Virtus Investment Partners (VRTS) came out with quarterly earnings of $5.73 per share, beating the Zacks Consensus Estimate of $5.33 per share. This compares to earnings of $5.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.50%. A quarter ago, it was expected that this asset management company would post earnings of $7.48 per share when it actually produced earnings of $7.50, delivering a surprise of 0.27%.Over the last f ...

News Release Virtus Investment Partners Announces Financial Results for First Quarter 2025 Hartford, CT, April 25, 2025 - Virtus Investment Partners, Inc. (NYSE: VRTS) today reported financial results for the three months ended March 31, 2025. Financial Highlights (Unaudited) (in millions, except per share data or as noted) | | | | | | | | Three Months | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | Three Months Ended | | | | Ended | | | | | 3/31/2025 | | 3/31/2024 | Change | | 12/31/202 ...

Company Overview - Virtus Investment Partners (VRTS) is headquartered in Hartford and operates in the Finance sector, experiencing a price change of -31.55% since the beginning of the year [3] - The company currently pays a dividend of $2.25 per share, resulting in a dividend yield of 5.96%, which is significantly higher than the Financial - Investment Management industry's yield of 3.36% and the S&P 500's yield of 1.76% [3] Dividend Performance - The current annualized dividend of Virtus Investment Partners is $9, reflecting a 13.2% increase from the previous year [4] - Over the past five years, the company has increased its dividend five times on a year-over-year basis, achieving an average annual increase of 29.31% [4] - The current payout ratio is 34%, indicating that the company paid out 34% of its trailing 12-month earnings per share as dividends [4] Earnings Expectations - The Zacks Consensus Estimate for earnings in fiscal year 2025 is $27.87 per share, with an expected increase of 5.85% from the previous year [5] Investment Appeal - VRTS is considered an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 2 (Buy) [7]

Vertiqal Studios Reports Significant Financial Improvement in 2024, Reducing Net Loss by 95% April 01, 2025 9:19 AM EDT | Source: Vertiqal Studios Toronto, Ontario--(Newsfile Corp. - April 1, 2025) - Vertiqal Studios Corp. (TSX: VRTS) (OTC Pink: VERTF) (FSE: 9PY0) ("the Company") — Vertiqal Studios, a leading digital-channel network and video-production studio, as well as the owners of North America's largest gaming and lifestyle network on social media, is pleased to announce its financial results for the ...

Assets Under Management - Total assets under management as of December 31, 2024, reached $175.0 billion, with open-end funds accounting for $56.1 billion and institutional accounts for $59.2 billion[31] - Retail separate accounts totaled $49.5 billion, while closed-end funds accounted for $10.2 billion as of December 31, 2024[31] - The company reported $2.3 billion in other fee-earning assets not included in total assets under management[40] Investment Management Fees - Investment management fees for 2024 totaled $773.8 million, reflecting an increase from $711.5 million in 2023[41] - The company derives substantially all of its revenues from investment management, distribution, service, administration, and shareholder service fees, which are based on the market value of assets under management[222] Investment Strategies - The company offers a diverse range of investment strategies across various asset classes, including equity, fixed income, and alternatives, managed by differentiated investment managers[22] - As of December 31, 2024, the largest investment manager, Kayne Anderson Rudnick Investment Management, managed $67.9 billion in assets, representing a significant portion of the total[24] - The company utilizes a multi-manager model, providing investment managers with distribution, business, and operational support[21] Financial Risks and Market Conditions - As of December 31, 2024, the fair value of investment securities is $83.771 million, and a 10% change in fair values would result in a corresponding $8.377 million change in pre-tax earnings[223] - The company's net interest in CIP is valued at $199.720 million, with a potential $19.972 million change in pre-tax earnings for a 10% change in fair values[223] - The total investments subject to market risk amount to $283.491 million, with a potential $28.349 million change in pre-tax earnings for a 10% change in fair values[223] - The company has approximately $180.1 million invested in fixed- and floating-rate income products, with a hypothetical 100 basis point change in interest rates potentially affecting fair value by an estimated $2.4 million[225] - As of December 31, 2024, the company has $236.1 million outstanding under its Term Loan, with a 100 basis point change in the base rate potentially altering annual interest expense by an estimated $2.4 million[226] Workforce and Talent Management - The company employs 805 individuals across its offices in the U.S., U.K., and Singapore, focusing on creating an environment of excellence and opportunity[63] - The company emphasizes competitive salaries and a comprehensive suite of benefits to attract and retain talented individuals[64] - The company is committed to maintaining a diverse and inclusive work environment, supporting workforce diversity and community engagement[65] Regulatory Compliance - The company is subject to extensive regulatory compliance requirements, which may increase operational costs and necessitate additional resources[62] Future Outlook - Future outlook includes addressing known risks such as competition and regulatory changes that could impact financial results and liquidity[18] - The company emphasizes the importance of attracting and retaining key personnel to maintain competitive advantage in the investment management industry[18]

