Virtus Investment Partners (VRTS)
NYSE:VRTS
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Virtus Investment Partners
(NYSE:VRTS)
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Rating:55Neutral
Price Target:
$130.00
▼(-5.42% Downside)
Action:ReiteratedDate:03/02/26
The score is held back mainly by volatile/negative recent cash flow and weak technical trend signals (price below major moving averages, negative MACD). These are partially offset by attractive valuation (low P/E and high dividend yield) and a mixed-but-stabilizing earnings narrative featuring ETF momentum, cost discipline, and solid liquidity despite continued outflow pressure.
Positive Factors
ETF Growth & Product Innovation
Rapid ETF AUM growth and positive ETF flows indicate durable product momentum and distribution traction. ETFs are structurally attractive for asset managers due to scalable, repeatable fee capture and lower marginal distribution cost; continued launches deepen footprint and diversify fee sources over the medium term.
Negative Factors
Volatile Cash Generation
Irregular and sometimes negative cash generation undermines financial flexibility and the predictability of capital returns. Persistent cash volatility limits capacity to fund buybacks, dividends, or M&A organically and increases reliance on balance sheet or external financing during drawdown periods.
Read all positive and negative factors
Positive Factors
Negative Factors
ETF Growth & Product Innovation
Rapid ETF AUM growth and positive ETF flows indicate durable product momentum and distribution traction. ETFs are structurally attractive for asset managers due to scalable, repeatable fee capture and lower marginal distribution cost; continued launches deepen footprint and diversify fee sources over the medium term.
Read all positive factors
Virtus Investment Partners (VRTS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$920.30M
Dividend Yield5.41%
Average Volume (3M)103.88K
Price to Earnings (P/E)8.1
Beta (1Y)0.98
Revenue Growth-3.07%
EPS Growth18.00%
CountryUS
Employees805
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)6.50
Shares Outstanding6,695,515
10 Day Avg. Volume107,718
30 Day Avg. Volume103,878
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 Cap3.58
Enterprise Value/Revenue3.97
Enterprise Value/Gross Profit5.30
Enterprise Value/Ebitda8.05
Forecast
1Y Price Target
$152.00Price Target Upside10.59% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)24.51
Revenue Forecast (FY)$768.17M
Virtus Investment Partners Business Overview & Revenue Model
Company Description
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 eq...
How the Company Makes Money
Virtus primarily makes money by earning fees for managing client assets. Its core revenue stream is investment management fees calculated as a percentage of assets under management (AUM) across its sponsored funds (e.g., mutual funds and ETFs) and...
Virtus Investment Partners Earnings Call Summary
Earnings Call Date:Feb 06, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 24, 2026
Earnings Call Sentiment Neutral
The call reflected a mixed picture: significant near-term challenges from large net outflows and equity style headwinds materially reduced AUM and pressured quarterly earnings metrics, but the firm demonstrated offsetting strengths — robust ETF momentum, product launches, strategic private-market investments (Keystone and Crescent Cove), disciplined expense control, share repurchases, and a strong liquidity position. Management emphasized long-term conviction in its quality strategies and diversification efforts while noting encouraging early Q1 flow signals in ETFs and fixed income.Positive Updates
ETF Growth and Strong ETF Flows
ETF AUM rose to $5.2 billion, up $500 million sequentially and up 72% year-over-year; ETFs generated $600 million of positive net flows in the quarter and continue to show double-digit organic growth.
Negative Updates
Large Net Outflows and AUM Decline
Total net outflows were $8.1 billion in Q4 versus $3.9 billion in Q3; assets under management fell to $159.5 billion at December 31 from $169 billion the prior quarter (≈5.6% decline).
Read all updates
Q4-2025 Updates
Positive
Negative
ETF Growth and Strong ETF Flows
ETF AUM rose to $5.2 billion, up $500 million sequentially and up 72% year-over-year; ETFs generated $600 million of positive net flows in the quarter and continue to show double-digit organic growth.
