7. Virtus Investment Partners, Inc. (NYSE:VRTS)
Dividend yield: 4.79%
Ex-Dividend Date: March 30, 2025
Number of Hedge Funds: 26
Based in Hartford, Connecticut, Virtus Investment Partners, Inc. (NYSE:VRTS) is a multi-boutique asset management company providing diverse equity, fixed income, and alternative investment solutions. The company serves institutional and retail clients across North America. It stands out from its competitors by integrating independent, specialized investment strategies under a single platform.
As of February 28, 2025, the company’s year-to-date return performance showed a decline of -15.19%. The negative market performance caused by factors including the rising costs was a primary contributor to the fall in Virtus Investment Partners, Inc. (NYSE:VRTS)’s YTD performance. As a result, the company’s total asset management decreased by $8.7 billion, leading to a decline in the company’s value. EPS, reported by the company during the fourth quarter, stands at $7.50, missing the anticipated value by $0.12. On the other hand, the new products introduced by the company, including a new ETF from Sykes, are gaining recognition and positive reception.
Virtus Investment Partners, Inc. (NYSE:VRTS) provides a 4.79% dividend yield with a payout ratio of 47.07%. The latter indicates the capability of the company to cover its dividend payouts with less than half its earnings. Twenty-six hedge funds hold positions in the company, according to Insider Monkey’s Q4 2024 database, suggesting strong institutional interest.
Analysts maintained a consensus Sell rating, which raised concerns. The 1-year price target of the stock has a 12.25% upside to $210 from its current price. The ex-dividend date is March 30, 2025, while May 14, 2025, has been announced as the dividend payout date.