Core Insights - Vertiqal Studios has launched Vertiqal Labs, a new creator network aimed at empowering digital talent and enhancing monetization opportunities for creators [1][5] - The initiative is designed to support creators in developing content and expanding their reach across major social media platforms, leveraging Vertiqal Studios' extensive audience [2][4] Group 1: Company Overview - Vertiqal Studios is North America's largest owner of gaming and lifestyle social media channels, specializing in viral video creation and distribution [6][7] - The company manages over 130 channels across platforms like TikTok, Instagram, and Snapchat, producing more than 100 pieces of content daily for an audience exceeding 52 million followers [7] Group 2: Vertiqal Labs Features - Vertiqal Labs will provide creators with tools and resources to develop original content, allowing them to establish themselves as recognizable voices in digital entertainment [3] - The program aims to create a sustainable career model for creators by enabling them to produce content consistently, thus generating reliable revenue streams [3] Group 3: Advertising Opportunities - Vertiqal Labs will also benefit advertisers by offering access to both creator-generated content and high-production branded content from Vertiqal Studios' internal teams [4] - This dual approach allows brands to engage authentically with Gen Z and Millennial consumers, fostering meaningful connections [4]

Core Insights - Vertiqal Studios has engaged Quartermast Advisors as its buy-side M&A advisor to identify and execute strategic media acquisitions aimed at accelerating growth and expanding market presence [1][2][5] - The company aims to leverage acquisitions to enhance content capabilities, expand audience reach, and strengthen its data-driven monetization model [2][4] - Recent acquisitions include Offbeat Studios in December 2023 and four high-performing social channels from Viral Nation in December 2024, indicating a commitment to growth through targeted acquisitions [3][5] Company Overview - Vertiqal Studios is one of North America's largest owners of gaming and lifestyle social media channels, specializing in the creation and distribution of viral videos for brands [7][8] - The company manages over 130 channels across platforms like TikTok, Instagram, and Snapchat, producing over 100 pieces of content daily for an audience exceeding 52 million followers [8] - Vertiqal Studios partners with major brands such as RBC, Samsung, and Coca-Cola to develop strategic solutions and innovative advertising [8] Advisory Firm Overview - Quartermast Advisors is a boutique M&A advisory firm specializing in media, technology, and the creator economy, providing strategic guidance for executing transactions [9] - The firm brings extensive experience in mergers and acquisitions, which will assist Vertiqal Studios in navigating the dynamic media industry [4][5]

分组1 - Virtus Investment Partners reported quarterly earnings of $7.50 per share, exceeding the Zacks Consensus Estimate of $7.48 per share, and up from $6.11 per share a year ago, representing an earnings surprise of 0.27% [1] - The company posted revenues of $212.01 million for the quarter ended December 2024, which missed the Zacks Consensus Estimate by 0.29%, compared to year-ago revenues of $193.38 million [2] - Over the last four quarters, Virtus has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [2] 分组2 - The stock has underperformed the market, losing about 4.3% since the beginning of the year, while the S&P 500 gained 3.2% [3] - The current consensus EPS estimate for the coming quarter is $5.85 on revenues of $201.74 million, and for the current fiscal year, it is $28.27 on revenues of $827.14 million [7] - The Zacks Industry Rank for Financial - Investment Management is currently in the bottom 18% of over 250 Zacks industries, indicating potential challenges for the sector [8]

FOURTH QUARTER EARNINGS PRESENTATION January 31, 2025 George R. Aylward President and Chief Executive Officer Michael A. Angerthal Executive Vice President and Chief Financial Officer IMPORTANT DISCLOSURES AGENDA 3 ■ Overview of Quarter ■ Results ■ Q & A Session OVERVIEW OF QUARTER This presentation contains statements that are, or may be considered to be, forward-looking statements. All statements that are not historical facts, including statements about our beliefs or expectations, are "forward-looking st ...

