Analysts See $2.41 EPS for Virtus Investment Partners Inc (VRTS)

October 7, 2017 - By Louis Casey

 Analysts See $2.41 EPS for Virtus Investment Partners Inc (VRTS)
Investors sentiment decreased to 2 in Q2 2017. Its down 1.68, from 3.68 in 2017Q1. It dropped, as 16 investors sold Virtus Investment Partners Inc shares while 23 reduced holdings. 20 funds opened positions while 58 raised stakes. 6.73 million shares or 49.59% less from 13.34 million shares in 2017Q1 were reported.
Envestnet Asset Mngmt holds 0% or 565 shares. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Virtus Investment Partners Inc (NASDAQ:VRTS). Group Inc has invested 0% in Virtus Investment Partners Inc (NASDAQ:VRTS). 8,609 are owned by Wcm Ca. Vulcan Value Prns Ltd owns 747,117 shares. Pennsylvania-based Sei Investments has invested 0% in Virtus Investment Partners Inc (NASDAQ:VRTS). Cubist Systematic Strategies Lc holds 95 shares. Comerica Retail Bank accumulated 6,973 shares. Prelude Cap Management Lc holds 0.05% or 5,190 shares in its portfolio. Creative Planning holds 0% of its portfolio in Virtus Investment Partners Inc (NASDAQ:VRTS) for 147 shares. Ubs Asset Americas has invested 0% of its portfolio in Virtus Investment Partners Inc (NASDAQ:VRTS). Arizona State Retirement Sys has invested 0.01% in Virtus Investment Partners Inc (NASDAQ:VRTS). Swiss Savings Bank has 0% invested in Virtus Investment Partners Inc (NASDAQ:VRTS) for 11,300 shares. Illinois-based Citadel Lc has invested 0.02% in Virtus Investment Partners Inc (NASDAQ:VRTS). Ascend Capital Ltd Liability Corporation has 0.18% invested in Virtus Investment Partners Inc (NASDAQ:VRTS).

Wall Street await Virtus Investment Partners Inc (NASDAQ:VRTS) to release earnings on October, 27. Analysts forecast EPS of $2.41, up exactly $0.77 or 46.95 % from 2014’s $1.64 EPS. The expected VRTS’s profit could reach $17.40 million giving the stock 12.49 P/E in the case that $2.41 earnings per share is reported. After posting $1.61 EPS for the previous quarter, Virtus Investment Partners Inc’s analysts now forecast 49.69 % EPS growth. The stock increased 0.33% or $0.4 during the last trading session, reaching $120.45. About 43,276 shares traded. Virtus Investment Partners Inc (NASDAQ:VRTS) has risen 32.74% since October 7, 2016 and is uptrending. It has outperformed by 16.04% the S&P500.

Virtus Investment Partners Inc (NASDAQ:VRTS) Ratings Coverage

Among 8 analysts covering Virtus Investment Partners (NASDAQ:VRTS), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Virtus Investment Partners had 20 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was downgraded by Credit Suisse to “Neutral” on Monday, October 31. Morgan Stanley maintained it with “Equal-Weight” rating and $123 target in Thursday, October 5 report. Jefferies maintained Virtus Investment Partners Inc (NASDAQ:VRTS) on Wednesday, June 14 with “Hold” rating. Sandler O’Neill downgraded the stock to “Hold” rating in Tuesday, September 1 report. Jefferies maintained Virtus Investment Partners Inc (NASDAQ:VRTS) on Thursday, August 17 with “Hold” rating. Bank of America initiated it with “Underperform” rating and $110 target in Tuesday, January 31 report. On Monday, July 31 the stock rating was upgraded by Credit Suisse to “Outperform”. As per Friday, July 15, the company rating was upgraded by Credit Suisse. The firm earned “Hold” rating on Monday, September 25 by Jefferies. The company was maintained on Monday, July 17 by Morgan Stanley.

Virtus Investment Partners, Inc. is a well-known provider of investment management and related services to individuals and institutions. The company has market cap of $869.40 million. The Firm provides its products in various forms and through multiple distribution channels. It has a 23.41 P/E ratio. The Company’s 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.

More recent Virtus Investment Partners Inc (NASDAQ:VRTS) news were published by: Seekingalpha.com which released: “Virtus Investment Partners’ (VRTS) CEO George Aylward on Q1 2017 Results …” on April 28, 2017. Also Prnewswire.com published the news titled: “Virtus Investment Partners Completes Acquisition of RidgeWorth Investments” on June 01, 2017. Prnewswire.com‘s news article titled: “Virtus Investment Partners Announces Financial Results for the First Quarter 2017” with publication date: April 28, 2017 was also an interesting one.

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