Virtus Investment PartnersVRTS Market cap $1.49B
About: Virtus Investment Partners Inc provides investment management and related services to individuals and institutions. Its retail products include open-end mutual funds, closed-end funds, exchange-traded funds, and variable insurance funds. Geographically, the activities are carried out through the region of the U.S. and the group generates revenue through investment management fees, distribution and service fees and administration and shareholder service fees.
Employees: 824
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
41% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 27
5% more funds holding
Funds holding: 211 [Q1] → 222 (+11) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
4% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 72
1.46% less ownership
Funds ownership: 81.9% [Q1] → 80.44% (-1.46%) [Q2]
10% less capital invested
Capital invested by funds: $1.44B [Q1] → $1.29B (-$145M) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Barclays Benjamin Budish 83% 1-year accuracy 50 / 60 met price target | 1%downside $206 | Underweight Initiated | 27 Aug 2024 |
Morgan Stanley Michael Cyprys 80% 1-year accuracy 16 / 20 met price target | 0%downside $208 | Underweight Maintained | 29 Jul 2024 |
Piper Sandler Crispin Love 62% 1-year accuracy 16 / 26 met price target | 27%upside $264 | Overweight Maintained | 10 Jul 2024 |
TD Cowen Bill Kirk 59% 1-year accuracy 10 / 17 met price target | 19%upside $247 | Hold Maintained | 8 Jul 2024 |