VRTS Virtus Investment Partners, Inc. Common Stock
$169.00
Price · Aug 19, 2026
Fundamentals as of Aug 7, 2026
52W Range
$122–$204
58% of range
Analyst Rating
HOLD
9 analysts
Price Target
$148
P/E (TTM)
8.4
ROE
14.8%
Net Profit Margin
15.9%
About Virtus Investment Partners, Inc. Common Stock Company overview from Wikipedia
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
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Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
History
Virtus Investment Partners, formerly known as Phoenix Investment Partners, Ltd., was formed on November 1, 1995, through a reverse merger with Duff & Phelps Investment Management Co., at the time the investment management affiliate of Duff & Phelps Corporation.
1995–2006
From 1995 to 2001, Virtus was a majority-owned indirect subsidiary of Phoenix Life Insurance Co. During this period, the company purchased a majority interest in several boutique investment management companies to establish its multi-manager business model. In addition to Duff & Phelps Investment Management, Virtus’ affiliates during this time included Kayne Anderson Rudnick Investment Management, LLC, Seneca Capital Management, and Zweig Advisers LLC, which was founded by Martin Zweig, a well-known Wall Street investor.
On January 11, 2001, a subsidiary of Phoenix acquired the outstanding shares of Phoenix Investment Partners not already owned, and the company became an indirect wholly owned subsidiary of Phoenix.
In May 2005, Phoenix Investment Partners acquired the remaining minority interest in Seneca Capital Management and in September of that year acquired the remaining minority interest in Kayne Anderson Rudnick, thereby increasing ownership of both companies to 100%. In May 2006, Phoenix Investment Partners adopted the Harris Insight Funds from Harris Investment Management, Inc.
2006–2009
In February 2008, Phoenix announced it would spin off Phoenix Investment Partners as an independent asset management company through a pro rata dividend of Phoenix Investment Partners' common stock to Phoenix's shareholders. On October 30, 2008, Harris Bankcorp Inc., a U.S. subsidiary of Bank of Montreal, announced it would acquire $45 million in convertible preferred stock, representing a 23 percent equity position in Virtus.
Virtus became an independent publicly traded company on December 31, 2008, upon completion of its spin-off from Phoenix. The first day of trading of VRTS was January 2, 2009, and company officials rang the opening bell at NASDAQ Market Site on January 5, 2009.
2010–present
The years 2011 through 2018 were a period of expansion for Virtus as it established or acquired several affiliated managers, beginning in June 2011, when it established Newfleet Asset Management as a fixed income affiliate with approximately $5.2 billion of assets under management. David L. Albrycht, formerly executive managing director of Goodwin Capital Advisors, an investment management company that previously was a subsidiary of Virtus, became chief investment officer of Newfleet.
In October 2012, Virtus completed the acquisition of Rampart Investment Management, a registered investment adviser specializing in options strategies. In 2013, the company established a Dublin-based UCITS, and in 2015 acquired a majority interest in ETF Issuer Solutions (ETFis), a New York City-based company that operates a platform for listing, operating, and distributing exchange-traded funds. It was renamed Virtus ETF Solutions.
In December 2016, Virtus agreed to acquire multi-boutique asset manager RidgeWorth Investments from private equity firm Lightyear Capital and Ridgeworth's employees for $472 million. That transaction, which was completed in June 2017, added approximately $40 billion in assets managed by Ridgeworth's three wholly owned affiliates, Ceredex Value Advisors, Seix Investment Advisors, and Silvant Capital Management.
Virtus completed a majority investment in Sustainable Growth Advisers (SGA), an investment manager headquartered in Stamford, Connecticut that specializes in high-conviction U.S. and global growth equity portfolios, in July 2018.
Natixis Investment Managers agreed to sell AlphaSimplex Group to Virtus in October 2022. The acquisition completed in April 2023.
Business overview
Retail products (available to individual investors) include open-end mutual funds, closed-end funds, exchange-traded funds, and retail separate accounts. The Virtus Mutual Funds family consists of 58 open-end mutual funds that are distributed primarily through intermediaries, including national and regional broker-dealers, independent broker-dealers, and independent financial advisory firms. Virtus' closed-end funds are managed by four affiliated managers. The closed-end funds trade on the New York Stock Exchange.
Retail separately managed accounts comprise intermediary programs, sponsored and distributed by unaffiliated brokerage firms, and private client accounts, which are offered to the high-net-worth clients of the affiliated managers.
Virtus also manages institutional accounts for corporations, multi-employer retirement funds, foundations, endowments, and special purpose funds.
