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In a challenging market environment, Virtus Investment Partners, Inc. (NYSE:VRTS) stock has touched a 52-week low, reaching a price level of $169.78. According to InvestingPro analysis, the stock appears undervalued, trading at an attractive P/E ratio of 10.02 while offering a substantial 5.22% dividend yield. The company has demonstrated remarkable dividend consistency, raising payouts for seven consecutive years. This latest dip underscores a period of bearish sentiment for the asset management firm, which has seen its shares decline by 26.38% over the past year. Investors are closely monitoring the company’s performance, as the broader financial sector grapples with economic headwinds and shifting investor preferences. The 52-week low serves as a critical indicator for market watchers and shareholders alike, who are gauging Virtus Investment’s potential for recovery or further decline in the coming months. Notably, analyst price targets suggest potential upside, with targets ranging from $198 to $252. For deeper insights and additional ProTips about VRTS, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Virtus Investment Partners reported its fourth-quarter 2024 financial results, revealing an adjusted earnings per share (EPS) of $7.50, which was slightly below the forecast of $7.62. Despite the earnings miss, the company exceeded revenue expectations with $223.5 million, surpassing the projected $214.06 million. Virtus also highlighted a 5% sequential decline in total assets under management, ending the quarter at $175 billion due to net outflows and market performance. The firm continues to innovate by launching new exchange-traded funds (ETFs) and global funds, which contributed to doubling its ETF assets to $3.1 billion over the past year. The operating margin reached 35.1%, marking its highest level since the second quarter of 2022. Additionally, Virtus reported a preliminary assets under management (AUM) total of $174.5 billion as of February 2025, attributing the decrease to market impacts and net outflows from U.S. retail mutual funds and retail separate accounts. Analysts and investors are keeping a close eye on the company’s strategic product introductions and potential mergers and acquisitions, with Virtus actively exploring opportunities in private market capabilities.
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