Virtus Investment Partners (VRTS)
Runs affiliate-managed funds, separate accounts, and institutional strategies through multiple distribution channels.
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Generates mostly asset-based fees from open-end and closed-end funds, retail separate accounts, and institutional accounts. The model pairs autonomous boutique managers with centralized distribution and depends on AUM levels, client flows, investment performance, channel access, and fee competition.
Operates as a public multi-boutique asset manager for individual and institutional clients. Products include open-end and closed-end funds, ETFs, retail and institutional separate accounts, subadvisory mandates, commingled vehicles, structured products, and UCITS.
Keeps investment decisions inside specialist managers across equity, fixed income, credit, multi-asset, and quantitative alternatives. Distribution connects those boutiques to wealth-management platforms, broker-dealers, registered investment advisers, institutional consultants, and direct institutional relationships.
Built from the Phoenix spin-off and later affiliate additions, the platform is concentrated in U.S. retail and institutional channels while offering international and emerging-market strategies. Asset-based revenue depends on AUM levels, net flows, investment performance, distribution access, service quality, and fee pressure.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 31, 2026 | Barclays | Reiterate | Rating: —Target: $141 | Target: $135 |
| Jul 29, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $119 | Target: $130 |
| Jul 14, 2026 | Barclays | Reiterate | Rating: —Target: $125 | Target: $141 |
| Jun 26, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $112 | Target: $119 |
| May 19, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $155 | Target: $112 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $285.9M · Total debt $2.82B · Total assets $4.54B · Shareholders' equity $945.3M
- Revenue
- $167.2M
- Operating income
- $37.5M
- Net income
- $44.6M
HistoryDividendAnnual yieldUpcoming
| Institutions | 93.70% | 6.26M shares | |
|---|---|---|---|
| 235 holders · as of Jun 30, 2026 | |||
| Insiders | 6.82% | 455.4K shares | |
| 13 holders · as of Sep 15, 2026 | |||
| Strategic holders | 7.10% | 474.2K shares | |
| 1 holder · as of Feb 8, 2017 | |||
| Adds to | 107.62% | ||
6.68M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 107.62%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 15.81% | 1.06M | as of Jun 30, 2026 |
Brown Advisory Incorporated ("BA Inc.")Strategic | 7.10% | 474,189 | filed Feb 8, 2017 |
Vanguard Portfolio Management LLCInstitution | 6.74% | 450,124 | as of Jun 30, 2026 |
State Street CorpInstitution | 6.71% | 448,314 | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 6.49% | 433,382 | filed Feb 14, 2023 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | W. Howard Morris | director | −435 | $138.59 |
| Aug 3, 2026 | Michael A. Angerthal | officer: EVP, CFO & Treasurer | −14,975 | $167.34 |
| Jun 16, 2026 | Barry M. Mandinach | officer: EVP, Head of Distribution | −5,000 | $144.76 |
| Mar 12, 2026 | W. Howard Morris | director | +4,050 | $129.47 |
| Feb 11, 2026 | Susan S. Fleming | director | −3,322 | $142.31 |
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Virtus Investment Partners | $130.31 | −0.10% | $867.7M | 7.4 | 5.5 | 1.1 | −4.4% |
| Victory Capital | $104.96 | +0.03% | $6.74B | 19.8 | 12.6 | 4.3 | +22.4% |
| Franklin Templeton | $32.82 | −1.00% | $17.48B | 22.4 | 10.7 | 1.9 | −12.0% |
| Affiliated Managers Group | $360.28 | −0.14% | $9.63B | 12.6 | 9.1 | 3.8 | +29.9% |
| Invesco | $30.85 | 0.00% | $13.91B | — | 10.1 | 2.0 | +20.3% |
| T. Rowe Price | $104.17 | −0.01% | $22.42B | 10.5 | 10.1 | 3.0 | +10.7% |
| Federated Hermes | $56.92 | −0.05% | $4.42B | 10.7 | 10.0 | 2.3 | +18.3% |
| Artisan Partners | $36.00 | +0.14% | $2.61B | 9.1 | 9.2 | 1.8 | +13.2% |
| Cohen & Steers | $74.54 | +0.03% | $3.83B | 22.8 | 19.8 | 6.4 | +6.6% |
| Median | 12.6 | 10.1 | 2.6 | +15.8% |