Unaffiliated sub advisers
Virtus supplements the investment capabilities of its affiliated managers with select unaffiliated sub advisers whose strategies are not available to retail mutual fund customers.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
VRTS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$169.00
Market Cap
$1.13B
P/E (TTM)
8.4
EPS (TTM)
$19.97
Revenue (TTM)
$853M
Div Yield
5.7%
ROE
14.8%
Debt/Equity
—
52W Range
$122 – $204
VRTS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$853M
2016-12-31
→
2025-12-31
EPS
$19.97
2016-12-31
→
2025-12-31
Free Cash Flow
$-74M
2016-12-31
→
2025-12-31
Margins
15.9%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
VRTS
Peer Median
P/E (TTM)
8.4
13.9
P/S (TTM)
1.3
3.2
P/B
1.2
0.8
Price / FCF
-15.2
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
VRTS
Peer Median
Operating Margin
19.8%
—
Net Profit Margin
15.9%
19.0%
ROA
3.3%
2.6%
ROE
14.8%
6.7%
ROIC
13.1%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
VRTS
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
VRTS
Peer Median
Revenue YoY
-6.0%
—
Revenue CAGR 3Y
-1.3%
—
Revenue CAGR 5Y
7.1%
—
EPS YoY
18.2%
—
Net Income YoY
-10.8%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
VRTS
Peer Median
Payout Ratio
47.5%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
5.7%
Payout Ratio
47.5%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| July 31, 2026 | $2.4000 |
| April 30, 2026 | $2.4000 |
| Jan. 30, 2026 | $2.4000 |
| Oct. 31, 2025 | $2.4000 |
| July 31, 2025 | $2.2500 |
| April 30, 2025 | $2.2500 |
| Jan. 31, 2025 | $2.2500 |
| Oct. 31, 2024 | $2.2500 |
| July 31, 2024 | $1.9000 |
| April 29, 2024 | $1.9000 |
| Jan. 30, 2024 | $1.9000 |
| Oct. 30, 2023 | $1.9000 |
| July 28, 2023 | $1.6500 |
| April 27, 2023 | $1.6500 |
| Jan. 30, 2023 | $1.6500 |
| Oct. 28, 2022 | $1.6500 |
| July 28, 2022 | $1.5000 |
| April 28, 2022 | $1.5000 |
| Jan. 27, 2022 | $1.5000 |
| Oct. 28, 2021 | $1.5000 |
VRTS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
SELL
9 analysts
- Strong Buy 0 0.0%
- Buy 1 11.1%
- Hold 3 33.3%
- Sell 3 33.3%
- Strong Sell 2 22.2%
12-Month Price Target
4 analysts · 2026-08-14
Median
$145.00
Now
$169.00
Low
$130.00
High
$172.00
Median target
$145.00
-14.2%
Mean target
$148.00
-12.4%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.21%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $5.54 | $6.21 | -0.67% |
| March 31, 2026 | $5.38 | $5.78 | -0.40% |
| Dec. 31, 2025 | $6.50 | $6.57 | -0.07% |
| Sept. 30, 2025 | $6.69 | $6.91 | -0.22% |
| June 30, 2025 | $6.25 | $6.33 | -0.08% |
| March 31, 2025 | $5.73 | $5.52 | 0.21% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| VRTS | $1.09B | 8.2 | -6.0% | 15.9% | 14.8% | — |
| MSDL | $1.42B | 11.8 | — | — | 6.9% | — |
| OCSL | $1.15B | 33.5 | — | — | 2.3% | — |
| PSEC | $1.45B | -2.4 | — | — | -14.6% | — |
| GSBD | $1.04B | 9.0 | — | — | 8.1% | — |
| BBDC | $961M | 8.2 | — | — | 8.7% | — |
| RPC | — | 57.7 | 0.30% | 6.6% | 4.9% | — |
| KBDC | $974M | 8.6 | — | — | 8.3% | — |
| MFIC | $1.05B | — | — | — | 4.7% | — |
| BCSF | $902M | 9.1 | — | — | 8.8% | — |
| CGBD | $897M | 12.4 | — | — | 5.9% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $853M | $907M | $845M | $886M | $979M | $604M | $563M | · | $426M | $323M | $382M | $451M | |
| Operating Expenses | $684M | $724M | $694M | $689M | $654M | $461M | $439M | $439M | $368M | $272M | $302M | $320M | |
| Operating Income | $169M | $182M | $151M | $197M | $325M | $143M | $125M | $113M | $58M | $51M | $80M | $131M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | · | $523.0K | $537.0K | |
| Other Non-op | $3M | $2M | $-440.0K | $-153.0K | $4M | $2M | $2M | $3M | $2M | $1M | $898.0K | $891.0K | |
| Pretax Income | $187M | $208M | $187M | $164M | $354M | $164M | $141M | $109M | $80M | $70M | $68M | $136M | |
| Income Tax | $51M | $55M | $45M | $57M | $91M | $44M | $35M | $33M | $40M | $21M | $37M | $39M | |
| Net Income | $136M | $152M | $141M | $107M | $263M | $120M | $96M | $76M | $37M | $49M | $35M | $97M | |
| EPS (Basic) | $20.27 | $17.19 | $18.02 | $15.90 | $27.13 | $10.49 | $12.54 | $9.37 | $4.09 | $6.34 | $3.99 | $10.75 | |
| EPS (Diluted) | $19.97 | $16.89 | $17.71 | $15.50 | $26.01 | $10.02 | $11.74 | $8.86 | $3.96 | $6.20 | $3.92 | $10.51 | |
| Shares (Basic) | 6,829,000 | 7,082,000 | 7,249,000 | 7,391,000 | 7,672,000 | 7,620,000 | 6,963,000 | 7,174,000 | 7,013,000 | 7,648,000 | 8,797,000 | 9,091,000 | |
| Shares (Diluted) | 6,929,000 | 7,210,000 | 7,375,000 | 7,582,000 | 8,003,000 | 7,976,000 | 8,149,000 | 8,527,000 | 7,247,000 | 7,822,000 | 8,960,000 | 9,292,000 | |
| EBITDA | $232M | $251M | $220M | $262M | $376M | $182M | $164M | $147M | $76M | $57M | $87M | $137M |
Balance Sheet 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | · | · | $222M | $202M | $132M | $84M | $97M | $203M | |
| PP&E (Net) | $22M | $23M | $26M | $19M | $13M | $14M | $18M | $20M | $11M | $8M | $9M | $7M | |
