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Virtus Investment Partners, Inc. - VRTS STOCK NEWS

Welcome to our dedicated page for Virtus Investment Partners news (Ticker: VRTS), a resource for investors and traders seeking the latest updates and insights on Virtus Investment Partners stock.

Virtus Investment Partners, Inc. (Nasdaq: VRTS) is a premier investment management firm dedicated to providing high-quality investment products and services to both individuals and institutions. Known for its integrity, quality, and strength, the company operates on a multi-manager model that encompasses several affiliated managers, each with distinct investment styles and autonomous processes. This structure allows Virtus to offer a wide array of investment options, including open-end mutual funds, closed-end funds, exchange-traded funds (ETFs), and variable insurance funds.

The company's core business revolves around generating revenue through investment management fees, distribution and service fees, and administration and shareholder service fees. Headquartered in the United States, Virtus serves clients nationwide, building lasting partnerships and ensuring their success as investors. The firm places a strong emphasis on client responsibility and is committed to delivering exceptional value.

Recent Achievements and Current Projects:

  • Virtus has expanded its suite of investment products to include more ESG (Environmental, Social, and Governance) focused funds, reflecting a growing investor demand for responsible and sustainable investing options.
  • The firm has also undertaken significant digital transformation projects aimed at enhancing the client experience through cutting-edge technology and user-friendly platforms.

Financial Condition:

Virtus Investment Partners has shown robust financial performance, evidenced by consistent growth in assets under management (AUM) and a strong balance sheet. The company’s revenue streams are well-diversified, providing a stable financial foundation and resilience against market fluctuations.

Partnerships:

The company collaborates with a variety of financial institutions and advisory firms to broaden its reach and improve service offerings. These partnerships enable Virtus to deliver specialized investment solutions and maintain a competitive edge in the asset management industry.

Virtus Investment Partners continues to adapt to market trends and economic conditions, ensuring that they remain a trusted partner for investors seeking comprehensive investment strategies and superior portfolio management.

For important disclaimers and more information, please visit Virtus Social Media Guidelines.

News

Virtus Investment Partners to Announce Fourth Quarter 2023 Results on Friday, February 2

Rhea-AI Summary
Virtus Investment Partners, Inc. (VRTS) will release its Q4 2023 financial results on February 2, 2024. The company will host a conference call and webcast with its president and CEO, George R. Aylward, and CFO, Michael A. Angerthal. The presentation will be available on virtus.com, and a replay of the call will be accessible in the Investor Relations section for a year.
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Virtus Investment Partners Reports Preliminary December 31, 2023 Assets Under Management

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Virtus Investment Partners, Inc. (NASDAQ: VRTS) reported preliminary assets under management of $172.3 billion as of December 31, 2023. The increase from September 30, 2023, primarily reflects market performance and net inflows in retail separate accounts, partially offset by net outflows in open-end funds and institutional accounts. In addition, the company provided services to $2.6 billion of other fee-earning assets, which are not included in assets under management.
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Virtus Investment Partners to Transfer Listing of Common Stock to New York Stock Exchange

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Virtus Investment Partners (VRTS) is transferring its common stock listing from NASDAQ to the New York Stock Exchange (NYSE), with trading on the NYSE set to begin on January 17. The company, with $165.5 billion in assets under management as of November 30, 2023, provides differentiated investment strategies for institutional and individual investors across various asset classes and investment styles.
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Reorganization of Virtus Stone Harbor Closed-End Funds Completed

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Virtus Stone Harbor Emerging Markets Total Income Fund (EDI) has completed its reorganization with Virtus Stone Harbor Emerging Markets Income Fund (EDF), resulting in the dissolution of EDI and the continuation of EDF with the same ticker symbol. Each share of EDI common stock converted into an equivalent dollar amount of shares of common stock of EDF, with former EDI shareholders being credited 1.153733 shares of EDF for every share of EDI common stock they held.
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Virtus Total Return Fund Inc. Discloses Sources of Distribution – Section 19(a) Notice

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Virtus Total Return Fund Inc. (NYSE: ZTR) announces a monthly distribution of $0.05 per share, payable on December 19, 2023, under its Managed Distribution Plan, aiming to maintain a consistent distribution level from net investment income and realized capital gains.
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Duff & Phelps Utility and Infrastructure Fund Inc. Announces Dividend and Discloses Sources of Distribution Section 19(a) Notice

