VRTS - Virtus Investment Partners Inc Stock Price, Fair Value and News

235.26USD+2.77 (+1.19%)Delayed as of 15 May 2024, 12:04 pm ET

Market Summary

USD235.26+2.77

Delayedas of 15 May 2024, 12:04 pm

1.19%

VRTS Stock Price

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VRTS RSI Chart

VRTS Valuation

Market Cap

1.7B

Price/Earnings (Trailing)

11.45

Price/Sales (Trailing)

1.91

EV/EBITDA

5.57

Price/Free Cashflow

7.01

VRTS Price/Sales (Trailing)

VRTS Profitability

EBT Margin

21.84%

Return on Equity

16.52%

Return on Assets

4.08%

Free Cashflow Yield

14.26%

VRTS Fundamentals

VRTS Revenue

Revenue (TTM)

869.4M

Rev. Growth (Yr)

12.21%

Rev. Growth (Qtr)

3.47%

VRTS Earnings

Earnings (TTM)

144.7M

Earnings Growth (Yr)

9.31%

Earnings Growth (Qtr)

-1.64%

Breaking Down VRTS Revenue

52 Week Range

173.02236.47

(Low)(High)

Last 7 days

3.7%

Last 30 days

3.2%

Last 90 days

0.8%

Trailing 12 Months

33.5%

How does VRTS drawdown profile look like?

VRTS Financial Health

Current Ratio

4.23

Debt/Equity

0.29

Debt/Cashflow

0.97

VRTS Investor Care

Dividend Yield

3.05%

Dividend/Share (TTM)

7.1

Buy Backs (1Y)

2.20%

Diluted EPS (TTM)

16.6

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	869.4M	0	0	0
2023	831.8M	820.0M	829.1M	845.3M
2022	1.0B	996.1M	954.3M	886.4M
2021	676.2M	787.3M	884.6M	979.2M
2020	577.1M	569.5M	578.3M	603.9M
2019	553.9M	561.5M	555.2M	563.2M
2018	474.9M	513.7M	542.2M	552.2M
2017	322.0M	336.1M	377.4M	425.6M
2016	358.4M	338.9M	328.8M	322.6M
2015	446.6M	433.5M	408.0M	382.0M
2014	410.9M	427.5M	445.0M	450.6M
2013	303.9M	333.2M	361.6M	389.2M
2012	222.9M	240.8M	257.3M	280.1M
2011	155.2M	169.3M	189.2M	204.7M
2010	0	126.3M	135.4M	144.6M
2009	0	0	0	117.2M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Virtus Investment Partners Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 15, 2024	aylward george r	sold (taxes)	-1,154,570	231	-4,991	director, ceo and president
Mar 15, 2024	purkalitis andra c	acquired	-	-	1,729	evp and clo
Mar 15, 2024	angerthal michael a	acquired	-	-	2,878	evp, cfo & treasurer
Mar 15, 2024	aylward george r	acquired	-	-	10,212	director, ceo and president
Mar 15, 2024	pena mardelle w	acquired	-	-	345	evp, chief hr officer
Mar 15, 2024	mandinach barry m.	sold (taxes)	-219,532	231	-949	evp, head of distribution
Mar 15, 2024	angerthal michael a	sold (taxes)	-321,549	231	-1,390	evp, cfo & treasurer
Mar 15, 2024	pena mardelle w	sold (taxes)	-83,972	231	-363	evp, chief hr officer
Mar 15, 2024	smirl richard w	acquired	-	-	2,162	evp & chief operating officer
Mar 15, 2024	mandinach barry m.	acquired	-	-	1,928	evp, head of distribution