| PP&E (Gross) | $54M | $53M | $49M | $41M | $36M | $37M | $37M | $44M | $31M | $25M | $24M | $19M | |
| Accum. Depreciation | $32M | $30M | $23M | $22M | $24M | $23M | $19M | $24M | $20M | $17M | $14M | $12M | |
| Goodwill | $397M | $397M | $397M | $349M | $338M | $290M | $290M | $290M | $170M | $7M | $7M | $5M | |
| Intangibles | $327M | $378M | $432M | $443M | $501M | $280M | $310M | $339M | $302M | $38M | $41M | $42M | |
| Total Assets | $4.29B | $3.99B | $3.68B | $3.95B | $3.93B | $3.47B | $3.20B | $2.87B | $2.59B | $824M | $860M | $699M | |
| Total Liabilities | $3.25B | $2.99B | $2.71B | $3.02B | $2.96B | $2.63B | $2.45B | $2.17B | $1.98B | $465M | $276M | $112M | |
| Long-term Debt | $390M | $232M | $253M | $255M | $266M | $201M | $278M | $329M | $248M | $30M | · | · | |
| Common Stock | $123.0K | $122.0K | $122.0K | $120.0K | $119.0K | $118.0K | $107.0K | $106.0K | $105.0K | $91.0K | $96.0K | $96.0K | |
| Paid-in Capital | · | · | · | · | · | · | · | · | · | · | · | $1.15B | |
| Retained Earnings | $341M | $268M | $207M | $130M | $61M | $-135M | $-215M | $-311M | $-386M | $-424M | $-473M | $-508M | |
| Treasury Stock | $750M | $690M | $644M | $599M | $509M | $452M | $419M | $379M | $352M | $344M | $158M | $78M | |
| AOCI | $462.0K | $-364.0K | $-87.0K | $-358.0K | $20.0K | $29.0K | $9.0K | $-731.0K | $-600.0K | $-224.0K | $-1M | $-242.0K | |
| Stockholders' Equity | $934M | $897M | $864M | $817M | $828M | $711M | $676M | $630M | $589M | $322M | $510M | $564M | |
| Liabilities + Equity | $4.29B | $3.99B | $3.68B | $3.95B | $3.93B | $3.47B | $3.20B | $2.87B | $2.59B | $824M | $860M | $699M | |
| Shares Outstanding | 6,695,181 | 6,967,147 | 7,087,728 | 7,181,554 | 7,506,151 | 7,583,466 | 6,809,280 | 6,997,382 | 7,159,645 | 5,889,013 | 8,398,944 | 8,975,833 |
Cash Flow 20
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $64M | $69M | $70M | $69M | $51M | $39M | $40M | $33M | $18M | $6M | $7M | $7M | |
| Stock-based Comp | $24M | $33M | $27M | $24M | $26M | $21M | $22M | $23M | $20M | $12M | $12M | $10M | |
| Deferred Tax | $8M | $7M | $1M | $-2M | $-10M | $6M | $6M | $10M | $23M | $6M | $6M | $4M | |
| Amort. of Intangibles | $52M | $56M | $61M | $59M | $44M | $30M | $30M | $25M | $12M | $2M | $3M | $4M | |
| Restructuring | $693.0K | $1M | $824.0K | $4M | $0 | $1M | $2M | $87.0K | $11M | $4M | $0 | $294.0K | |
| Other Non-cash | $-299M | $-260M | $-975.0K | $-60M | $390M | $-373M | $-200M | $-205M | $-281M | $-42M | $-265M | $-177M | |
| Operating Cash Flow | $-67M | $2M | $237M | $133M | $666M | $-226M | $-37M | $-63M | $-183M | $21M | $-209M | $-59M | |
| CapEx | $7M | $6M | $9M | $7M | $6M | $1M | $8M | $12M | $2M | $2M | $5M | $2M | |
| Investing Cash Flow | $-47M | $-17M | $-130M | $-27M | $-175M | $9M | $4M | $-121M | $-417M | $3M | $-6M | $-8M | |
| Debt Issued | · | · | · | · | · | $0 | $0 | $105M | $260M | $0 | $0 | · | |
| Net Debt Issued | · | · | · | $-13M | $-13M | $-79M | $-55M | $81M | $259M | · | · | · | |
| Stock Issued | · | · | · | · | · | · | $0 | $0 | $109M | $0 | $0 | $0 | |
| Stock Repurchased | $60M | $45M | $45M | $90M | $57M | $32M | $40M | $28M | $8M | $234M | $80M | $40M | |
| Net Stock Activity | $-60M | $-45M | $-45M | $-90M | $-57M | $-32M | $-40M | $-28M | $102M | $-234M | $-80M | $-40M | |
| Dividends Paid | $65M | $58M | $52M | $47M | $31M | $23M | $17M | $14M | $13M | $14M | $16M | $8M | |
| Financing Cash Flow | $191M | $75M | $-356M | $-102M | $-244M | $235M | $100M | $204M | $750M | $-48M | $110M | $-1M | |
| Net Change in Cash | $78M | $59M | $-248M | $3M | $246M | $18M | $67M | $20M | $151M | $-24M | $-106M | $-68M | |
| Taxes Paid | $46M | $56M | $31M | $74M | $95M | $35M | $29M | $24M | $12M | $17M | $32M | $23M | |
| Free Cash Flow | $-74M | $-4M | $228M | $126M | $660M | $-227M | $-44M | $-74M | $-184M | $28M | $-214M | $-61M | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | $-214M | $-62M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 19.8% | 20.1% | 17.9% | 22.3% | 33.2% | · | · | · | 13.6% | 15.8% | 21.0% | 29.0% | |
| Net Margin | 15.9% | 16.8% | 16.7% | 12.0% | 21.2% | · | · | · | 8.7% | 15.1% | 8.0% | 21.5% | |
| Pretax Margin | 22.0% | 22.9% | 22.1% | 18.5% | 36.1% | · | · | · | 18.9% | 21.6% | 17.7% | 30.2% | |
| EBITDA Margin | 27.2% | 27.7% | 26.0% | 29.5% | 38.4% | · | · | · | 17.9% | 17.5% | 22.9% | 30.5% | |
| ROA | 3.3% | 4.0% | 3.7% | 2.7% | 5.6% | 2.4% | 3.1% | 2.8% | 2.2% | 5.8% | 3.9% | 14.4% | |
| ROE | 14.8% | 17.3% | 16.8% | 13.0% | 27.0% | 11.5% | 14.6% | 12.4% | 8.1% | 11.7% | 5.7% | 18.4% | |
