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Virtus (VRTS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-boutique asset management business, today announced that it will release its financial results for the third quarter of 2023 before the market opens on Friday, October 27, 2023. George R. Aylward, president and chief executive officer, and Michael A. Angerthal, executive vice president and chief financial officer, will host a conference call and webcast with the investment community at 10:0.
Virtus Investment (VRTS) reports a 1.5% decline in August AUM, majorly attributable to a fall in open-end & closed-end funds.
Virtus Investment Partners, Inc.'s AUM has grown steadily to $168 billion, driven by solid market performance and the addition of AlphaSimplex. The company's current valuation offers a slight discount to the sector, making it an appealing investment opportunity for both growth and dividend income-oriented investors. VRTS has a strong company structure, with tailored portfolios and an ROE of over 16%, and is expected to continue growing as market conditions remain positive.
Boosting shareholder wealth, Virtus Investment (VRTS) announces a 15.2% increase in its dividend. Its decent capital position is expected to support the latest hike.
Virtus Investment (VRTS) records an AUM balance of $171.9 billion for the end of July 2023, up 2.1% from the end of the previous month.
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-boutique asset management business, today announced that it will release its financial results for the second quarter of 2023 before the market opens on Friday, July 28, 2023. George R. Aylward, president and chief executive officer, and Michael A. Angerthal, executive vice president and chief financial officer, will host a conference call and webcast with the investment community at 10:00.
Virtus Investment (VRTS) reports a marginal decline in AUM for May, majorly attributable to a fall in open-end & closed-end funds.
Virtus Investment (VRTS) April AUM increases on account of favorable market returns.
Virtus Investment Partners (VRTS) came out with quarterly earnings of $4.20 per share, beating the Zacks Consensus Estimate of $3.82 per share. This compares to earnings of $7.87 per share a year ago.