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Mar 31, 2021
Virtus Q1 2021 Earnings Report
Virtus Investment Partners reported an increase in revenues, operating income, and earnings per share compared to the same quarter last year, driven by higher asset under management and positive net flows.
Key Takeaways
Virtus Investment Partners reported strong financial results for Q1 2021, with significant increases in revenues, operating income, and earnings per share. Total AUM reached $168.9 billion, driven by the addition of AllianzGI partnership assets, market appreciation, and positive net flows. The company's adjusted EPS was $6.78, reflecting a 104% increase year-over-year.
Earnings per share - diluted reached $4.54, while adjusted earnings per share - diluted stood at $6.78.
Total sales amounted to $10.6 billion, with net flows of $2.4 billion.
Total assets under management (AUM) increased to $168.9 billion.
The company finalized the AllianzGI partnership, adding $29.5 billion in assets.
Forward Guidance
The press release does not contain any forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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