Which funds bought or sold VRTS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 13, 2024	FIRST TRUST ADVISORS LP	added	8.31	266,646	2,669,260	-%
May 13, 2024	AMERICAN INTERNATIONAL GROUP, INC.	reduced	-2.2	2,836	913,062	-%
May 13, 2024	TRUIST FINANCIAL CORP	added	0.09	7,427	285,975	-%
May 13, 2024	HRT FINANCIAL LP	sold off	-100	-500,000	-	-%
May 13, 2024	Gator Capital Management, LLC	unchanged	-	118,958	4,742,620	2.43%
May 13, 2024	Jefferies Financial Group Inc.	sold off	-100	-483,520	-	-%
May 13, 2024	EverSource Wealth Advisors, LLC	unchanged	-	-	3,143	-%
May 13, 2024	Atria Wealth Solutions, Inc.	reduced	-4.81	-5,991	250,240	-%
May 13, 2024	RENAISSANCE TECHNOLOGIES LLC	new	-	2,685,000	2,685,000	-%
May 13, 2024	FRANKLIN RESOURCES INC	added	282	1,955,160	2,623,380	-%

Are Funds Buying or Selling VRTS?

Are funds buying VRTS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own VRTS

No. of Funds

Unveiling Virtus Investment Partners Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	t. rowe price investment management, inc.	5.6%	404,558	SC 13G
Feb 13, 2024	vanguard group inc	12.68%	911,302	SC 13G/A
Jan 22, 2024	blackrock inc.	15.4%	1,109,338	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	1.2%	89,082	SC 13G/A
Feb 14, 2023	t. rowe price investment management, inc.	6.0%	433,382	SC 13G
Feb 09, 2023	vanguard group inc	12.40%	896,637	SC 13G/A
Jan 24, 2023	blackrock inc.	16.5%	1,193,804	SC 13G
Feb 14, 2022	price t rowe associates inc /md/	6.8%	521,950	SC 13G/A
Feb 10, 2022	vanguard group inc	11.18%	847,963	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	3.5%	263,631	SC 13G/A

Recent SEC filings of Virtus Investment Partners Inc

View All Filings

Date Filed	Form Type	Document
May 08, 2024	10-Q	Quarterly Report
Apr 26, 2024	8-K	Current Report
Apr 04, 2024	ARS	ARS
Apr 03, 2024	DEF 14A	DEF 14A
Apr 03, 2024	DEFA14A	DEFA14A
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading

Peers (Alternatives to Virtus Investment Partners Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BLK	119.3B	18.3B	5.19%	24.55%	20.16	6.51	5.32%	20.80%
BX	90.0B	10.3B	2.03%	51.55%	41.83	8.72	116.39%	249.10%
ARES	44.9B	3.6B	10.32%	74.02%	94.61	12.63	12.70%	183.11%
BK	43.6B	19.6B	5.99%	43.37%	13.07	2.22	78.39%	20.24%
BEN	12.9B	8.1B	-3.86%	-0.33%	14.3	1.59	2.98%	5.84%
MID-CAP
IVZ	7.2B	5.8B	4.30%	5.19%	-21.34	1.25	-1.10%	-153.42%
AMG	5.1B	2.0B	-1.94%	11.84%	7.36	2.48	-8.91%	-39.33%
AB	3.9B	-	1.06%	-1.67%	14.09	-	-	7.16%
APAM	3.7B	1.0B	5.13%	41.97%	15.92	3.66	6.21%	20.27%
CNS	3.6B	486.3M	2.67%	31.69%	28.41	7.46	-9.75%	-22.27%
AMK	2.5B	722.2M	-5.92%	20.93%	17.57	3.5	12.85%	46.40%
SMALL-CAP
PX	957.9M	250.6M	8.19%	-17.38%	-364.28	3.82	18.02%	-111.85%
BSIG	867.1M	440.5M	2.77%	-	12.68	1.97	11.01%	-22.97%
AINC	16.6M	770.8M	2.11%	-54.04%	-3.82	0.02	10.81%	-208.39%
AC	729.1K	25.3M	5.03%	-8.46%	0.02	0.03	137.10%	176.58%

