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Sep 30, 2021
Virtus Q3 2021 Earnings Report
Virtus reported an increase in operating income and revenues, driven by higher average assets under management, but experienced a slight decline in total assets under management due to market performance and net outflows.
Key Takeaways
Virtus Investment Partners reported increased revenues and operating income for Q3 2021. Total assets under management decreased slightly to $177.3 billion. The company also completed the acquisition of Westchester Capital Management.
Earnings per share diluted was $7.36, and earnings per share diluted, as adjusted, was $9.71.
Total sales were $7.6 billion, with net flows of ($0.6 billion).
Assets under management totaled $177.3 billion.
Operating income increased 8% to $93.3 million.
Forward Guidance
This press release contains forward-looking statements based on current expectations, assumptions, and projections about the company and its markets. These statements are subject to risks and uncertainties that could cause actual results to differ materially.
Positive Outlook
- Statements are identified by terms like expect, estimate, intent, plan, believe, anticipate, may, will, should, could, and continue.
- Forward-looking statements are based on expectations, assumptions, and projections about the company and its markets.
- The company provides investment management products and services through affiliated managers and select subadvisers.
- Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines.
- The company is singularly committed to the long-term success of individual and institutional investors.
Challenges Ahead
- Actual results may differ materially from forward-looking statements.
- The business and forward-looking statements involve known and unknown risks and uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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