to $264.
Throughout the last three months, 5 analysts have evaluated Virtus Inv (NYSE:VRTS), offering a diverse set of opinions from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 2 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 1 1 1 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $250.6, a high estimate of $267.00, and a low estimate of $224.00. This current average has increased by 0.56% from the p
TD Cowen analyst Bill Kirk maintains Virtus Inv (NYSE:VRTS) with a Hold and lowers the price target from $250 to $247.
Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Virtus Inv (NYSE:VRTS) in the last three months. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 2 1 0 Last 30D 0 1 0 0 0 1M Ago 0 1 1 0 0 2M Ago 0 0 1 1 0 3M Ago 0 1 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $257.5, with a high estimate of $275.00 and a low estimate of $224.00. The current average, unc
Piper Sandler analyst Crispin Love maintains Virtus Inv (NYSE:VRTS) with a Overweight and raises the price target from $265 to $267.
TD Cowen analyst Bill Kirk maintains Virtus Inv (NYSE:VRTS) with a Hold and raises the price target from $245 to $250.
Piper Sandler analyst Crispin Love maintains Virtus Inv (NYSE:VRTS) with a Overweight and lowers the price target from $275 to $265.
Virtus Inv (NASDAQ:VRTS) reported quarterly earnings of $5.41 per share which met the analyst consensus estimate. This is a 28.81 percent increase over earnings of $4.20 per share from the same period last year. The company reported quarterly sales of $222.042 million which beat the analyst consensus estimate of $204.830 million by 8.40 percent. This is a 12.21 percent increase over sales of $197.874 million the same period last year.
TD Cowen analyst Bill Kirk downgrades Virtus Inv (NYSE:VRTS) from Buy to Hold.
- Reuters