Virtus Investment Partners Inc News

Latest updates

Virtus Investment Partners Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	3.5%	222	215	219	214	198	198	210	225	252	266	252	244	217	172	155	133	145	146	146	140	131
Operating Expenses	8.0%	190	176	174	174	169	167	166	169	187	183	159	158	155	121	114	106	120	108	110	110	110
EBITDA Margin	-0.9%	0.34*	0.35*	0.33*	0.34*	0.28*	0.25*	0.31*	0.34*	0.40*	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expenses	100.0%	-	-26.49	6.00	39.00	35.00	-29.93	20.00	3.00	12.00	-0.44	2.00	2.00	2.00	-20.23	18.00	28.00	3.00	-10.10	5.00	31.00	5.00
Income Taxes	-33.6%	9.00	13.00	12.00	11.00	9.00	13.00	11.00	16.00	17.00	27.00	26.00	22.00	15.00	14.00	12.00	8.00	10.00	11.00	11.00	9.00	4.00
Earnings Before Taxes	-9.8%	47.00	52.00	50.00	41.00	43.00	39.00	38.00	31.00	56.00	89.00	98.00	98.00	67.00	76.00	53.00	24.00	11.00	41.00	36.00	37.00	27.00
EBT Margin	-1.0%	0.22*	0.22*	0.21*	0.20*	0.18*	0.18*	0.22*	0.28*	0.34*	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	-1.6%	38.00	38.00	38.00	30.00	35.00	26.00	27.00	14.00	39.00	62.00	73.00	76.00	52.00	62.00	41.00	16.00	1.00	30.00	25.00	28.00	22.00
Net Income Margin	-0.6%	0.17*	0.17*	0.16*	0.14*	0.12*	0.12*	0.15*	0.19*	0.25*	-	-	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-838.8%	-36.45	5.00	124	144	-44.41	-23.27	116	118	-84.28	-	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-3.5%	3,548	3,679	3,765	3,646	3,698	3,953	3,546	3,544	3,702	3,934	3,778	3,693	3,702	3,467	3,391	3,340	3,392	3,205	3,113	3,067	2,845
Cash Equivalents	-27.4%	248	341	406	358	418	589	396	359	336	586	593	406	400	340	256	252	394	322	279	251	198
Net PPE	-0.5%	26.00	26.00	26.00	23.00	19.00	19.00	19.00	19.00	18.00	13.00	12.00	13.00	13.00	14.00	15.00	16.00	17.00	18.00	19.00	20.00	20.00
Goodwill	0%	397	397	397	397	48.00	349	349	347	347	338	23.00	315	315	290	290	290	290	290	290	290	290
Liabilities	-5.5%	2,557	2,705	2,801	2,679	2,747	3,016	2,616	2,613	2,739	2,959	2,825	2,771	2,851	2,630	2,603	2,583	2,638	2,455	2,344	2,343	2,140
Long Term Debt	-0.2%	253	253	274	294	255	255	255	256	266	266	267	190	196	201	218	235	251	278	292	306	318
Shareholder's Equity	1.4%	876	864	862	857	844	817	806	792	824	837	821	790	739	721	688	667	666	686	678	664	646
Retained Earnings	7.6%	223	207	191	174	156	130	107	88.00	82.00	61.00	23.00	-35.70	-98.67	-135	-178	-208	-219	-215	-238	-262	-289
Additional Paid-In Capital	-0.2%	1,298	1,301	1,296	1,287	1,282	1,286	1,282	1,276	1,274	1,276	1,273	1,281	1,285	1,298	1,302	1,303	1,305	1,199	1,202	1,204	1,206
Shares Outstanding	0.6%	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	8.00	8.00	8.00	8.00	-	-	-	-	-	-	-	-	-
Minority Interest	-100.0%	-	4.00	5.00	5.00	6.00	6.00	7.00	7.00	8.00	8.00	9.00	9.00	9.00	10.00	9.00	8.00	10.00	11.00	12.00	13.00	13.00
Float	-	-	-	-	1,340	-	-	-	1,170	-	-	-	2,010	-	-	-	835	-	-	-	695	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-571.9%	-34,528	7,317	127,752	145,047	-42,959	-22,180	117,239	119,386	-81,775	242,050	184,499	89,029	150,151	154,164	69,445	-197,392	-252,320	66,292	40,653	-120,453	-23,215
Share Based Compensation	1.2%	6,831	6,753	7,668	6,655	5,749	4,775	5,148	4,572	9,547	4,392	5,989	7,849	7,995	5,069	6,299	6,492	3,621	5,846	5,000	5,755	5,629
Cashflow From Investing	-3.2%	-2,460	-2,383	-4,105	-110,099	-13,145	-1,720	-1,305	-1,867	-22,575	-158,508	-10,998	-2,919	-2,608	-254	-314	-117	9,366	-9,022	19,108	-3,543	-2,095
Cashflow From Financing	20.2%	-56,146	-70,344	-75,042	-95,649	-115,078	216,911	-78,791	-94,400	-145,777	-90,887	14,132	-79,972	-87,673	-70,508	-64,737	55,936	314,641	-14,363	-32,013	177,214	-31,280
Dividend Payments	9.3%	14,929	13,662	12,018	12,284	14,083	12,010	11,054	11,527	12,663	11,381	6,282	6,631	7,117	6,340	5,140	5,488	5,832	4,733	3,852	3,951	4,441
Buy Backs	-75.0%	5,000	20,000	15,000	10,000	-	10,000	10,000	40,000	30,000	25,000	20,000	7,500	4,999	7,500	7,500	7,500	10,000	10,000	7,501	7,500	14,999