| ROIC | 13.1% | 14.9% | 13.3% | 15.7% | 29.2% | 14.7% | 13.8% | 12.5% | 4.9% | 11.0% | 7.1% | 16.5% |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | · | · | · | · | · | · | · | · | 153.7 | 243.4 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | · | · | · | 0.2 | 0.4 | 0.5 | 0.7 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -6.0% | 7.3% | -4.6% | -9.5% | 62.2% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -1.3% | -2.5% | 11.9% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 7.1% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 18.2% | -4.6% | 14.3% | -40.4% | 159.6% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 8.8% | -13.4% | 20.9% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 14.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -10.8% | 7.8% | 32.7% | -59.4% | 119.1% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 8.5% | -16.6% | 5.7% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 2.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 23.2% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $853M | $907M | $845M | $886M | $979M | $604M | $563M | $552M | $426M | $323M | $382M | $451M | |
| Net Income TTM | $136M | $152M | $141M | $107M | $263M | $120M | $96M | $76M | $37M | $49M | $35M | $97M | |
| Market Cap | $1.09B | $1.54B | $1.71B | $1.37B | $2.23B | $1.65B | $829M | $556M | $824M | $695M | $987M | $1.53B | |
| P/E | 8.2 | 13.1 | 13.7 | 12.4 | 11.4 | 21.7 | 10.4 | 9.0 | 29.1 | 19.0 | 30.0 | 16.2 | |
| P/S | 1.3 | 1.7 | 2.0 | 1.6 | 2.3 | 2.7 | 1.5 | 1.0 | 1.9 | 2.2 | 2.6 | 3.4 | |
| P/B | 1.2 | 1.7 | 2.0 | 1.7 | 2.7 | 2.3 | 1.2 | 0.9 | 1.4 | 2.2 | 1.9 | 2.7 | |
| P / Tangible Book | 5.2 | 12.6 | 49.4 | 53.6 | · | 11.7 | · | · | · | · | · | · | |
| P / Cash Flow | -16.3 | 875.7 | 7.2 | 10.4 | 3.3 | -7.3 | -22.6 | -8.9 | -4.5 | 22.8 | -4.7 | -26.0 | |
| P / FCF | -14.7 | -401.9 | 7.5 | 10.9 | 3.4 | -7.2 | -18.7 | -7.5 | -4.5 | 24.4 | -4.6 | -25.0 | |
| Dividend Yield | 5.9% | 3.8% | 3.0% | 3.4% | 1.4% | 1.4% | 2.1% | 2.5% | 1.5% | 2.0% | 1.6% | 0.53% | |
| Earnings Yield | 12.2% | 7.7% | 7.3% | 8.1% | 8.8% | 4.6% | 9.7% | 11.2% | 3.4% | 5.2% | 3.3% | 6.2% | |
| Payout Ratio | 47.5% | 38.1% | 36.8% | 44.3% | 15.1% | 28.5% | 17.8% | 18.6% | 34.0% | 28.2% | 52.3% | 8.4% | |
| Annual Payout | $65M | $58M | $52M | $47M | $31M | $23M | $17M | $14M | $13M | $14M | $16M | $8M |
Income Statement 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $201M | $200M | $208M | $216M | $211M | $218M | $233M | $227M | $224M | $222M | $215M | $219M | $214M | $198M | $198M | $210M | |
| Operating Expenses | $174M | $184M | $168M | $169M | $165M | $181M | $183M | $172M | $180M | $190M | $176M | $174M | $174M | $169M | $167M | $166M | |
| Operating Income | $27M | $15M | $40M | $47M | $45M | $37M | $51M | $55M | $44M | $32M | $39M | $45M | $39M | $29M | $31M | $44M | |
| Other Non-op | $-725.0K | $623.0K | $802.0K | $536.0K | $1M | $998.0K | $341.0K | $548.0K | $597.0K | $550.0K | $622.0K | $128.0K | $-847.0K | $-343.0K | $-352.0K | $-659.0K | |
| Pretax Income | $53M | $13M | $47M | $44M | $55M | $40M | $59M | $65M | $38M | $47M | $52M | $50M | $41M | $43M | $39M | $38M | |
| Income Tax | $8M | $7M | $13M | $13M | $12M | $12M | $19M | $16M | $12M | $9M | $13M | $12M | $11M | $9M | $13M | $11M | |
| Net Income | $45M | $6M | $34M | $31M | $43M | $28M | $39M | $49M | $26M | $38M | $38M | $38M | $30M | $35M | $26M | $27M | |
| EPS (Basic) | $6.79 | $1.07 | $5.24 | $4.73 | $6.18 | $4.12 | $4.73 | $5.80 | $2.47 | $4.19 | $4.29 | $4.26 | $4.14 | $5.33 | $4.85 | $4.33 | |
| EPS (Diluted) | $6.68 | $1.05 | $5.15 | $4.65 | $6.12 | $4.05 | $4.65 | $5.71 | $2.43 | $4.10 | $4.21 | $4.19 | $4.10 | $5.21 | $4.74 | $4.25 | |
| Shares (Basic) | 6,670,000 | 6,690,000 | -13,738,000 | 6,757,000 | 6,855,000 | 6,955,000 | -14,235,000 | 7,071,000 | 7,127,000 | 7,119,000 | -14,562,000 | 7,258,000 | 7,308,000 | 7,245,000 | -14,912,000 | 7,308,000 | |
| Shares (Diluted) | 6,778,000 | 6,806,000 | -13,933,000 | 6,867,000 | 6,922,000 | 7,073,000 | -14,495,000 | 7,176,000 | 7,242,000 | 7,287,000 | -14,799,000 | 7,379,000 | 7,385,000 | 7,410,000 | -15,327,000 | 7,463,000 | |
| EBITDA | $27M | $33M | · | $47M | $45M | $53M | · | $55M | $44M | $50M | · | $45M | $39M | $44M | · | $44M |
Balance Sheet 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PP&E (Net) | $22M | $22M | $22M | $23M | $23M | $24M | $23M | $23M | $25M | $26M | · | $26M | $23M | $19M | · | $19M | |
| PP&E (Gross) | · | · | $54M | · | · | · | $53M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $32M | · | · | · | $30M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $641M | $641M | $397M | $397M | $397M | $397M | $397M | $397M | $397M | $397M | · | $397M | $397M | $349M | $349M | $349M | |
| Intangibles | $599M | $619M | $327M | $339M | $352M | $365M | $378M | $389M | $402M | $417M | $432M | $452M | $468M | $428M | $443M | $467M | |
| Total Assets | $4.54B | $4.56B | $4.29B | $3.91B | $3.70B | $3.69B | $3.99B | $3.60B | $3.65B | $3.55B | · | $3.77B | $3.65B | $3.70B | · | $3.55B | |
| Total Liabilities | $3.38B | $3.45B | $3.25B | $2.88B | $2.67B | $2.67B | $2.99B | $2.61B | $2.65B | $2.56B | · | $2.80B | $2.68B | $2.75B | · | $2.62B | |
| Long-term Debt | $419M | $439M | $390M | $391M | $231M | $232M | $232M | $237M | $248M | $253M | · | $274M | $294M | $255M | · | $255M | |
