Virtus Investment Partners reported a significant increase in financial performance for Q2 2021. Net income attributable to common stockholders increased by 458% to $63.0 million, and diluted earnings per share rose by 450% to $7.86. Total AUM increased 6% to $178.6 billion.
Earnings per share - diluted increased to $7.86, and as adjusted, earnings per share - diluted reached $9.07.
Total sales amounted to $9.6 billion, with net flows of $1.3 billion.
Total Assets Under Management (AUM) reached $178.6 billion.
Operating income increased 39% to $86.4 million.
Virtus expects the Stone Harbor Investment Partners acquisition to be modestly accretive to earnings per share, as adjusted, and to close near year-end.
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