Financial Performance - Revenues for Q4 2024 were $233.5 million, a 9% increase from $214.6 million in Q4 2023[2] - Operating income increased by 30% to $50.7 million compared to $39.0 million in the same quarter last year[2] - Net income attributable to Virtus Investment Partners was $33.3 million, up 8% from $30.8 million in Q4 2023[2] - Earnings per share (diluted) were $4.66, an 11% increase from $4.21 in Q4 2023[2] - Total revenues rose by 9% year-over-year to $233,494,000 for the three months ended December 31, 2024[22] - Operating income increased by 30% year-over-year to $50,721,000 for the three months ended December 31, 2024[22] - Net income attributable to Virtus Investment Partners, Inc. was $33,294,000, an 8% increase compared to the same period last year[22] - Cash dividends declared per common share increased by 18% to $2.25 for the three months ended December 31, 2024[22] - Total operating expenses (as adjusted) for the three months ended December 31, 2024, were $137.560 million, an increase from $129.524 million in the same period of 2023, reflecting a 6.3% rise[28] - Income tax expense (as adjusted) for the three months ended December 31, 2024, was $19.972 million, compared to $17.337 million in the same period of 2023, representing a 9.5% increase[29] Assets Under Management (AUM) - Total assets under management (AUM) were $175.0 billion, a 2% increase from $172.3 billion year-over-year[4] - Average total assets under management increased by 12% to $182.1 billion from $162.7 billion in the prior year[4] - Assets under management totaled $175,001,000,000 as of December 31, 2024, reflecting a decrease from the previous quarter[23] - Open-End Funds reported $56,073,000,000 in assets under management as of December 31, 2024, a slight decrease from the previous quarter[23] - Institutional accounts saw a decrease in assets under management to $59,167,000,000 as of December 31, 2024[23] - The average assets under management for total products increased to $182,088,000,000 for the three months ended December 31, 2024[23] - Total assets under management (AUM) increased from $162,539 million on 12/31/2023 to $172,259 million on 12/31/2024, reflecting a growth of approximately 5.3%[26] Net Flows - Net flows for the quarter were negative at ($4.8) billion, compared to ($3.8) billion in Q4 2023, primarily due to a $3.3 billion lower-fee partial redemption[6] - Net flows for Open-End Funds showed a decline of $1,116 million for the three months ended 12/31/2024, compared to a decline of $1,965 million for the same period in 2023[26] - Institutional Accounts experienced net outflows of $3,802 million for the three months ended 12/31/2024, compared to net outflows of $2,227 million for the same period in 2023[26] - The company reported total inflows of $25,857 million for the twelve months ended 12/31/2024, compared to $26,757 million for the previous year[26] Operating Metrics - Operating margin improved to 21.7%, up from 18.2% in the same quarter last year[2] - Operating margin (as adjusted) for the three months ended December 31, 2024, was 35.1%, compared to 33.0% in the same period of 2023, showing an improvement of 2.1 percentage points[28] - The effective tax rate (as adjusted) for the three months ended December 31, 2024, was 26.6%, compared to 27.2% in the same period of 2023, showing a slight improvement[29] Expenses - The company reported a 43% increase in income tax expense to $19,047,000 for the three months ended December 31, 2024[22] - Total other operating expenses amounted to $7,330 million for the three months ended December 31, 2024, up from $5,689 million in the same period of 2023, representing an increase of 28.8%[38] - Employment expense fair value adjustments increased to $1,141 million for the three months ended December 31, 2024, compared to $472 million for the same period in 2023, reflecting a significant rise of 141%[38] - Acquisition and integration expenses for the three months ended December 31, 2024, totaled $2.553 million, down from $3.050 million in the same period of 2023, reflecting a decrease of 16.3%[36] Forward-Looking Statements and Risks - Forward-looking statements indicate expectations regarding assets under management and net asset inflows, but actual results may differ materially due to various risks and uncertainties[44] - The company faces risks including potential reductions in assets under management and challenges in attracting and retaining key personnel, which could adversely affect financial results[45] - The company does not plan to update or revise forward-looking statements based on actual results or changes in circumstances after the date of the release[47] - Investors are encouraged to consider all factors that may impact the company's operations and financial results, as discussed in periodic reports filed with the SEC[46] Non-GAAP Measures - Non-GAAP financial measures are utilized by management to provide additional insight into the company's financial performance, although they have limitations and should not be viewed in isolation[27] - The adjusted revenues exclude the impact of operating activities of consolidated investment products, focusing on fee revenues from investment management and related services[40] - Adjusted operating expenses exclude amortization or impairment of intangible assets and certain other expenses not reflective of ongoing earnings generation[41] - The adjusted operating margin is calculated as adjusted operating income divided by adjusted revenues, providing a measure of efficiency[42]