Virtus Investment PartnersVRTS
VRTS
About: Virtus Investment Partners Inc provides investment management and related services to individuals and institutions. Its retail products include open-end mutual funds, closed-end funds, exchange-traded funds, and variable insurance funds. Geographically, the activities are carried out through the region of the U.S. and the group generates revenue through investment management fees, distribution and service fees and administration and shareholder service fees.
Employees: 824
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
14% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 21
1% more funds holding
Funds holding: 223 [Q2] → 226 (+3) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
3.52% less ownership
Funds ownership: 81.93% [Q2] → 78.41% (-3.52%) [Q3]
11% less capital invested
Capital invested by funds: $1.32B [Q2] → $1.17B (-$148M) [Q3]
14% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 85
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$228
3%
upside
Avg. target
$247
12%
upside
High target
$274
24%
upside
3 analyst ratings
1 positive
33%
0 neutral
0%
2 negative
67%
Morgan Stanley Michael Cyprys 65% 1-year accuracy 22 / 34 met price target | 3%upside $228 | Underweight Maintained | 20 Dec 2024 |
Barclays Benjamin Budish 69% 1-year accuracy 72 / 104 met price target | 8%upside $239 | Underweight Maintained | 9 Dec 2024 |
Piper Sandler Crispin Love 65% 1-year accuracy 17 / 26 met price target | 24%upside $274 | Overweight Maintained | 27 Nov 2024 |
Financial journalist opinion
Based on 4 articles about VRTS published over the past 30 days
Neutral
Business Wire
1 week ago
Virtus Investment Partners Declares Quarterly Cash Dividend on Common Stock
HARTFORD, Conn.--(BUSINESS WIRE)--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 cash dividend of $2.25 per common share for the fourth quarter of 2024. The dividend will be paid on February 12, 2025 to shareholders of record at the close of business on January 31, 2025. Future declarations of dividends will be subject to the approval of the Board of Directors. About V.
Neutral
Business Wire
1 week ago
Virtus Investment Partners Announces Appointment of Board Member
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners (NYSE: VRTS), which operates a multi-boutique asset management business, today announced that John C. Weisenseel, who has more than 20 years of experience in senior financial leadership roles, has been appointed to the company's Board of Directors and to its Audit Committee. Weisenseel, 64, retired as senior vice president and chief financial officer of AllianceBernstein LP, where he supervised all global finance activities for the pu.
Neutral
Business Wire
1 week ago
Virtus Investment Partners Reports Preliminary November 30, 2024 Assets Under Management
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NYSE: VRTS) today reported preliminary assets under management (AUM) of $186.8 billion and other fee earning assets of $2.4 billion for total client assets of $189.1 billion as of November 30, 2024. The increase in AUM from October 31, 2024 primarily reflects market performance and positive net flows in retail separate accounts, partially offset by net outflows in open-end funds and institutional accounts. Preliminary average A.
Neutral
Business Wire
2 weeks ago
Virtus Introduces Virtus Seix AAA Private Credit CLO ETF
NEW YORK--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NYSE: VRTS) has expanded its offerings of distinctive, actively managed exchange-traded funds with the introduction of the Virtus Seix AAA Private Credit CLO ETF, (NYSE Arca: PCLO), the second ETF managed by Seix Investment Advisors. The Virtus Seix AAA Private Credit CLO ETF, the first ETF to focus on private credit collateralized loan obligations (CLOs), primarily seeks to invest in the strongest and most undervalued AAA rated priva.
Negative
Zacks Investment Research
1 month ago
Virtus Investment's October AUM Balance Dips, Stock Down 1%
VRTS reports a 2.4% decrease in the AUM balance for October 2024 due to market depreciation.
Neutral
Business Wire
1 month ago
Virtus Investment Partners Reports Preliminary October 31, 2024 Assets Under Management
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NYSE: VRTS) today reported preliminary assets under management (AUM) of $179.4 billion and other fee earning assets of $2.3 billion for total client assets of $181.7 billion as of October 31, 2024. The decrease in AUM from October 31, 2024 primarily reflects market performance and net outflows due to open-end funds and institutional accounts, partially offset by positive net flows in retail separate accounts. Preliminary averag.
Neutral
Seeking Alpha
1 month ago
Virtus Investment Partners, Inc. (VRTS) Q3 2024 Earnings Call Transcript
Virtus Investment Partners, Inc. (NYSE:VRTS ) Q3 2024 Earnings Call Transcript October 25, 2024 10:00 AM ET Company Participants Sean Rourke - IR George Aylward - President and CEO Mike Angerthal - CFO Conference Call Participants Crispin Love - Piper Sandler Annalei Davis - Morgan Stanley Bill Katz - TD Cowen Ben Budish - Barclays Operator Good morning. My name is Dede, and I will be your conference operator today.
Positive
Zacks Investment Research
1 month ago
Virtus Investment Partners (VRTS) Tops Q3 Earnings Estimates
Virtus Investment Partners (VRTS) came out with quarterly earnings of $6.92 per share, beating the Zacks Consensus Estimate of $6.81 per share. This compares to earnings of $6.21 per share a year ago.
Neutral
Business Wire
1 month ago
Virtus Investment Partners Announces Financial Results for Third Quarter 2024
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NYSE: VRTS) today reported financial results for the three months ended September 30, 2024. Financial Highlights (Unaudited) (in millions, except per share data or as noted) Three Months Ended Three Months Ended 9/30/2024 9/30/2023 Change 6/30/2024 Change U.S. GAAP Financial Measures Revenues $ 227.0 $ 219.3 4% $ 224.4 1% Operating expenses $ 171.8 $ 174.4 (1%) $ 180.2 .
Positive
Seeking Alpha
1 month ago
6 Upcoming Dividend Increases
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