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 6,823 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
20% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 20
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]
3.47% less ownership
Funds ownership: 83.92% [Q2] → 80.45% (-3.47%) [Q3]
11% less capital invested
Capital invested by funds: $1.35B [Q2] → $1.2B (-$149M) [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
$221
5%
upside
Avg. target
$241
15%
upside
High target
$274
30%
upside
3 analyst ratings
1 positive
33%
0 neutral
0%
2 negative
67%
Barclays Benjamin Budish 77% 1-year accuracy 88 / 115 met price target | 5%upside $221 | Underweight Maintained | 17 Jan 2025 |
Morgan Stanley Michael Cyprys 83% 1-year accuracy 24 / 29 met price target | 9%upside $228 | Underweight Maintained | 20 Dec 2024 |
Piper Sandler Crispin Love 61% 1-year accuracy 17 / 28 met price target | 30%upside $274 | Overweight Maintained | 27 Nov 2024 |
Financial journalist opinion
Based on 3 articles about VRTS published over the past 30 days
Neutral
Business Wire
3 days ago
Virtus Investment Partners to Announce Fourth Quarter 2024 Results on Friday, January 31
HARTFORD, Conn.--(BUSINESS WIRE)--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 fourth quarter of 2024 before the market opens on Friday, January 31, 2025. 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.
Neutral
Business Wire
1 week ago
Virtus Investment Partners Reports Preliminary December 31, 2024 Assets Under Management
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NYSE: VRTS) today reported preliminary assets under management (AUM) of $175.0 billion and other fee earning assets of $2.3 billion for total client assets of $177.3 billion as of December 31, 2024. The decrease in AUM from September 30, 2024 reflects net outflows in institutional accounts and open-end funds as well as negative market performance, partially offset by positive net flows in retail separate accounts. Institutional.
Positive
Zacks Investment Research
1 week ago
Virtus (VRTS) Upgraded to Buy: Here's What You Should Know
Virtus (VRTS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Neutral
Business Wire
1 month 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 month 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 month 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
1 month 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
2 months 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
2 months 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
2 months 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.
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