| Common Stock | $124.0K | $124.0K | $123.0K | $123.0K | $123.0K | $123.0K | $122.0K | $122.0K | $122.0K | $122.0K | · | $122.0K | $122.0K | $121.0K | · | $120.0K | |
| Retained Earnings | $360M | $332M | $341M | $322M | $307M | $281M | $268M | $251M | $227M | $223M | · | $191M | $174M | $156M | · | $107M | |
| Treasury Stock | $770M | $760M | $750M | $740M | $740M | $710M | $690M | $677M | $662M | $649M | · | $624M | $609M | $599M | · | $589M | |
| AOCI | $234.0K | $436.0K | $462.0K | $598.0K | $586.0K | $-72.0K | $-364.0K | $230.0K | $-200.0K | $-187.0K | · | $-373.0K | $-147.0K | $-259.0K | · | $-771.0K | |
| Stockholders' Equity | $945M | $917M | $934M | $919M | $896M | $894M | $897M | $889M | $869M | $872M | · | $862M | $852M | $838M | · | $799M | |
| Liabilities + Equity | $4.54B | $4.56B | $4.29B | $3.91B | $3.70B | $3.69B | $3.99B | $3.60B | $3.65B | $3.55B | · | $3.77B | $3.65B | $3.70B | · | $3.55B | |
| Shares Outstanding | 6,622,622 | 6,682,055 | 6,695,181 | 6,753,444 | 6,748,088 | 6,911,016 | 6,967,147 | 7,016,433 | 7,082,071 | 7,127,881 | 7,087,728 | 7,182,763 | 7,254,786 | 7,288,394 | · | 7,231,973 |
Cash Flow 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $23M | $18M | $16M | $16M | $16M | $16M | $16M | $16M | $18M | $18M | $18M | $19M | $19M | $16M | $20M | $16M | |
| Stock-based Comp | $11M | $5M | $5M | $6M | $7M | $7M | $9M | $8M | $9M | $7M | $7M | $8M | $7M | $6M | $5M | $5M | |
| Deferred Tax | $931.0K | $1M | $2M | $3M | $2M | $1M | $5M | $2M | $-433.0K | $1M | $-1M | $3M | $-2M | $1M | $4M | $-3M | |
| Amort. of Intangibles | $20M | $15M | $13M | $13M | $13M | $13M | $13M | $13M | $15M | $15M | · | $15M | $16M | $14M | · | $15M | |
| Restructuring | $825.0K | $3M | $0 | $693.0K | $0 | $0 | $0 | $0 | $690.0K | $797.0K | $133.0K | $691.0K | $0 | $0 | $0 | $4M | |
| Other Non-cash | · | $5M | · | · | · | $-56M | · | · | · | $-98M | · | · | · | $-101M | · | · | |
| Operating Cash Flow | $57M | $36M | $-247M | $108M | $76M | $-4M | $-103M | $69M | $70M | $-35M | $7M | $128M | $145M | $-43M | $-22M | $117M | |
| CapEx | $1M | $2M | $944.0K | $1M | $2M | $3M | $2M | $407.0K | $1M | $2M | $2M | $4M | $1M | $1M | $1M | $1M | |
| Investing Cash Flow | $-1M | $-198M | $-42M | $-1M | $-1M | $-3M | $-12M | $-1M | $-1M | $-2M | $-2M | $-4M | $-110M | $-13M | $-2M | $-1M | |
| Stock Repurchased | $10M | $10M | $10M | $0 | $30M | $20M | $12M | $15M | $12M | $5M | $20M | $15M | $10M | $0 | $10M | $10M | |
| Net Stock Activity | · | $-10M | · | · | · | $-20M | · | · | · | $-5M | · | · | · | $0 | · | · | |
| Dividends Paid | $16M | $18M | $16M | $15M | $16M | $17M | $16M | $14M | $14M | $15M | $14M | $12M | $12M | $14M | $12M | $11M | |
| Financing Cash Flow | $-44M | $-41M | $305M | $112M | $-52M | $-174M | $204M | $-108M | $34M | $-56M | $-70M | $-75M | $-96M | $-115M | $217M | $-79M | |
| Net Change in Cash | $12M | $-204M | $16M | $219M | $24M | $-181M | $88M | $-39M | $103M | $-93M | $-65M | $48M | $-60M | $-171M | $194M | $37M | |
| Free Cash Flow | · | $34M | · | · | · | $-7M | · | · | · | $-36M | · | · | · | $-44M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 13.6% | 7.7% | · | 21.8% | 21.5% | 16.8% | · | 24.3% | 19.7% | 14.5% | · | 20.5% | 18.3% | 14.4% | · | 20.9% | |
| Net Margin | 22.1% | 3.1% | · | 14.5% | 20.3% | 12.9% | · | 21.6% | 11.6% | 17.1% | · | 17.4% | 14.1% | 17.5% | · | 13.0% | |
| Pretax Margin | 26.3% | 6.7% | · | 20.5% | 26.2% | 18.5% | · | 28.6% | 16.8% | 21.0% | · | 23.0% | 19.2% | 21.9% | · | 18.1% | |
| EBITDA Margin | 13.6% | 16.6% | · | 21.8% | 21.5% | 24.2% | · | 24.3% | 19.7% | 22.7% | · | 20.5% | 18.3% | 22.5% | · | 20.9% | |
| ROA | 1.1% | 0.15% | · | 0.83% | 1.2% | 0.78% | · | 1.3% | 0.71% | 1.1% | · | 1.0% | 0.84% | 0.94% | · | 0.75% | |
| ROE | 4.8% | 0.68% | · | 3.5% | 4.8% | 3.2% | · | 5.6% | 3.0% | 4.4% | · | 4.6% | 3.7% | 4.2% | · | 3.4% | |
| ROIC | 2.4% | 0.78% | · | 3.6% | 3.9% | 2.8% | · | 4.7% | 3.5% | 3.0% | · | 4.0% | 3.4% | 2.7% | · | 4.0% |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 |
Valuation (TTM) 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $828M | $844M | · | $872M | $880M | $891M | · | $893M | $879M | $853M | · | $841M | $847M | $886M | · | $940M | |
| Net Income TTM | $125M | $108M | · | $151M | $146M | $141M | · | $151M | $132M | $141M | · | $130M | $106M | $115M | · | $153M | |
| Market Cap | $950M | $898M | · | $1.28B | $1.22B | $1.19B | · | $1.47B | $1.60B | $1.77B | · | $1.45B | $1.43B | $1.39B | · | $1.15B | |
| P/E | 7.8 | 8.5 | · | 9.3 | 9.9 | 10.6 | · | 12.7 | 15.2 | 14.1 | · | 11.4 | 12.5 | 11.9 | · | 8.8 | |
| P/S | 1.1 | 1.1 | · | 1.5 | 1.4 | 1.3 | · | 1.6 | 1.8 | 2.1 | · | 1.7 | 1.7 | 1.6 | · | 1.2 | |
| P/B | 1.0 | 1.0 | · | 1.4 | 1.4 | 1.3 | · | 1.7 | 1.8 | 2.0 | · | 1.7 | 1.7 | 1.7 | · | 1.4 | |
| P / Tangible Book | · | · | · | 7.0 | 8.3 | 9.1 | · | 14.2 | 22.9 | 30.6 | · | 114.5 | · | 22.8 | · | · | |
