Virtus Investment Partners, Inc.VRTS

NYSEFinanceInvestment Advice
Price (close)
$129.82
Market cap
$859.8M
P/E
7.2x
Revenue (TTM)
$825.3M
Net income
$119.8M
Dividend yield
7.39%
1-year total return
-27.3%
Net margin
14.5%
Revenue growth
-7.2%
Debt / equity
0.44x

What Virtus Investment Partners, Inc. does.

Virtus Investment Partners, Inc. (the "Company"), a Delaware corporation, commenced operations on November 1, 1995 and became an independent publicly traded company on December 31, 2008.

We provide investment management and related services to institutions and individuals. We use a multi-manager, multi-style approach, offering investment strategies from our investment managers, each having its own distinct investment style, autonomous investment process and individual brand, as well as from select unaffiliated managers for certain of our funds. By offering a broad array of products, we believe we can appeal to a greater number of investors and have offerings across market cycles and through changes in investor preferences. Through our multi-manager model, we provide our investment managers with distribution, business and operational support.

We offer investment strategies for institutional and individual investors in different investment products and through multiple distribution channels. Our investment strategies are available in a diverse range of styles and disciplines, managed by differentiated investment managers. We have offerings in various asset classes (equity, fixed income, multi-asset and alternatives), geographies (domestic, global, international and emerging), market capitalizations (large, mid and small), styles (growth, core and value) and investment approaches (fundamental and quantitative). Our investment strategies are provided to individual investors through products consisting of: mutual funds registered pursuant to the Investment Company Act of 1940, as amended, that include U.S. retail funds, exchange-traded funds ("ETFs"); Undertaking for Collective Investment in Transferable Securities and Qualifying Investor Funds ("global funds" and collectively with U.S. retail funds and ETFs the "open-end funds"); closed-end funds (collectively with open-end funds, the "funds"); retail separate accounts sold through intermediaries; and wealth advisory services to high- net-worth clients through our wealth management business. Our investment strategies are offered to a variety of institutional clients through institutional separate accounts and commingled accounts, including subadvisory services to other investment advisers as well as collateral management of structured products.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$603.9M$979.2M$886.4M$845.3M$906.9M$852.9M
Net income$80.0M$208.1M$117.5M$130.6M$121.7M$138.4M
Free cash flow-$227.1M$659.9M$126.1M$228.3M-$3.8M-$74.1M

More on VRTS.

Figures from Virtus Investment Partners, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.