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Mar 31, 2022
Virtus Q1 2022 Earnings Report
Virtus reported mixed results for Q1 2022, with GAAP EPS declining but adjusted EPS increasing, driven by strategic transactions and market dynamics.
Key Takeaways
Virtus Investment Partners reported a decrease in net income attributable to Virtus Investment Partners, Inc. at $33.1 million, and a diluted EPS of $4.22. However, the adjusted EPS was $7.87. The total assets under management were $183.3 billion.
Total sales increased to $9.4 billion, driven by growth in open-end funds and institutional sales.
Net flows were negative at ($2.0) billion, as positive flows in institutional and retail separate accounts were offset by open-end fund outflows.
Assets under management decreased to $183.3 billion due to market performance and open-end fund net outflows, partially offset by the acquisition of Stone Harbor Investment Partners.
The company repurchased 125,452 shares of common stock for $30.0 million during the quarter.
Forward Guidance
This document does not contain forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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