Latest news with #VirtusInvestmentPartners
Yahoo
3 days ago
- Business
- Yahoo
Well-Known Investor Is Bullish on Broadcom (AVGO) Stock
Joe Terranova, who frequently appears on CNBC, confirmed on the network recently that he has a Buy rating on Broadcom (AVGO) stock. Terranova is a Senior Managing Director and the Chief Market Strategist for Virtus Investment Partners. A technician working at a magnified microscope, developing a new integrated circuit. Why Terranova Is Bullish on AVGO AVGO's acquisition of VMware has turned out to be "an excellent" move after there was "maybe some skepticism" on the Street about it, Terranova said. Further, the investor believes that AVGO "might surprise (its) shareholders by accelerating (its share) buyback program," he stated. Some on the Street believe that AVGO will refrain from making the latter move because it wants to preserve its capital for acquisitions, Terranova explained. Finally, the investor is bullish on the tech giant's processors and its networks. The Recent Price Action of AVGO Stock In the last month, the shares have jumped 24%, while they have climbed 12.5% in the last three months. While we acknowledge the potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
24-05-2025
- Business
- Yahoo
Prominent Investor 'Wouldn't Be Surprised' to See Nvidia (NVDA) 'Move Towards' All-Time High
Appearing on CNBC recently, prominent investor Joe Terranova said that the momentum of Nvidia Corporation (NASDAQ:NVDA) stock is "clearly positive." Asserting that NVDA CEO Jensen Huang "exudes confidence," Terranova said he "wouldn't be surprised to see the stock make a move towards" its "all-time high" of just over $153. A frequent guest on CNBC, Terranova is a senior managing director of Virtus Investment Partners. Nvidia Corporation (NASDAQ:NVDA) appears to be benefiting from "very strong, consistent demand," Terranova said, noting that Abu Dhabi intends to purchase 18,000 chips from the tech giant. Huang's confidence indicates that Nvidia Corporation (NASDAQ:NVDA) will not have trouble meeting the demand for its chips, Terrranova suggested. The owners of NVDA stock should be pleased by the CEO's self-assurance, added the investor. In the last month, the shares have climbed 28%, while they have lost 5% in the last three months. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
CNBC
14-05-2025
- Business
- CNBC
Trade Tracker: Joe Terranova sells his entire TLT position
Joe Terranova, senior managing director at Virtus Investment Partners, joins CNBC's 'Halftime Report' to explain why he's getting out of the TLT.
Yahoo
13-05-2025
- Business
- Yahoo
Virtus Investment Partners First Quarter 2025 Earnings: EPS: US$4.12 (vs US$4.19 in 1Q 2024)
Revenue: US$217.9m (down 1.9% from 1Q 2024). Net income: US$28.6m (down 4.1% from 1Q 2024). Profit margin: 13% (in line with 1Q 2024). EPS: US$4.12 (down from US$4.19 in 1Q 2024). Our free stock report includes 1 warning sign investors should be aware of before investing in Virtus Investment Partners. Read for free now. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is expected to decline by 7.3% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in the US are expected to grow by 5.4%. Performance of the American Capital Markets industry. The company's shares are up 8.1% from a week ago. You should learn about the 1 warning sign we've spotted with Virtus Investment Partners. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Business Wire
12-05-2025
- Business
- Business Wire
Virtus Investment Partners Reports Preliminary April 30, 2025 Assets Under Management
HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Investment Partners, Inc. (NYSE: VRTS) today reported preliminary assets under management (AUM) of $163.7 billion and other fee earning assets of $2.1 billion for total client assets of $165.8 billion as of April 30, 2025. The decrease in AUM from March 31, 2025 primarily reflects market performance and net outflows in U.S. retail funds, institutional accounts, retail separate accounts and global funds, partially offset by positive net flows in exchange-traded funds. Assets Under Management (unaudited) ($ in millions) By Product Type: March 31, 2025 Open-End Funds (1) $ 52,746 $ 53,608 Closed-End Funds 10,207 10,273 Retail Separate Accounts (2) 45,302 46,920 Institutional Accounts (3) 55,470 56,662 Total Assets Under Management $ 163,725 $ 167,463 By Asset Class: April 30, 2025 March 31, 2025 Equity $ 91,128 $ 93,624 Fixed Income 37,594 37,930 Multi-Asset (4) 20,630 20,834 Alternatives (5) 14,373 15,075 Total Assets Under Management $ 163,725 $ 167,463 Expand (1) Represents assets under management of U.S. retail funds, global funds, and exchange-traded funds (2) Includes strategies for which investment models are provided to managed account sponsors (3) Represents assets under management of institutional separate and commingled accounts including structured products (4) Consists of multi-asset offerings not included in equity, fixed income, and alternatives (5) Consists of managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies Expand About Virtus Investment Partners, Inc. Virtus Investment Partners (NYSE: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment management products and services from our investment managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at
