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Virtus Investment Partners
(NYSE:VRTS)
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Rating:64Neutral
Price Target:
$181.00
▲(9.26% Upside)
Action:Reiterated
Date:06/27/26
The score is held back primarily by weakened cash flow (negative operating and free cash flow) and earnings-call headwinds tied to sizable net outflows and declining AUM. Offsetting these risks, the stock screens attractively on valuation (low P/E and high dividend yield) and has moderately supportive near-term technical positioning despite mixed momentum signals.
Positive Factors
ETF Momentum & Retail Sales
Robust ETF growth represents a durable distribution and product diversification vector. ETFs scale more efficiently, generate stable asset-based fees, and have shown recent positive net flows, which helps diversify revenue away from episodic institutional redemptions and supports recurring fee income over months.
Negative Factors
Large Net Outflows / AUM Decline
Sizable outflows and a meaningful AUM decline directly reduce recurring advisory revenue and average fee income. If sustained, lower scale pressures margins, raises per‑unit distribution costs, and can force product repricing or heightened sales spend to stabilize asset levels over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
ETF Momentum & Retail Sales
Robust ETF growth represents a durable distribution and product diversification vector. ETFs scale more efficiently, generate stable asset-based fees, and have shown recent positive net flows, which helps diversify revenue away from episodic institutional redemptions and supports recurring fee income over months.
Read all positive factors
Virtus Investment Partners (VRTS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.06B
Dividend Yield6.02%
Average Volume (3M)111.38K
Price to Earnings (P/E)8.9
Beta (1Y)0.96
Revenue Growth-5.17%
EPS Growth-14.45%
CountryUS
Employees801
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)17.22
Shares Outstanding6,682,122
10 Day Avg. Volume115,949
30 Day Avg. Volume111,378
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)1.19
Price to Sales (P/S)1.34
P/FCF Ratio-15.04
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$146.00Price Target Upside-11.87% Downside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)24.59
Revenue Forecast (FY)$744.64M
Virtus Investment Partners Business Overview & Revenue Model
Company Description
Virtus Investment Partners, Inc., a publicly traded investment management firm, caters to both individual and institutional clients. The company develops tailored equity and fixed-income portfolios, alongside offering a diverse range of mutual fun...
How the Company Makes Money
Virtus primarily makes money by earning investment management and related fees calculated as a percentage of assets under management (AUM). The company’s core revenue stream is advisory and management fee revenue from its sponsored investment prod...
Virtus Investment Partners Earnings Call Summary
Earnings Call Date:May 01, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Oct 23, 2026
Earnings Call Sentiment Negative
The call highlighted meaningful product and distribution progress—8% sales growth, strong ETF momentum, the strategic Keystone acquisition (adding $2.3B AUM and expanding alternatives/private credit), and signs of flow improvement in March/April. However, these positives were offset by substantial net outflows ($8.4B), a decline in AUM to $149B, sequential EPS and operating income pressure driven by seasonal employment expenses and lower average AUM, and higher short-term leverage/contingent liabilities related to the Keystone transaction. While management emphasized near-term improvements and long-term growth initiatives, the scale and persistence of outflows and AUM decline represent significant near-term headwinds.Positive Updates
Sales Growth
Total sales increased 8% to $5.8 billion (from $5.3 billion), led by a 26% increase in equity strategy sales and higher sales in U.S. retail funds, retail separate accounts, and global funds.
Negative Updates
Large Net Outflows and AUM Decline
Total net outflows were $8.4 billion for the quarter; assets under management fell to $149 billion at March 31 from $159 billion (≈$10 billion decline, roughly -6.3%), and average AUM declined 4% to $158.2 billion.
Read all updates
Q1-2026 Updates
Positive
Negative
Sales Growth
Total sales increased 8% to $5.8 billion (from $5.3 billion), led by a 26% increase in equity strategy sales and higher sales in U.S. retail funds, retail separate accounts, and global funds.