| P / Cash Flow | · | 25.0 | · | · | · | -314.5 | · | · | · | -51.2 | · | · | · | -32.3 | · | · | |
| P / FCF | · | 26.8 | · | · | · | -175.9 | · | · | · | -48.5 | · | · | · | -31.2 | · | · | |
| Earnings Yield | 12.9% | 11.8% | · | 10.8% | 10.1% | 9.4% | · | 7.8% | 6.6% | 7.1% | · | 8.8% | 8.0% | 8.4% | · | 11.4% | |
| Payout Ratio | · | 291.0% | · | · | · | 61.1% | · | · | · | 39.4% | · | · | · | 40.6% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $853M | $907M | $845M | $886M | $979M |
| Operating Margin % | 19.8% | 20.1% | 17.9% | 22.3% | 33.2% |
| Net Income | $136M | $152M | $141M | $107M | $263M |
| Diluted EPS | $19.97 | $16.89 | $17.71 | $15.50 | $26.01 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-74M | $-4M | $228M | $126M | $660M |
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Institutional owners (13F) 244 filers · $588.8M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 36 (-3 vs prior Q) | 29 (-2 vs prior Q) | 83 (+15 vs prior Q) | 54 (-13 vs prior Q) | +804K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $64,592,794 | 450,124 | 10.97% | Shares |
| STATE STREET CORP | $64,333,059 | 448,314 | 10.93% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $50,645,455 | 352,930 | 8.60% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $42,699,474 | 297,557 | 7.25% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $40,158,188 | 279,848 | 6.82% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $40,086,151 | 279,346 | 6.81% | Shares |
| AMERICAN CENTURY COMPANIES INC | $28,034,590 | 195,363 | 4.76% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $20,352,917 | 141,804 | 3.46% | Shares |
| JPMORGAN CHASE & CO | $18,471,056 | 128,200 | 3.14% | Shares |
| TWO SIGMA INVESTMENTS, LP | $15,489,677 | 107,942 | 2.63% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $14,003,017 | 97,582 | 2.38% | Shares |
| Glenmede Investment Management, LP | $11,795,922 | 62,074 | 2.00% | Shares |
| ALGERT GLOBAL LLC | $11,187,547 | 77,962 | 1.90% | Shares |
| GLENMEDE TRUST CO NA | $10,655,879 | 74,257 | 1.81% | Shares |
| Bank of New York Mellon Corp | $7,577,805 | 52,807 | 1.29% | Shares |
| Zimmer Partners, LP | $7,276,598 | 50,708 | 1.24% | Shares |
| FIRST TRUST ADVISORS LP | $6,852,268 | 47,751 | 1.16% | Shares |
| MILLENNIUM MANAGEMENT LLC | $6,626,686 | 46,179 | 1.13% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $5,989,116 | 41,736 | 1.02% | Shares |
| FMR LLC | $5,160,260 | 35,960 | 0.88% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $4,337,431 | 30,226 | 0.74% | Shares |
| PRUDENTIAL FINANCIAL INC | $4,257,789 | 29,671 | 0.72% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $4,079,562 | 28,429 | 0.69% | Shares |
| GOLDMAN SACHS GROUP INC | $3,707,466 | 25,836 | 0.63% | Shares |
| AWH Capital, L.P. | $3,550,477 | 24,742 | 0.60% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $3,390,331 | 23,626 | 0.58% | Shares |
| IEQ CAPITAL, LLC | $3,254,620 | 22,680 | 0.55% | Shares |
| Public Sector Pension Investment Board | $3,103,474 | 21,627 | 0.53% | Shares |
| MERITAGE PORTFOLIO MANAGEMENT | $3,019,254 | 18,506 | 0.51% | Shares |
| AMERIPRISE FINANCIAL INC | $2,917,642 | 20,332 | 0.50% | Shares |
| RHUMBLINE ADVISERS | $2,722,045 | 18,969 | 0.46% | Shares |
| BlackRock, Inc. | $2,563,197 | 17,862 | 0.44% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $2,554,920 | 17,804 | 0.43% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $2,315,947 | 16,139 | 0.39% | Shares |
| Brandywine Global Investment Management, LLC | $2,266,154 | 13,890 | 0.38% | Shares |
| XTX Topco Ltd | $2,237,309 | 15,591 | 0.38% | Shares |
| Huber Capital Management LLC | $2,219,659 | 15,468 | 0.38% | Shares |
| AlphaQuest LLC | $2,062,869 | 12,644 | 0.35% | Shares |
| Mariner, LLC | $2,035,003 | 14,181 | 0.35% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $2,022,633 | 14,095 | 0.34% | Shares |
| CITADEL ADVISORS LLC | $1,933,806 | 13,476 | 0.33% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,908,694 | 13,301 | 0.32% | Shares |
| Swiss National Bank | $1,808,100 | 12,600 | 0.31% | Shares |
| ExodusPoint Capital Management, LP | $1,798,486 | 12,533 | 0.31% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $1,691,865 | 11,790 | 0.29% | Shares |
| Villanova Investment Management Co LLC | $1,619,254 | 11,284 | 0.28% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $1,483,647 | 10,339 | 0.25% | Shares |
| MORGAN STANLEY | $1,435,000 | 10,000 | 0.24% | Shares |
| Kennondale Capital Management LLC | $1,402,569 | 9,774 | 0.24% | Shares |
| ROYCE & ASSOCIATES LP | $1,401,708 | 9,768 | 0.24% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $1,390,665 | 8,680 | 0.24% | Shares |
| Legal & General Group Plc | $1,385,637 | 9,656 | 0.24% | Shares |
| TWO SIGMA ADVISERS, LP | $1,288,885 | 7,900 | 0.22% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $1,179,283 | 8,218 | 0.20% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $1,157,184 | 8,064 | 0.20% | Shares |
