Virtus Investment Partners, Inc. (NASDAQ:VRTS) Updates On Dividend Release Date


On 2016-05-26, Virtus Investment Partners, Inc. (NASDAQ:VRTS) confirmed the dividend disbursement of $0.45 a share to shareholders as on record 2016-07-29. The firm will release dividend on 2016-08-12 while ex-dividend date is reported to be 2016-07-27.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Virtus Investment Partners, Inc. (NASDAQ:VRTS) paid a total of $0.45 per share in dividends. This figure stood at $0.45 a share in the same period a year ago indicating a deviation of 100%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $96 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $122 and $79, respectively.

Taking the mathematical rating formula, the price for Virtus Investment Partners, Inc. (NASDAQ:VRTS) stands at 3.33. Earnings Review Virtus Investment Partners, Inc. (NASDAQ:VRTS) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-04. For the period ending on 2016-09-30, experts are expecting EPS of $1.47.

Coming to the quarter ending on 2015-12-31, Virtus Investment Partners, Inc. (NASDAQ:VRTS) recorded EPS of $1.24. The reported numbers came lower than the analysts’ estimates of $1.3, demonstrating a miss of $-0.06 as against reported figures.

Shares of the Virtus Investment Partners, Inc. (NASDAQ:VRTS) traded in the range of $88.03 to $89.89 and closed the last trading session at $89.15 on a volume of ((Volume:238}}.

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