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Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) authorizes the payment of dividends on its common stock, with a managed distribution plan in place since 2015. The estimated distribution for December 2023 is 21 cents per share, with 95.1% coming from return of capital. The average annual total return on NAV for the past 5 years is 2.42%, and the annualized current distribution rate as a percentage of NAV is 7.81%.
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Virtus Investment Partners Reports Preliminary November 30, 2023 Assets Under Management

Rhea-AI Summary
Virtus Investment Partners, Inc. (NASDAQ: VRTS) reported preliminary assets under management of $165.5 billion as of November 30, 2023. Additionally, the company provided services to $2.6 billion of other fee-earning assets. The breakdown by product type includes Open-End Funds at $54,392 million, Closed-End Funds at $9,810 million, Retail Separate Accounts at $39,903 million, and Institutional Accounts at $61,406 million.
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Virtus Investment Partners Declares Quarterly Cash Dividend on Common Stock

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Virtus Investment Partners, Inc. (NASDAQ: VRTS) has announced a quarterly cash dividend of $1.90 per common share for the fourth quarter of 2023. This represents a 15% increase over the quarterly dividend paid for the same quarter last year. The dividend will be paid on February 15, 2024, to shareholders of record at the close of business on January 31, 2024.
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Virtus Total Return Fund Inc. Announces Distributions and Discloses Sources of Distribution – Section 19(a) Notice

Rhea-AI Summary
Virtus Total Return Fund Inc. (NYSE: ZTR) announced monthly distributions for December 2023, January 2024, and February 2024, totaling $0.15 per share. The Fund aims to maintain a consistent distribution level from net investment income and realized capital gains. If the aggregate income and gains are insufficient, the shortfall will be distributed from the Fund's assets, constituting a return of shareholder's capital.
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Virtus Dividend, Interest & Premium Strategy Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) Notice

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Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) announces a quarterly distribution of $0.245 per share, payable on December 22, 2023. The distribution will be made in part or in full from net investment income, realized capital gains, or a combination thereof, under the Managed Distribution Plan. Shareholders should be aware that any shortfall in income and gains will be distributed from the Fund's assets, constituting a return of capital.
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FAQ

What is the current stock price of Virtus Investment Partners (VRTS)?

The current stock price of Virtus Investment Partners (VRTS) is $223.5 as of December 24, 2024.

What is the market cap of Virtus Investment Partners (VRTS)?

The market cap of Virtus Investment Partners (VRTS) is approximately 1.6B.

What does Virtus Investment Partners, Inc. specialize in?

Virtus Investment Partners specializes in providing investment management products and services, including mutual funds, ETFs, and variable insurance funds.

How does Virtus Investment Partners generate revenue?

The company generates revenue through investment management fees, distribution and service fees, and administration and shareholder service fees.

What is the business model of Virtus Investment Partners?

Virtus operates a multi-manager asset management business, comprising several affiliated managers with distinct investment styles and autonomous processes.

Where is Virtus Investment Partners headquartered?

The company is headquartered in the United States and serves clients nationwide.

What recent achievements has Virtus Investment Partners accomplished?

Virtus has expanded its investment products to include more ESG-focused funds and has enhanced client experience through significant digital transformation projects.

How does Virtus Investment Partners ensure client success?

Virtus places a strong emphasis on client responsibility and is dedicated to delivering exceptional value and comprehensive investment strategies.

What is the financial condition of Virtus Investment Partners?

Virtus shows robust financial performance with consistent growth in assets under management (AUM) and a strong balance sheet.

Who are the partners of Virtus Investment Partners?

Virtus collaborates with various financial institutions and advisory firms to broaden its reach and improve service offerings.

What types of investment products does Virtus offer?

Virtus offers a wide range of investment products, including open-end mutual funds, closed-end funds, exchange-traded funds (ETFs), and variable insurance funds.

Where can I find more information about Virtus Investment Partners?

For more information, including important disclaimers, visit Virtus' social media guidelines page at https://www.virtus.com/social-media-guidelines.

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Virtus Investment Partners, Inc.

Nasdaq:VRTS

VRTS Rankings

#2168 Ranked by Market Cap
#778 Ranked by Dividends

VRTS Stock Data

1.57B
6.59M
6.12%
83.58%
0.99%
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