Virtus Investment stock hits 52-week low at $179.15

Virtus Investment Partners, Inc. (NYSE:VRTS) stock has touched a 52-week low, dipping to $179.15 amidst market fluctuations. According to InvestingPro data, the company maintains strong fundamentals with a P/E ratio of 11.1x and an attractive 4.9% dividend yield. This price level, reached recently, marks a significant downturn for the asset management firm’s shares over the past year. While investors have witnessed a -19.11% change in the stock’s value from the previous year, reflecting broader economic challenges, the company has maintained dividend payments for 12 consecutive years and increased them for the past 7 years. Analyst targets suggest potential upside, with the lowest price target at $198. The 52-week low serves as a critical indicator for shareholders and potential investors, as it encapsulates the lowest price point for Virtus Investment stock over the last year, setting a benchmark for its future performance trajectory. Based on comprehensive analysis available through InvestingPro, the stock appears undervalued at current levels, with 12 additional exclusive insights available to subscribers.

In other recent news, Virtus Investment Partners reported its fourth-quarter 2024 earnings, revealing an adjusted earnings per share (EPS) of $7.50, which fell short of the forecasted $7.62. However, the company exceeded revenue expectations, reporting $223.5 million compared to the projected $214.06 million. Virtus also experienced a 5% sequential decline in total assets under management, which now stand at $175 billion. Despite this, the company has been proactive in launching new exchange-traded funds (ETFs), doubling its ETF assets to $3.1 billion over the past year. The operating margin reached 35.1%, the highest since the second quarter of 2022. Analysts have taken note of Virtus’ recent performance, with some expressing concerns over the earnings miss despite the positive revenue figures. The company remains focused on strategic product introductions and is exploring potential mergers and acquisitions, particularly in private market capabilities. CEO George Elward emphasized the company’s active approach to exploring opportunities, stating that they are committed to meeting market demand.

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