TSX runs higher on rate cut expectations
HARTFORD - Virtus Investment Partners, Inc. (NYSE: VRTS), a distinctive partnership of boutique investment managers, has reported a preliminary assets under management (AUM) total of $174.5 billion as of the end of February 2025. This figure represents a decrease from the $176.9 billion reported as of January 31, 2025. The firm has attributed the decline primarily to market performance and net outflows from U.S. retail mutual funds and retail separate accounts. However, this was partially offset by positive net flows in exchange-traded funds and global funds. The company’s stock, currently trading near its 52-week low of $170.14, offers a compelling 5.12% dividend yield. According to InvestingPro analysis, the stock appears undervalued, with analysts setting price targets between $198 and $252.
The company’s detailed financial breakdown by product type shows a slight decrease in open-end funds, from $56.9 billion in January to $56 billion in February. Closed-end funds saw a minimal increase, while retail separate accounts and institutional accounts experienced declines. By asset class, equity assets decreased from $102.2 billion to $99.1 billion, while fixed income, multi-asset, and alternatives saw smaller fluctuations. Despite recent market challenges, InvestingPro data reveals the company has maintained dividend payments for 12 consecutive years, with seven years of consecutive increases, demonstrating strong financial discipline.
Virtus Investment Partners offers a range of investment management products and services through its affiliated managers, each with a unique investment style and autonomous process. The company caters to the needs of individual and institutional investors, offering solutions across multiple disciplines and product types.
This financial update is based on a press release statement from Virtus Investment Partners. The company’s total client assets, including other fee-earning assets, stood at $176.7 billion as of February 28, 2025. Virtus remains committed to the long-term success of its investors, providing a variety of investment solutions to meet diverse needs. The reported figures are unaudited and reflect the company’s financial position at a specific point in time.
In other recent news, Virtus Investment Partners reported its fourth-quarter 2024 earnings with an adjusted earnings per share (EPS) of $7.50, which fell short of the anticipated $7.62. However, the company reported a revenue of $223.5 million, surpassing the forecasted $214.06 million. Despite the revenue beat, Virtus experienced a decline in total assets under management, which fell by 5% to $175 billion. The company has been active in launching new products, including ETFs, which have doubled in assets to $3.1 billion over the past year. Virtus also achieved an operating margin of 35.1%, the highest since Q2 2022, and increased its EPS by 8% from the previous quarter. In terms of strategic moves, Virtus is exploring potential mergers and acquisitions, especially in private market capabilities, and remains focused on product introductions. Analysts noted that Virtus’ stock price declined following the earnings report, reflecting investor concerns over the EPS miss despite positive revenue figures.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.