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VRTS Income Statement

2024-03-31

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues
Revenues	$ 222,042	$ 197,874
Operating Expenses
Employment expenses	115,163	98,614
Distribution and other asset-based expenses	24,348	23,715
Restructuring expense	797	0
Depreciation expense	2,028	1,145
Amortization expense	15,335	14,391
Total operating expenses	189,736	169,295
Operating Income (Loss)	32,306	28,579
Other Income (Expense)
Other income (expense), net	550	(343)
Total other income (expense), net	5,501	4,923
Interest Income (Expense)
Total interest income (expense), net	8,891	9,844
Income (Loss) Before Income Taxes	46,698	43,346
Income tax expense (benefit)	8,831	8,703
Net Income (Loss)	37,867	34,643
Noncontrolling interests	(8,009)	3,981
Net Income (Loss) Attributable to Virtus Investment Partners, Inc.	$ 29,858	$ 38,624
Earnings (Loss) per Share—Basic (in dollars per share)	$ 4.19	$ 5.33
Earnings (Loss) per Share—Diluted (in dollars per share)	$ 4.10	$ 5.21
Weighted Average Shares Outstanding—Basic (in shares)	7,119	7,245
Weighted Average Shares Outstanding—Diluted (in shares)	7,287	7,410
Consolidated Entity excluding Consolidated Investment Products
Operating Expenses
Other operating expenses	$ 31,375	$ 30,730
Other Income (Expense)
Realized and unrealized gain (loss) on investments, net	3,416	2,670
Interest Income (Expense)
Interest expense	(5,681)	(5,005)
Interest and dividend income	3,469	3,238
Consolidated Investment Products
Operating Expenses
Other operating expenses	690	700
Other Income (Expense)
Realized and unrealized gain (loss) on investments, net	1,535	2,596
Interest Income (Expense)
Interest expense	(40,012)	(35,203)
Interest and dividend income	51,115	46,814
Investment management fees
Revenues
Revenues	188,360	164,478
Distribution and service fees
Revenues
Revenues	14,030	14,153
Administration and shareholder service fees
Revenues
Revenues	18,678	18,359
Other income and fees
Revenues
Revenues	$ 974	$ 884

