On July 13, 2025, Citigroup reaffirmed its "Reduce" rating for PGPHF (OTC), a stock traded on the OTC exchange. At the time, PGPHF's stock price was $1,344.02. This rating suggests that Citigroup anticipates a potential decline in the stock's value, advising investors to consider reducing their holdings.
PGPHF's current price of $1,344.02 marks a decrease of approximately 1.65%, or $22.59. The stock has shown volatility, with a 52-week high of $1,590.12 and a low of $1,086.97. This fluctuation indicates a dynamic market environment, where prices can change rapidly based on various factors.
Virtus Investment Partners, Inc. recently reported its assets under management (AUM) as of June 30, 2025, totaling $170.7 billion. This figure, along with other fee-earning assets, brings the total client assets to $172.5 billion. The increase in AUM is due to favorable market performance and positive net flows in exchange-traded funds.
Despite these gains, Virtus faced challenges with net outflows in institutional accounts, U.S. retail funds, retail separate accounts, and global funds. These outflows partially offset the positive market performance, highlighting the complexities of managing large asset portfolios.