| Quadrature Capital Ltd | $1,088,161 | 7,583 | 0.18% | Shares |
| Quinn Opportunity Partners LLC | $1,069,075 | 7,450 | 0.18% | Shares |
| Quantinno Capital Management LP | $1,063,717 | 7,412 | 0.18% | Shares |
| Jump Financial, LLC | $1,033,200 | 7,200 | 0.18% | Shares |
| Clayton Partners LLC | $1,004,500 | 7,000 | 0.17% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,003,595 | 7,470 | 0.17% | Shares |
| Nebula Research & Development LLC | $962,508 | 5,306 | 0.16% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $831,583 | 5,795 | 0.14% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $819,535 | 6,100 | 0.14% | Shares |
| Balyasny Asset Management L.P. | $815,511 | 5,683 | 0.14% | Shares |
| Vanguard Global Advisers, LLC | $808,479 | 5,634 | 0.14% | Shares |
| Y-Intercept (Hong Kong) Ltd | $793,698 | 5,531 | 0.13% | Shares |
| UBS Group AG | $779,205 | 5,430 | 0.13% | Shares |
| Cerity Partners LLC | $777,340 | 5,417 | 0.13% | Shares |
| Mirae Asset Global Investments Co., Ltd. | $753,232 | 5,249 | 0.13% | Shares |
| Quantbot Technologies LP | $739,886 | 5,156 | 0.13% | Shares |
| Squarepoint Ops LLC | $673,015 | 4,690 | 0.11% | Shares |
| Lido Advisors, LLC | $633,122 | 4,412 | 0.11% | Shares |
| ALLSTATE CORP | $617,624 | 4,304 | 0.10% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $601,983 | 4,195 | 0.10% | Shares |
| HSBC HOLDINGS PLC | $572,122 | 3,934 | 0.10% | Shares |
| Russell Investments Group, Ltd. | $570,828 | 3,977 | 0.10% | Shares |
| MetLife Investment Management, LLC | $538,125 | 3,750 | 0.09% | Shares |
| Entropy Technologies, LP | $534,394 | 3,724 | 0.09% | Shares |
| Illinois Municipal Retirement Fund | $499,237 | 3,479 | 0.08% | Shares |
| CWM, LLC | $489,303 | 3,642 | 0.08% | Shares |
| CHOREO, LLC | $472,115 | 3,290 | 0.08% | Shares |
| BARCLAYS PLC | $423,901 | 2,954 | 0.07% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $422,464 | 2,944 | 0.07% | Shares |
| BROWN ADVISORY INC | $422,033 | 2,941 | 0.07% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $416,150 | 2,900 | 0.07% | Shares |
| JANUS HENDERSON GROUP PLC | $409,923 | 3,054 | 0.07% | Shares |
| EntryPoint Capital, LLC | $409,406 | 2,853 | 0.07% | Shares |
| CAXTON ASSOCIATES LLP | $403,092 | 2,809 | 0.07% | Shares |
| Schonfeld Strategic Advisors LLC | $402,517 | 2,805 | 0.07% | Shares |
| Louisiana State Employees Retirement System | $401,800 | 2,800 | 0.07% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $375,827 | 2,619 | 0.06% | Shares |
| BTG Pactual Asset Management US LLC | $372,957 | 2,599 | 0.06% | Shares |
| EVERGREEN CAPITAL MANAGEMENT LLC | $371,809 | 2,591 | 0.06% | Shares |
| Invesco Ltd. | $366,786 | 2,556 | 0.06% | Shares |
| Arax Advisory Partners | $363,486 | 2,533 | 0.06% | Shares |
| INCEPTIONR LLC | $359,037 | 2,502 | 0.06% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $352,723 | 2,458 | 0.06% | Shares |
| FIRST CITIZENS BANK & TRUST CO | $343,395 | 2,393 | 0.06% | Shares |
| Focus Partners Wealth | $334,158 | 2,328 | 0.06% | Shares |
Company insiders 27 insiders · 13 officers · 9 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| George R Aylward JR | Director, CEO and President | March 13, 2026 A | 291,377 | 0 | 0 | $0 |
| Richard W Smirl | EVP & Chief Operating Officer | May 2, 2025 F | 13,147 | 0 | 0 | $0 |
| Barry M. Mandinach | EVP, Head of Distribution | June 16, 2026 S | 10,815 | 0 | 2 | $-723,820 |
| Elizabeth A Lieberman | EVP, Chief HR Officer | March 14, 2025 A | 3,084 | 0 | 0 | $0 |
| Andra C Purkalitis | EVP and CLO | March 14, 2025 A | 3,230 | 0 | 0 | $0 |
| Mardelle W Pena | EVP, Chief HR Officer | March 15, 2024 F | 16,307 | 0 | 0 | $0 |
| Wendy J Hills | EVP, CLO, GC & Secretary | March 15, 2023 F | 7,691 | 0 | 0 | $0 |
| William Patrick Bradley III | EVP, Fund Services | March 15, 2022 A | 10,981 | 0 | 0 | $0 |
| Francis G Waltman | EVP, Product Management | March 15, 2021 A | 17,842 | 0 | 0 | $0 |
| Mark S Flynn | EVP & General Counsel | March 15, 2019 A | 12,574 | 0 | 0 | $0 |
| Jeffrey Cerutti | EVP, Head of Distribution | March 14, 2014 F | 19,840 | 0 | 0 | $0 |
| Steven J Neamtz | EVP, Retail Distribution | March 15, 2010 A | 32,685 | 0 | 0 | $0 |
| Nancy G Curtiss | EVP, Operations | March 15, 2010 A | 14,037 | 0 | 0 | $0 |
| Peter L Bain | Director | May 20, 2026 A | 4,819 | 0 | 0 | $0 |
| Melody L Jones | Director | May 20, 2026 A | 9,714 | 0 | 0 | $0 |
| Susan S. Fleming | Director | Feb. 11, 2026 S | 10,355 | 0 | 5 | $-970,740 |
| John C Weisenseel | Director | May 14, 2025 A | 609 | 0 | 0 | $0 |
| Stephen T Zarrilli | Director | March 6, 2024 S | 3,549 | 0 | 0 | $0 |
| Mark C Treanor | Director | May 18, 2020 A | 30,305 | 0 | 0 | $0 |
| Sheila Hooda | Director | May 15, 2019 A | 2,603 | 0 | 0 | $0 |
| BAIO JAMES R | Director | May 15, 2019 A | 15,405 | 0 | 0 | $0 |
| Michael A Angerthal | — | Aug. 3, 2026 S | 63,461 | 0 | 7 | $-2,505,946 |
