VRTS Stock Fair Value – Virtus Investment Partners Announces Record AUM as of October 31, 2023
November 11, 2023
🌥️Trending News
Virtus Investment Partners ($NASDAQ:VRTS), one of the nation’s leading asset management firms, recently announced that assets under management (AUM) have reached a record high as of October 31, 2023. This is especially impressive considering the difficult economic conditions experienced in the past year. Virtus Investment Partners is an independent asset management firm which specializes in providing customized investment solutions to its clients. The company offers a variety of services, including mutual funds, managed portfolios, exchange-traded funds, and closed-end funds. The firm’s portfolio managers and advisors work collaboratively to identify and manage opportunities in the global markets. The firm’s recently announced record AUM as of October 31, 2023 is testimony to its success as an asset management firm. This achievement reflects the hard work and dedication of the firm’s employees, who strive to provide clients with sound investment advice and solutions.
The firm’s strong performance is also supported by its commitment to transparency and disclosure of information to clients. Virtus Investment Partners consistently works to ensure that clients understand the risks and rewards associated with their investments. In order to achieve this goal, the firm also provides ongoing education and training for its employees. As Virtus Investment Partners continues to achieve strong returns for its clients, it is well-positioned for continued success in the future. The firm’s record AUM as of October 31, 2023 is a testament to its abilities as an asset management firm, and demonstrates the trust and loyalty of its clients.
Stock Price
Virtus Investment Partners had a record-breaking day on Friday, October 31, 2023, with their stock opening at $191.2 and closing at $193.2, a 0.1% increase from their last closing price of $193.0. This marked the highest AUM (assets under management) achieved by the company to date. Virtus Investment Partners is an asset management company providing a wide range of services including portfolio management, research, and financial advice to clients.
They are recognized for their reliable and transparent investment process, offering customizable investment solutions across different asset classes. With their strong track record in managing investments, this latest announcement further cements their reputation as one of the leading names in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for VRTS. More…
| Total Revenues | Net Income | Net Margin |
| 824.84 | 135.19 | 15.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for VRTS. More…
| Operations | Investing | Financing |
| 197.15 | -27.47 | -102.06 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for VRTS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.65k | 2.68k | 118.82 |
Key Ratios Snapshot
Some of the financial key ratios for VRTS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.6% | 2.8% | 41.4% |
| FCF Margin | ROE | ROA |
| 23.3% | 24.9% | 5.9% |
Analysis – VRTS Stock Fair Value
At GoodWhale, we recently conducted an analysis of VIRTUS INVESTMENT PARTNERS’s wellbeing. After analyzing the company’s fundamentals, we determined that the intrinsic value of their share is around $224.1, which was calculated through our proprietary Valuation Line. Currently, the company’s stock is being traded at $193.2, which is a fair price that is undervalued by 13.8%. This presents a good opportunity for investors to purchase stock in VIRTUS INVESTMENT PARTNERS at a discounted price. More…
Peers
Virtus Investment Partners Inc is an American investment management company founded in 1987. The company offers a range of services including asset management, capital markets, and merchant banking. Virtus Investment Partners Inc has a market capitalization of $4.85 billion as of 2019. The company’s competitors include Value Partners Group Ltd, PT Ashmore Asset Management Indonesia Tbk, Diamond Hill Investment Group Inc.
– Value Partners Group Ltd ($SEHK:00806)
Value Partners Group Ltd is a Hong Kong-based investment management firm founded in 1991. The company manages assets for both institutional and retail investors, with a focus on Greater China equities. As of 2022, Value Partners Group Ltd had a market cap of 3.5B and a Return on Equity of -1.94%. The company has been negatively impacted by the COVID-19 pandemic, as many of its clients are based in China and have been affected by the economic slowdown.
– PT Ashmore Asset Management Indonesia Tbk ($IDX:AMOR)
Ashmore Asset Management Indonesia Tbk is one of the largest asset management companies in Indonesia with a market cap of 2.48T as of 2022. The company has a strong focus on providing high-quality asset management services to its clients and has a proven track record in delivering superior returns. The company’s ROE of 33.27% is significantly higher than the average for the Indonesian asset management industry, indicating the company’s strong performance.
– Diamond Hill Investment Group Inc ($NASDAQ:DHIL)
As of 2022, Diamond Hill Investment Group has a market cap of 565.61M and a ROE of 29.78%. The company is an asset management firm that focuses on delivering superior long-term investment results for its clients. Diamond Hill’s investment philosophy is built on the foundation of active management, fundamental research, and disciplined investing. The company seeks to generate alpha through its deep understanding of companies, industries, and markets. Diamond Hill has a team of experienced investment professionals who are committed to providing high-quality service and investment results for its clients.
Summary
Virtus Investment Partners is an investment management firm with a presence in the US, Asia, Europe and the Middle East. This AUM encompasses a variety of asset classes, such as equity, fixed income, liquid alternative, and multi-asset solutions. The firm’s investment approach combines quantitative and qualitative research with an emphasis on active portfolio management. They use a range of strategies to generate returns, including global equities, global fixed income, liquid alternatives, and multi-asset solutions.
These strategies are managed by experienced professionals in the firm’s international offices. According to analysts, Virtus Investment Partners is well-positioned to take advantage of the long-term growth potential in the global investment market.
