NYSE$VRTS
Virtus Investment Partners Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
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.
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.
Headline financials
Revenue & EPS history
Virtus · Revenue · Quarterly
$252M
Revenue by segment
Virtus · $133M total across 4 segments · Q2 2020
- Investment management fees$111M—83.2%
- Administration and shareholder service fees$13.3M—10.0%
- Distribution and service fees$8.89M—6.7%
- Other income and fees$166K—0.1%
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.
Tailwinds
- 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.
Headwinds
- Actual results may differ materially from forward-looking statements.
- The business and forward-looking statements involve known and unknown risks and uncertainties.
- Risks include reductions in assets under management, economic conditions, and inability to achieve benefits of strategic transactions.
- The COVID-19 pandemic and associated global economic disruption pose ongoing risks.
- Other risks include damage to reputation, inability to attract key personnel, and adverse regulatory developments.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
-0.2%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+1.2%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+20.5%
Q3 2015
Best reaction
-20.5%
Q2 2010
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.9% | -1.5% | -1.9% | |
| Q4 2025 | -7.1% | -7.4% | -11.2% | |
| Q3 2025 | -6.4% | -7.0% | -10.8% | |
| Q1 2025 | -2.3% | -2.1% | +6.5% | |
| Q4 2024 | -5.5% | -7.7% | -11.1% | |
| Q3 2024 | +5.9% | +5.9% | +13.7% | |
| Q2 2024 | -7.9% | -8.1% | -11.8% | |
| Q1 2024 | -3.7% | -4.7% | +0.8% | |
| Q4 2023 | -2.8% | -3.0% | -1.3% | |
| Q3 2023 | +3.6% | +7.7% | +14.1% | |
| Q2 2023 | -2.4% | -3.6% | -4.8% | |
| Q1 2023 | -1.1% | -2.8% | +9.1% | |
| Q4 2022 | -5.9% | -5.9% | -9.7% | |
| Q3 2022 | +0.3% | -0.0% | +12.9% | |
| Q2 2022 | +1.1% | +2.5% | -1.6% | |
| Q1 2022 | -2.2% | -0.1% | +5.4% | |
| Q4 2021 | +4.1% | +7.8% | -12.0% | |
| Q3 2021 | -6.3% | -2.8% | -8.3% | |
| Q2 2021 | +4.3% | +5.6% | +20.6% | |
| Q1 2021 | +5.9% | +5.2% | +7.9% | |
| Q4 2020 | +4.8% | +9.0% | +7.3% | |
| Q3 2020 | +2.5% | -5.8% | +5.8% | |
| Q2 2020 | +4.9% | +5.0% | +5.6% | |
| Q1 2020 | +15.1% | +8.1% | +14.4% | |
| Q4 2019 | +0.3% | +6.6% | -12.7% | |
| Q3 2019 | +8.8% | +10.2% | +17.6% | |
| Q2 2019 | +4.7% | +1.6% | -2.0% | |
| Q1 2019 | +3.0% | +1.6% | -7.7% | |
| Q4 2018 | +1.6% | +5.5% | +15.3% | |
| Q3 2018 | -2.4% | -2.2% | -5.0% | |
| Q2 2018 | +0.5% | -1.3% | -0.8% | |
| Q1 2018 | +1.1% | +0.7% | +9.7% | |
| Q4 2017 | -3.5% | -2.4% | -5.5% | |
| Q3 2017 | -3.6% | -5.1% | -4.1% | |
| Q2 2017 | +1.5% | -0.8% | -8.9% | |
| Q1 2017 | -4.7% | -7.0% | -8.0% | |
| Q4 2016 | -11.1% | -12.0% | -12.3% | |
| Q3 2016 | +15.3% | +7.4% | +24.7% | |
| Q2 2016 | +3.3% | +7.3% | +6.7% | |
| Q1 2016 | +15.5% | — | — | |
| Q4 2015 | -3.6% | — | — | |
| Q3 2015 | +20.5% | — | — | |
| Q2 2015 | +6.0% | — | — | |
| Q1 2015 | -14.1% | — | — | |
| Q4 2014 | -2.6% | — | — | |
| Q3 2014 | +5.7% | — | — | |
| Q2 2014 | +0.1% | — | — | |
| Q1 2014 | +4.0% | — | — | |
| Q4 2013 | -4.0% | — | — | |
| Q3 2013 | +16.1% | — | — | |
| Q2 2013 | +0.8% | — | — | |
| Q1 2013 | +0.1% | — | — | |
| Q3 2010 | +1.8% | — | — | |
| Q4 2012 | +2.2% | — | — | |
| Q3 2012 | -3.1% | — | — | |
| Q2 2012 | +2.4% | — | — | |
| Q1 2011 | +1.2% | — | — | |
| Q1 2012 | +1.9% | — | — | |
| Q4 2011 | -4.3% | — | — | |
| Q4 2009 | -4.3% | — | — | |
| Q3 2011 | +0.5% | — | — | |
| Q4 2010 | -20.5% | — | — | |
| Q2 2011 | -20.5% | — | — | |
| Q2 2010 | -20.5% | — | — | |
| Q1 2010 | -2.1% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro