Virtus Inv Stock (NYSE:VRTS), Trade Ideas

Virtus Inv

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.

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VRTS

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Virtus Investment Partners, Inc. Common Stock

Virtus Investment Partners Inc

TD Cowen analyst Bill Kirk downgrades Virtus Inv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NYSE">VRTS</a>) from Buy to Hold.

Downgrades

Analyst Ratings

TD Cowen Downgrades Virtus Inv to Hold

Piper Sandler analyst Crispin Love maintains Virtus Inv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NYSE">VRTS</a>) with a Overweight and raises the price target from $264 to $275.

Price Target

Piper Sandler Maintains Overweight on Virtus Inv, Raises Price Target to $275

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.virtus.com%2F%23product.all%2Fclass.all&amp;esheet=53894591&amp;newsitemid=20240212979084&amp;lan=en-US&amp;anchor=Virtus+Investment+Partners%2C+Inc.&amp;index=1&amp;md5=253ef4399b44d746e7def69bf40af30e">Virtus Investment Partners, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NYSE">VRTS</a>) today reported preliminary assets under management of $171.1 billion as of January 31, 2024. In addition, the company provided services to $2.6 billion of other fee-earning assets, which are not included in assets under management.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="7" rowspan="1">Assets Under Management (unaudited)</td>
</tr>
<tr>
<td colspan="7" rowspan="1">($ in millions)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">By Product Type:</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">January 31, 2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">December 31, 2023</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Open-End Funds (1)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">55,601</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">56,062</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Closed-End Funds</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">9,795</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">10,026</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Retail Separate Accounts</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">43,084</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">43,202</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Institutional Accounts (2)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">62,669</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">62,969</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">171,149</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">172,259</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">By Asset Class:</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">January 31, 2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">December 31, 2023</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Equity</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">96,530</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">96,703</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Fixed Income</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">36,779</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">37,192</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Multi-Asset (3)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">21,149</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">21,411</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Alternatives (4)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">16,691</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">16,953</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">171,149</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">172,259</td>
</tr>
</tbody>
</table>
</figure><figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">(1)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Represents assets under management of U.S. retail funds, global funds, exchange-traded funds, and variable insurance funds</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(2)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Represents assets under management of institutional separate and commingled accounts including structured products</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(3)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Consists of strategies and client accounts with substantial holdings in at least two of the following asset classes: equity, fixed income, and alternatives</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(4)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Consists of managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies</td>
</tr>
</tbody>
</table>
</figure>

Earnings

Virtus Investment Partners Reports Preliminary January 31, 2024 Assets Under Management Of $171.1B

Virtus Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NASDAQ">VRTS</a>) reported quarterly earnings of $6.11 per share which beat the analyst consensus estimate of $5.96 by 2.52 percent. This is a 18.18 percent increase over earnings of $5.17 per share from the same period last year. The company reported quarterly sales of $214.59 million which beat the analyst consensus estimate of $197.13 million by 8.86 percent. This is a 8.17 percent increase over sales of $198.37 million the same period last year.

Virtus Inv Q4 Adj EPS $6.11 Beats $5.96 Estimate, Sales $214.59M Beat $197.13M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; W.W. Grainger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWW#NYSE">GWW</a>) is likely to report quarterly earnings at $8.05 per share on revenue of $4.04 billion.
&bull; AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) is likely to report quarterly earnings at $2.77 per share on revenue of $14.02 billion.
&bull; Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) is expected to report quarterly earnings at $2.03 per share on revenue of $511.68 million.
&bull; Charter Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) is expected to report quarterly earnings at $8.68 per share on revenue of $13.70 billion.
&bull; Bristol-Myers Squibb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) is projected to report quarterly earnings at $1.53 per share on revenue of $11.19 billion.
&bull; Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) is expected to report quarterly earnings at $2.21 per share on revenue of $85.23 billion.
&bull; Regeneron Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) is expected to report quarterly earnings at $10.77 per share on revenue of $3.29 billion.
&bull; Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) is projected to report quarterly earnings at $3.21 per share on revenue of $51.62 billion.
&bull; Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>) is projected to report quarterly earnings at $6.53 per share on revenue of $48.89 billion.
&bull; Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) is projected to report quarterly earnings at $3.20 per share on revenue of $744.99 million.
&bull; Twist Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) is expected to report quarterly loss at $0.78 per share on revenue of $67.58 million.
&bull; LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) is expected to report quarterly earnings at $1.31 per share on revenue of $9.84 billion.
&bull; Capital Product Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPLP#NASDAQ">CPLP</a>) is projected to report quarterly earnings at $0.63 per share on revenue of $95.71 million.
&bull; Brookfield Bus Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBU#NYSE">BBU</a>) is projected to report quarterly earnings at $6.42 per share on revenue of $16.55 billion.
&bull; IES Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IESC#NASDAQ">IESC</a>) is projected to report earnings for its first quarter.
&bull; Banco Santander Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSAC#NYSE">BSAC</a>) is projected to report quarterly earnings at $0.53 per share on revenue of $627.37 million.
&bull; Mizuho Financial Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFG#NYSE">MFG</a>) is expected to report earnings for its third quarter.
&bull; Virtus Inv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NYSE">VRTS</a>) is projected to report quarterly earnings at $5.96 per share on revenue of $197.13 million.
&bull; Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEP#NYSE">BEP</a>) is projected to report quarterly loss at $0.04 per share on revenue of $1.07 billion.
&bull; Piper Sandler (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PIPR#NYSE">PIPR</a>) is likely to report quarterly earnings at $2.60 per share on revenue of $370.12 million.
&bull; Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEPC#NYSE">BEPC</a>) is expected to report quarterly loss at $0.14 per share on revenue of $1.21 billion.
&bull; Church &amp; Dwight Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHD#NYSE">CHD</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $1.51 billion.
&bull; Johnson Outdoors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $140.44 million.
&bull; WisdomTree (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WT#NYSE">WT</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $90.34 million.
&bull; Aon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) is expected to report quarterly earnings at $4.06 per share on revenue of $3.36 billion.
&bull; Brookfield Business (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBUC#NYSE">BBUC</a>) is projected to report earnings for its fourth quarter.
<h3>&nbsp;</h3>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For February 2, 2024

Virtus Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NASDAQ">VRTS</a>) is set to give its latest quarterly earnings report on Friday, 2024-02-02. Here's what investors need to know before the announcement.
Analysts estimate that Virtus Inv will report an earnings per share (EPS) of $5.96. 
Virtus Inv bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.04, which was followed by a 0.0% drop in the share price the next day.

<img src="https://www.benzinga.com/files/images/story/2024/1706799686_0.png" alt="eps graph" />
<a href="https://www.benzinga.com/quote/VRTS/earnings">To track all earnings releases for Virtus Inv visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Virtus Inv's Earnings

5 analysts have shared their evaluations of Virtus Inv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NYSE">VRTS</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $217.0, with a high estimate of $289.00 and a low estimate of $163.00. This current average reflects an increase of 31.52% from the previous average price target of $165.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1705698017_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A comprehensive examination of how financial experts perceive Virtus Inv is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Cyprys</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Underweight</td>
<td>$199.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>TD Cowen</td>
<td>Announces</td>
<td>Outperform</td>
<td>$289.00</td>
<td>-</td>
</tr>
<tr>
<td>Crispin Love</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Overweight</td>
<td>$264.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Cyprys</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Underweight</td>
<td>$170.00</td>
<td>$163.00</td>
</tr>
<tr>
<td>Michael Cyprys</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Underweight</td>
<td>$163.00</td>
<td>$162.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Virtus Inv. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Virtus Inv compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Virtus Inv's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Virtus Inv's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/VRTS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Virtus Inv analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Virtus Inv's Background</h2>
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 US and the group generates revenue through investment management fees, distribution and service fees and administration and shareholder service fees.
<h3>Virtus Inv's Financial Performance</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Over the 3 months period, Virtus Inv showcased positive performance, achieving a revenue growth rate of 4.36% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 14.16%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 3.61%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Virtus Inv's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.83%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Virtus Inv's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.57, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Virtus Inv: 5 Analysts Share Their Views

Morgan Stanley analyst Michael Cyprys maintains Virtus Inv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NYSE">VRTS</a>) with a Underweight and raises the price target from $170 to $199.

Morgan Stanley Maintains Underweight on Virtus Inv, Raises Price Target to $199

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.virtus.com%2F&amp;esheet=53877862&amp;newsitemid=20240105444839&amp;lan=en-US&amp;anchor=Virtus+Investment+Partners&amp;index=1&amp;md5=582161fdb48ac3bdd228fc4e58a8d89a">Virtus Investment Partners</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NASDAQ">VRTS</a>), which operates a multi-boutique asset management business, today announced that it is transferring the listing of its common stock to the New York Stock Exchange (NYSE) from the NASDAQ Global Select Market (NASDAQ).
Virtus anticipates that its common stock, which will retain the ticker symbol "VRTS," will begin trading on the NYSE at market open on Wednesday, January 17. The company's common stock will continue to trade on NASDAQ until the close of the market on Tuesday, January 16.
"We began 2024 by celebrating our 15th anniversary as an independent public company," said George R. Aylward, president and chief executive officer of Virtus. "We are pleased to list on the NYSE, the world's largest exchange and home to many of the nation's leading financial institutions, as we continue to seek to provide long-term value for our shareholders."
Virtus, which had $165.5 billion in assets under management as of November 30, 2023, provides institutional and individual investors with differentiated investment strategies that are well diversified across asset classes and investment styles and available in institutional and retail separate accounts, open- and closed-end mutual funds, exchange-traded funds, global funds, collective investment trusts, and structured products.
"We are thrilled to welcome Virtus Investment Partners to the New York Stock Exchange," said John Tuttle, Vice Chair, NYSE Group. "As an NYSE-listed company, Virtus will join many of its peers and our community of iconic companies and leverage the membership value and visibility that our exchange uniquely provides."

Virtus Investment Partners To Transfer Listing Of Common Stock To New York Stock Exchange

TD Cowen analyst Bill Kirk initiates coverage on Virtus Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NASDAQ">VRTS</a>) with a Outperform rating and announces Price Target of $289.

Initiation

TD Cowen Initiates Coverage On Virtus Inv with Outperform Rating, Announces Price Target of $289

In the latest quarter, 4 analysts provided ratings for Virtus Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NASDAQ">VRTS</a>), showcasing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $189.75, with a high estimate of $264.00 and a low estimate of $162.00. This upward trend is apparent, with the current average reflecting a 14.31% increase from the previous average price target of $166.00.
<img src="https://www.benzinga.com/files/images/story/2023/1703095254_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Virtus Inv. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Crispin Love</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Overweight</td>
<td>$264.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Cyprys</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Underweight</td>
<td>$170.00</td>
<td>$163.00</td>
</tr>
<tr>
<td>Michael Cyprys</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Underweight</td>
<td>$163.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Michael Cyprys</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$162.00</td>
<td>$173.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Virtus Inv. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Virtus Inv compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Virtus Inv's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Virtus Inv's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/VRTS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Virtus Inv analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Virtus Inv</h2>
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 US and the group generates revenue through investment management fees, distribution and service fees and administration and shareholder service fees.
<h3>Virtus Inv's Financial Performance</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Virtus Inv's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 4.36%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Virtus Inv's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 14.16%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Virtus Inv's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 3.61%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Virtus Inv's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.83%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Virtus Inv's debt-to-equity ratio stands notably higher than the industry average, reaching 2.57. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Virtus Inv Analyst Ratings

Piper Sandler analyst Crispin Love assumes Virtus Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NASDAQ">VRTS</a>) with a Overweight rating and announces Price Target of $264.

Piper Sandler Assumes Virtus Inv at Overweight, Announces Price Target of $264

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.virtus.com%2F%23product.all%2Fclass.all&amp;esheet=53801758&amp;newsitemid=20231109073820&amp;lan=en-US&amp;anchor=Virtus+Investment+Partners%2C+Inc.&amp;index=1&amp;md5=9298816482aa89882946d7c09cde3917">Virtus Investment Partners, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NASDAQ">VRTS</a>) today reported preliminary assets under management of $155.8 billion as of October 31, 2023. In addition, the company provided services to $2.4 billion of other fee-earning assets, which are not included in assets under management.

Virtus Investment Partners Reports Preliminary Assets Under Management Of $155.8B As Of October 31, 2023

Morgan Stanley analyst Michael Cyprys maintains Virtus Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NASDAQ">VRTS</a>) with a Underweight and raises the price target from $163 to $170.

Morgan Stanley Maintains Underweight on Virtus Inv, Raises Price Target to $170

Virtus Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NASDAQ">VRTS</a>) reported quarterly earnings of $6.21 per share which beat the analyst consensus estimate of $6.17 by 0.65 percent. This is a 7.81 percent increase over earnings of $5.76 per share from the same period last year. The company reported quarterly sales of $219.27 million which beat the analyst consensus estimate of $200.57 million by 9.32 percent. This is a 4.28 percent increase over sales of $210.26 million the same period last year.

