Virtus Investment Partners, Inc. (VRTS) Stock

Virtus Investment Partners, Inc. (VRTS) is a Financials stock trading at $157.96 (as of 2026-09-03), with a market capitalization of $1.06B and a trailing P/E of 9.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Virtus Investment Partners, Inc. is an investment manager offering separate equity and fixed-income portfolios, as well as equity, fixed-income, and balanced mutual funds. It serves individual and institutional clients and manages investments across public equities, fixed income, real estate, and exchange-traded funds.

Understand Virtus Investment Partners, Inc.: how it makes money

Virtus manages equity, fixed income, and balanced funds for individual and institutional clients, earning a management fee on roughly $149 billion of assets. It runs a multi-manager platform, so fee income is spread across many portfolio managers rather than concentrated in a few star performers.

Revenue equals AUM times an embedded fee rate, so every dollar of net inflow or outflow directly shrinks or grows next quarter's top line with no lag.

Business quality (Mixed): A multi-manager asset manager with a large but shrinking fee base; revenue is a pure function of AUM, and current outflows are eroding that base across every client channel.

Valuation: At 10× earnings, VRTS trades 73% below the Trading average (36×). Note: the low multiple may reflect one-time earnings items.

Bull case

  • 73% discount to industry multiple: Virtus trades at 9.6x earnings versus a 36x industry average, a 73% discount. If the multiple converges even partially toward the peer group, the stock carries re-rating upside without requiring earnings growth.
  • Large diverse AUM base: With $149 billion in assets under management spread across equity, fixed income, and balanced mandates via a multi-manager platform, the fee stream is not dependent on any single star manager or single strategy.

Bear case

  • Outflows across every channel: Institutional net flows were negative $2.2 billion, open-end fund flows negative $1.0 billion, and retail separate accounts negative $0.8 billion in the quarter. Revenue declined 4% year over year to $200 million, confirming the AUM erosion is already compressing the top line.
  • Thin margin, shrinking revenue: Operating margin stands at 14% while revenue is in decline. At this margin level, fixed overhead costs leave limited cushion if outflows persist and AUM continues to contract.
Valuation — source: SEC EDGAR (first-party)
Price$157.96
Market Cap$1.06B
P/E Ratio9.1
EV / EBITDA6.1
Price / Book1.12
Price / Sales1.28
FCF Yield-7.0%
DCF Value (model)$257.05
DCF Upside vs Price62.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$852.87M
Net Margin15.9%
Revenue Growth (YoY)-4.4%
EPS Growth (YoY)9.9%
FCF Growth (YoY)-24.4%
Valuation vs Sector & Industry
Stock P/E9.1
Sector P/E (Financials)15.2
Industry P/E (Trading)35.0
vs Sector-40.1%
vs Industry-74.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($136.68M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryTrading
CEOGeorge Robert Aylward Jr.
Employees805
CountryUS
IPO Date2009-01-02

Virtus Investment Partners, Inc. earnings call transcripts

  • VRTS Q2 FY26 earnings call transcript (reported 2026-07-30) · analysis
  • VRTS Q4 FY25 earnings call transcript (reported 2026-02-06) · analysis
  • VRTS Q2 FY25 earnings call transcript (reported 2025-07-25) · analysis

All VRTS earnings calls

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VRTS earnings history · VRTS institutional & insider holders · VRTS KPIs & operating metrics · VRTS financials · VRTS investor presentations & press releases · VRTS SEC filings · VRTS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-03.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.