| Howard W Morris | — | May 20, 2026 A | 5,086 | 3 | 0 | $524,362 |
| Paul G Greig | — | May 20, 2026 A | 4,993 | 0 | 0 | $0 |
| Timothy A Holt | — | May 20, 2026 A | 33,178 | 0 | 0 | $0 |
| Diane M Coffey | — | May 28, 2015 A | 10,839 | 0 | 0 | $0 |
| Edward M Swan JR | — | May 28, 2015 A | 13,156 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 4 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| SENVEST MASTER FUND LP, SENVEST INTERNATIONAL LLC, RIMA MANAGEMENT, L.L.C., RICHARD MASHAAL ×3 filings | April 1, 2011 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | June 25, 2001 | — | Initial filing | M&A / sale | SEC |
| Brown's Dock, L.L.C., Phoenix Home Life Mutual Insurance Company, Phoenix Investment Partners, Ltd., Inverness Management Fund I LLC, WMD LLC, J.C. Comis LLC, W. McComb Dunwoody, James C. Comis, III, Inverness/Phoenix Partners LP, Executive Capital Partners I LP, Inverness/Phoenix Captial LLC, DCPM Holdings, Inc. | May 14, 2001 | — | Initial filing | — | SEC |
| Marc J. Gabelli ________________________________________________________________ (2), Mario J. Gabelli _________________________________________________________________ (2) | Jan. 16, 2001 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 64 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SIXS · EXCHANGE TRADED CONCEPTS TRUST | 1.15% | 10,231 NS | May 31, 2026 | N-PORT |
| DEEP · ETF Series Solutions | 0.99% | 1,821 NS | May 31, 2026 | N-PORT |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.65% | 8,134 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.31% | 25,836 NS | April 30, 2026 | N-PORT |
| PSCF · Invesco Exchange-Traded Fund Trust … | 0.23% | 369 SH | Aug. 8, 2026 | Daily |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.19% | 1,293 NS | May 31, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.18% | 140 NS | April 30, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.13% | 1,257 NS | April 30, 2026 | N-PORT |
| IJS · iShares Trust | 0.11% | 55,728 SH | Aug. 8, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.10% | 5,696 SH | Aug. 8, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.10% | 13,328 SH | Aug. 8, 2026 | Daily |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.09% | 161,419 NS | May 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.07% | 12,293 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.07% | 60,559 SH | Aug. 8, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.07% | 1,029 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.06% | 746 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.06% | 5,597 SH | Aug. 8, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.06% | 7,483 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.06% | 383,198 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.05% | 3,718 NS | May 31, 2026 | N-PORT |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.05% | 21,973 SH | Aug. 8, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.05% | 46,558 NS | April 30, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.05% | 844 SH | Aug. 8, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.05% | 2,430 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.05% | 28,628 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.04% | 8,732 NS | May 31, 2026 | N-PORT |
| SAA · ProShares Trust | 0.04% | 77 NS | May 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.04% | 173,020 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.03% | 1,439 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 36,969 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.03% | 2,790 NS | April 30, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.03% | 13,825 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.02% | 23,699 NS | April 30, 2026 | N-PORT |
| JSTC · Tidal Trust I | 0.02% | 561 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.02% | 303 NS | May 31, 2026 | N-PORT |
| SCHD · SCHWAB STRATEGIC TRUST | 0.02% | 152,648 NS | May 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.02% | 92,677 SH | Aug. 8, 2026 | Daily |
| SFGV · EA Series Trust | 0.02% | 1,473 NS | May 29, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 30,264 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.02% | 316 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.01% | 236 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 334 NS | April 30, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.01% | 1,854 NS | April 30, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 450 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 72,259 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.01% | 146,227 SH | Aug. 8, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.01% | 10,373 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.01% | 238 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 291 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 770 NS | April 30, 2026 | N-PORT |