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Sep 30, 2020
Virtus Q3 2020 Earnings Report
Virtus reported an increase in earnings per share and assets under management, driven by market appreciation and positive net flows.
Key Takeaways
Virtus Investment Partners reported strong financial results for Q3 2020, with an increase in earnings per share to $3.71 and adjusted earnings per share to $4.49. The company also saw growth in total sales, net flows, and assets under management, reflecting positive market performance and investor activity.
Earnings per share (diluted) reached $3.71, or $4.49 as adjusted.
Total sales amounted to $7.6 billion, with net flows of $1.2 billion.
Long-term assets under management totaled $115.0 billion, and total AUM reached $116.5 billion.
Operating income increased 54% to $41.0 million from the prior quarter.
Forward Guidance
No specific forward guidance was provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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