Read all positive updates
Company Guidance
The company provided detailed modeling and near-term guidance: AUM was $159.5B at 12/31 (average AUM down 3% to $165.2B) with ETF AUM $5.2B (up $0.5B sequentially, +72% YoY); Q4 total sales were $5.3B (vs $6.3B Q3) and total net outflows $8.1B (vs $3.9B), driven largely by equity outflows (fixed income modestly negative ~$0.1B; alternatives essentially breakeven; ETFs +$0.6B). Investment management fees (adjusted) were $168.9M (avg. fee rate 40.6 bps; normalize ~40.9 bps); for modeling use 41–42 bps in Q1 and 43–45 bps thereafter (one month of Keystone in Q1). Operating income (adjusted) was $61.1M, operating margin 32.4% (down 60 bps), EPS (adjusted) $6.50; employment expense (adjusted) $95.8M (50.7% of revenues; model 49–51% in Q1, 50–52% thereafter), other opex $30.2M (model $30–32M Q1, $31–33M longer term). Balance sheet/capital items: cash & equivalents $386M, $250M revolver undrawn, gross debt/EBITDA 1.3x, net debt $13M; Q4 buybacks ~60k shares for $10M (FY buybacks $60M, ~347k shares, ~5% of beginning shares); expected Q1 cash uses include ~$22M revenue participation and the $200M Keystone closing payment, with anticipated net leverage ~1.2x EBITDA at 3/31; non‑controlling interests ~$1.5M in Q1 and an effective tax rate moving from 25.3% (Q4) to ~23–24% beginning Q2.Virtus Investment Partners Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
53
Neutral
Cash Flow
32
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 830.59M | 902.82M | 841.49M | 881.72M | 974.67M |
| Gross Profit | 622.00M | 470.23M | 436.74M | 510.46M | 616.44M |
| EBITDA | 409.40M | 460.20M | 433.77M | 325.85M | 474.08M |
| Net Income | 138.40M | 121.75M | 130.62M | 117.54M | 208.13M |
Balance Sheet | |||||
| Total Assets | 4.29B | 3.99B | 3.68B | 3.95B | 3.93B |
| Cash, Cash Equivalents and Short-Term Investments | 477.17M | 399.58M | 340.33M | 588.53M | 585.54M |
| Total Debt | 2.84B | 2.47B | 2.25B | 2.34B | 2.30B |
| Total Liabilities | 3.25B | 2.99B | 2.71B | 3.02B | 2.96B |
| Stockholders Equity | 934.04M | 897.49M | 863.93M | 817.02M | 828.30M |
Cash Flow | |||||
| Free Cash Flow | -74.09M | -3.82M | 228.34M | 126.09M | 659.89M |
| Operating Cash Flow | -67.20M | 1.75M | 237.16M | 132.67M | 665.73M |
| Investing Cash Flow | -47.34M | -16.95M | -129.73M | -27.47M | -175.03M |
| Financing Cash Flow | 191.03M | 74.95M | -356.11M | -102.06M | -244.40M |
Virtus Investment Partners Technical Analysis
Negative
137.45
Price Trends
137.69
Negative
149.82
Negative
166.80
Negative
Market Momentum
-0.96
Negative
55.88
Neutral
93.70
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VRTS, the sentiment is Negative. The current price of 137.45 is above the 20-day moving average (MA) of 130.67, below the 50-day MA of 137.69, and below the 200-day MA of 166.80, indicating a neutral trend. The MACD of -0.96 indicates Negative momentum. The RSI at 55.88 is Neutral, neither overbought nor oversold. The STOCH value of 93.70 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $4.20B | 9.70 | 35.33% | 2.46% | 9.32% | 53.51% | |
78 Outperform | $3.51B | 12.97 | 18.76% | 8.93% | ― | -12.92% | |
73 Outperform | $676.72M | 21.23 | 15.08% | 4.56% | 81.45% | -26.75% | |
72 Outperform | $7.61B | 11.47 | 22.04% | 0.01% | 1.08% | 8.24% | |
69 Neutral | $2.21B | 12.09 | 7024.00% | 0.08% | 21.53% | 42.18% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
55 Neutral | $920.30M | 8.05 | 15.20% | 5.41% | -3.07% | 18.00% |
* Financial Sector Average
VRTS
Virtus Investment Partners
137.45
-5.66
-3.96%
AMG
Affiliated Managers
285.36
127.56
80.83%
AB
AllianceBernstein
38.03
3.67
10.67%
FHI
Federated Hermes
55.27
18.51
50.35%
AAMI
Acadian Asset Management
61.93
35.82
137.21%
VINP
Vinci Partners Investments
10.70
2.04
23.61%
Virtus Investment Partners Corporate Events
Business Operations and StrategyM&A Transactions
Virtus Expands into Private Markets with Keystone Acquisition
Positive
Mar 2, 2026
Virtus Investment Partners expanded into private markets with the March 1, 2026 closing of its majority acquisition of Keystone National Group, an investment manager focused on asset‑centric private credit and distribution to the wealth chan...
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.