VRTS Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets:
Accounts receivable, net	$ 116,387	$ 109,076
Furniture, equipment and leasehold improvements, net	26,088	26,216
Intangible assets, net	416,784	432,119
Goodwill	397,098	397,098
Deferred taxes, net	23,974	25,024
Total assets	3,548,125	3,678,629
Liabilities:
Accrued compensation and benefits	95,591	200,837
Accounts payable and accrued liabilities	44,282	38,756
Dividends payable	16,553	17,291
Contingent consideration	66,704	90,938
Debt	253,008	253,412
Other liabilities	67,460	91,471
Total liabilities	2,556,937	2,705,471
Commitments and Contingencies (Note 14)
Redeemable noncontrolling interests	115,185	104,869
Equity attributable to Virtus Investment Partners, Inc.:
Common stock, $0.01 par value, 1,000,000,000 shares authorized; 12,224,489 shares issued and 7,127,881 shares outstanding at March 31, 2024; and 12,163,228 shares issued and 7,087,728 shares outstanding at December 31, 2023	122	122
Additional paid-in capital	1,298,157	1,300,999
Retained earnings (accumulated deficit)	223,023	207,356
Accumulated other comprehensive income (loss)	(187)	(87)
Treasury stock, at cost, 5,096,608 and 5,075,500 shares at March 31, 2024 and December 31, 2023, respectively	(649,463)	(644,464)
Total equity attributable to Virtus Investment Partners, Inc.	871,652	863,926
Total equity	876,003	868,289
Total liabilities and equity	3,548,125	3,678,629
Consolidated Entity excluding Consolidated Investment Products
Assets:
Cash and cash equivalents	123,880	239,602
Investments	127,448	132,696
Other assets	79,596	89,438
Consolidated Investment Products
Assets:
Cash and cash equivalents	123,030	100,732
Investments	2,081,225	2,082,713
Cash pledged or on deposit of CIP	767	680
Other assets	31,848	43,235
Liabilities:
Notes payable of CIP	1,922,051	1,922,243
Securities purchased payable and other liabilities of CIP	91,288	90,523
Equity attributable to Virtus Investment Partners, Inc.:
Noncontrolling interests	$ 4,351	$ 4,363

About Virtus Investment Partners Inc

Virtus Investment Partners, Inc. is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients. It invests in the public equity, fixed income, and real estate markets. The firm also invests in exchange traded funds. It employs a multi manager approach for its products. The firm employs quantitative analysis to make its investments. It benchmarks the performance of its portfolios against the S&P 500 Index. The firm conducts in-house research to make its investments. Virtus Investment Partners, Inc. was founded in 1988 and is based in Hartford, Connecticut.

CEO	Mr. George Robert Aylward Jr., CPA, CPA
WEBSITE	virtus.com
INDUSTRY	Asset Management
EMPLOYEES	772

Virtus Investment Partners Inc Frequently Asked Questions

What is the ticker symbol for Virtus Investment Partners Inc? What does VRTS stand for in stocks?

VRTS is the stock ticker symbol of Virtus Investment Partners Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Virtus Investment Partners Inc (VRTS)?

As of Tue May 14 2024, market cap of Virtus Investment Partners Inc is 1.66 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of VRTS stock?

You can check VRTS's fair value in chart for subscribers.

What is the fair value of VRTS stock?

You can check VRTS's fair value in chart for subscribers. The fair value of Virtus Investment Partners Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Virtus Investment Partners Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for VRTS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Virtus Investment Partners Inc a good stock to buy?

The fair value guage provides a quick view whether VRTS is over valued or under valued. Whether Virtus Investment Partners Inc is cheap or expensive depends on the assumptions which impact Virtus Investment Partners Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for VRTS.

What is Virtus Investment Partners Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 14 2024, VRTS's PE ratio (Price to Earnings) is 11.45 and Price to Sales (PS) ratio is 1.91. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. VRTS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Virtus Investment Partners Inc's stock?

In the past 10 years, Virtus Investment Partners Inc has provided 0.042 (multiply by 100 for percentage) rate of return.