Virtus Investment Partners Inc(NASDAQ:VRTS) Declares Dividend of $0.4500.

Virtus Investment Partners Inc (NASDAQ:VRTS) had declared a cash dividend of $0.4500 on Aug 18, 2016. The shares will quote ex-dividend on Oct 27, 2016 and the record date has been fixed for Oct 31, 2016. On Aug 18, 2016 share price, the yield comes out to be 2.0413%. The dividend payable date has been fixed on Nov 11, 2016.

In a different note, On Aug 8, 2016, Jefferies said it Maintains its rating on Virtus Investment Partners Inc. In the research note, the firm Raises the price-target to $74.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 14, 2016, Credit Suisse said it Assumes its rating on Virtus Investment Partners Inc. The shares have been rated ‘Outperform’ by the firm.

Virtus Investment Partners Inc (VRTS) made into the market gainers list on Mondays trading session with the shares advancing 0.62% or 0.55 points. Due to strong positive momentum, the stock ended at $89.22, which is also near the day’s high of $92.03. The stock began the session at $89.15 and the volume stood at 1,46,487 shares. The 52-week high of the shares is $141.97 and the 52 week low is $66.12. The company has a current market capitalization of $689 M and it has 77,18,336 shares in outstanding.

Virtus Investment Partners Inc(VRTS) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $80.08M. Analysts had an estimated revenue of $78.75M. Earnings per share were $1.24. Analysts had estimated an EPS of $1.33.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2015, William Patrick Iii Bradley (SVP, Fund Services) sold 210 shares at $140.00 per share price.

Virtus Investment Partners Inc. (Virtus) is a provider of investment management and related services to individuals and institutions. The Company’s retail products include open-end mutual funds closed-end funds variable insurance funds and separately managed accounts. Its open-end mutual funds are distributed through intermediaries. Its closed-end funds trade on the New York Stock Exchange. Its variable insurance funds are available as investment options in variable annuities and life insurance products distributed by life insurance companies. Separately managed accounts consists of intermediary programs sponsored and distributed by unaffiliated brokerage firms and private client accounts which are offered to the high net-worth clients of its affiliated managers. The Company also manages institutional accounts for corporations multi-employer retirement funds public employee retirement systems foundations endowments and as a sub-adviser to unaffiliated mutual funds.

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