Virtus Inv Q3 2023 Adj EPS $6.21 Beats $6.17 Estimate, Sales $219.27M Beat $200.57M Estimate

<h3>Companies Reporting Before The Bell</h3>
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&bull; Equinor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQNR#NYSE">EQNR</a>) is estimated to report earnings for its third quarter.
&bull; Standard Motor Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMP#NYSE">SMP</a>) is estimated to report quarterly earnings at $0.98 per share on revenue of $391.23 million.
&bull; Piper Sandler (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PIPR#NYSE">PIPR</a>) is expected to report quarterly earnings at $1.58 per share on revenue of $298.82 million.
&bull; Civista Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIVB#NASDAQ">CIVB</a>) is estimated to report quarterly earnings at $0.61 per share on revenue of $40.88 million.
&bull; Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) is likely to report quarterly earnings at $0.13 per share on revenue of $2.69 billion.
&bull; T. Rowe Price Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) is expected to report quarterly earnings at $1.78 per share on revenue of $1.62 billion.
&bull; AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) is estimated to report quarterly earnings at $2.70 per share on revenue of $12.92 billion.
&bull; First Hawaiian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FHB#NASDAQ">FHB</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $199.90 million.
&bull; Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) is estimated to report quarterly earnings at $1.40 per share on revenue of $11.67 billion.
&bull; Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $566.22 million.
&bull; Imperial Oil (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IMO#AMEX">IMO</a>) is expected to report quarterly earnings at $1.91 per share on revenue of $13.29 billion.
&bull; WisdomTree (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WT#NYSE">WT</a>) is likely to report quarterly earnings at $0.10 per share on revenue of $88.63 million.
&bull; Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) is estimated to report quarterly earnings at $3.62 per share on revenue of $745.98 million.
&bull; AerCap Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>) is estimated to report quarterly earnings at $2.73 per share on revenue of $1.89 billion.
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&bull; Barnes Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>) is projected to report quarterly earnings at $0.48 per share on revenue of $356.50 million.
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&bull; Fortis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTS#NYSE">FTS</a>) is likely to report quarterly earnings at $0.81 per share on revenue of $2.91 billion.
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&bull; Charter Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) is expected to report quarterly earnings at $7.94 per share on revenue of $13.63 billion.
&bull; CBRE Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>) is likely to report quarterly earnings at $0.67 per share on revenue of $7.42 billion.
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&bull; Stanley Black &amp; Decker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>) is likely to report quarterly earnings at $0.83 per share on revenue of $3.97 billion.
&bull; Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) is expected to report quarterly earnings at $0.54 per share on revenue of $749.17 million.
&bull; NatWest Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWG#NYSE">NWG</a>) is likely to report earnings for its third quarter.
&bull; Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) is projected to report quarterly earnings at $2.25 per share on revenue of $1.04 billion.
&bull; Stellar Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STEL#NYSE">STEL</a>) is estimated to report quarterly earnings at $0.57 per share on revenue of $109.35 million.
&bull; AutoNation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) is projected to report quarterly earnings at $5.49 per share on revenue of $6.72 billion.
&bull; Colgate-Palmolive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>) is expected to report quarterly earnings at $0.80 per share on revenue of $4.82 billion.
&bull; nVent Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVT#NYSE">NVT</a>) is likely to report quarterly earnings at $0.73 per share on revenue of $881.14 million.
&bull; Cumulus Media (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMLS#NASDAQ">CMLS</a>) is estimated to report quarterly loss at $0.19 per share on revenue of $207.47 million.
&bull; Oil States International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIS#NYSE">OIS</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $189.85 million.
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&bull; Virtus Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NASDAQ">VRTS</a>) is likely to report quarterly earnings at $6.21 per share on revenue of $200.57 million.
&bull; Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) is estimated to report quarterly earnings at $0.21 per share on revenue of $166.74 million.
&bull; Newell Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) is expected to report quarterly earnings at $0.23 per share on revenue of $2.12 billion.
&bull; Eni (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/E#NYSE">E</a>) is likely to report earnings for its third quarter.
&bull; Booz Allen Hamilton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) is projected to report quarterly earnings at $1.33 per share on revenue of $2.61 billion.
&bull; Aon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) is estimated to report quarterly earnings at $2.21 per share on revenue of $2.89 billion.
&bull; PNM Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNM#NYSE">PNM</a>) is likely to report quarterly earnings at $1.34 per share on revenue of $651.91 million.
&bull; Chart Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NYSE">GTLS</a>) is estimated to report quarterly earnings at $1.61 per share on revenue of $1.04 billion.
&bull; Avantor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>) is estimated to report quarterly earnings at $0.25 per share on revenue of $1.71 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Socket Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCKT#NASDAQ">SCKT</a>) is projected to report quarterly loss at $0.07 per share on revenue of $5.22 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.