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Mar 31, 2023
Virtus Q1 2023 Earnings Report
Virtus reported mixed results for Q1 2023, with GAAP EPS increasing but adjusted EPS decreasing due to seasonal employment expenses.
Key Takeaways
Virtus Investment Partners reported a decrease in revenues and operating income compared to the previous year, but an increase in net income attributable to Virtus Investment Partners, Inc. Total assets under management increased from the previous quarter due to market performance and retail separate account net inflows.
Earnings per share (diluted) were $5.21, while adjusted earnings per share (diluted) were $4.20.
Total sales amounted to $6.2 billion, with net flows of ($1.9 billion).
Assets under management (AUM) reached $154.8 billion.
The company completed its acquisition of AlphaSimplex on April 1, 2023.
Forward Guidance
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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