Read all positive updates
Company Guidance
Management’s forward-looking modeling assumptions included an expected average fee rate of about 43–45 basis points in Q2 (reflecting a full quarter of Keystone; Q1 included ~0.6 bps of incentive fees), employment expenses as adjusted of roughly 51%–53% of revenues (with the high end likely in Q2 due to seasonality), other operating expenses in a quarterly range of $31–$33 million (plus the incremental annual Board equity grant in Q2), noncontrolling interests of about $4–$5 million per quarter (factoring a full quarter of Keystone), and an effective tax rate of roughly 14%–15% beginning in Q2; they also noted Q1 carried $1.26 per share of seasonal employment expense and reported EPS as adjusted of $5.38.Virtus Investment Partners Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 799.77M | 830.59M | 902.82M | 841.49M | 881.72M | 974.67M |
| Gross Profit | 646.06M | 622.00M | 470.23M | 436.74M | 510.46M | 616.44M |
| EBITDA | 384.75M | 409.40M | 460.20M | 433.77M | 325.85M | 474.08M |
| Net Income | 116.87M | 138.40M | 121.75M | 130.62M | 117.54M | 208.13M |
Balance Sheet | ||||||
| Total Assets | 4.56B | 4.29B | 3.99B | 3.68B | 3.95B | 3.93B |
| Cash, Cash Equivalents and Short-Term Investments | 136.64M | 477.17M | 399.58M | 340.33M | 588.53M | 585.54M |
| Total Debt | 2.85B | 2.84B | 2.47B | 2.25B | 2.34B | 2.30B |
| Total Liabilities | 3.45B | 3.25B | 2.99B | 2.71B | 3.02B | 2.96B |
| Stockholders Equity | 917.40M | 934.04M | 897.49M | 863.93M | 817.02M | 828.30M |
Cash Flow | ||||||
| Free Cash Flow | -26.89M | -74.09M | -3.82M | 228.34M | 126.09M | 659.89M |
| Operating Cash Flow | -27.51M | -67.20M | 1.75M | 237.16M | 132.67M | 665.73M |
| Investing Cash Flow | -242.82M | -47.34M | -16.95M | -129.73M | -27.47M | -175.03M |
| Financing Cash Flow | 324.59M | 191.03M | 74.95M | -356.11M | -102.06M | -244.40M |
Virtus Investment Partners Technical Analysis
Positive
165.66
Price Trends
149.57
Positive
141.30
Positive
146.99
Positive
Market Momentum
4.74
Positive
64.03
Neutral
52.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VRTS, the sentiment is Positive. The current price of 165.66 is above the 20-day moving average (MA) of 161.03, above the 50-day MA of 149.57, and above the 200-day MA of 146.99, indicating a bullish trend. The MACD of 4.74 indicates Positive momentum. The RSI at 64.03 is Neutral, neither overbought nor oversold. The STOCH value of 52.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VRTS.
Virtus Investment Partners Risk Analysis
Virtus Investment Partners disclosed 19 risk factors in its most recent earnings report. Virtus Investment Partners reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Virtus Investment Partners Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $4.55B | 10.88 | 31.02% | 2.42% | 15.25% | 19.43% | |
75 Outperform | $3.44B | 10.88 | 25.41% | 9.17% | ― | 0.94% | |
74 Outperform | $9.69B | 11.77 | 28.13% | 0.01% | 12.26% | 108.91% | |
72 Outperform | $645.99M | 12.09 | 22.87% | 6.58% | 46.25% | 88.59% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $3.08B | 30.45 | 200.83% | 0.27% | 23.66% | 17.83% | |
64 Neutral | $1.06B | 8.94 | 17.20% | 5.70% | -5.17% | -14.45% |
* Financial Sector Average
VRTS
Virtus Investment Partners
169.36
-10.92
-6.06%
AMG
Affiliated Managers
380.89
166.40
77.58%
AB
AllianceBernstein
36.99
-0.70
-1.85%
FHI
Federated Hermes
63.94
14.26
28.71%
AAMI
Acadian Asset Management
89.78
49.31
121.84%
VINP
Vinci Partners Investments
9.92
0.94
10.52%
Virtus Investment Partners Corporate Events
Executive/Board ChangesShareholder Meetings
Virtus Shareholders Affirm Board, Auditors and Executive Pay
Positive
May 20, 2026
At its annual meeting of shareholders held on May 20, 2026, Virtus Investment Partners’ investors re‑elected all nominated directors to serve until the 2027 annual meeting or until successors are chosen, reinforcing continuity in the c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.