S&P 500 eases slightly from fresh record high after stronger economic growth
In a challenging market environment, Virtus Investment Partners, Inc. (NYSE:VRTS) stock has touched a 52-week low, reaching a price level of $163.06. According to InvestingPro analysis, the company appears undervalued, with a P/E ratio of 9.4x and an EV/EBITDA of 4.7x. Despite market pressures, the company maintains a strong 5.1% dividend yield and has raised dividends for seven consecutive years. This latest dip underscores a significant downturn for the asset management firm, which has seen its stock price contract by -32.15% over the past year. Investors are closely monitoring the company’s performance, as the broader financial sector grapples with volatile market conditions that have particularly impacted investment management businesses. The 52-week low serves as a critical indicator for shareholders and potential investors, reflecting the market’s current valuation of Virtus Investment’s financial health and future prospects. For deeper insights into VRTS’s valuation and growth potential, access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers key metrics and expert analysis for over 1,400 US stocks.
In other recent news, Virtus Investment Partners reported its fourth-quarter 2024 earnings, with an adjusted earnings per share (EPS) of $7.50, slightly missing the forecasted $7.62. However, the company surpassed revenue expectations, reporting $223.5 million against the projected $214.06 million. Despite the earnings miss, Virtus noted a 5% sequential decline in total assets under management, now at $175 billion, primarily due to net outflows and market impacts. The firm also highlighted the launch of new exchange-traded funds (ETFs), which contributed to doubling its ETF assets to $3.1 billion over the past year. Virtus’ operating margin reached 35.1%, the highest since Q2 2022, reflecting strong operational efficiency. The company also reported a decrease in assets under management from $176.9 billion at the end of January 2025 to $174.5 billion by the end of February, attributed to market performance and outflows from U.S. retail mutual funds. Furthermore, Virtus is exploring potential mergers and acquisitions, particularly in private market capabilities, and anticipates an average fee rate of 41-42 basis points for the future.
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