Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Virtus Investment Partners (VRTS) due to higher revenues, with a focus on how actual results will compare to estimates [1][2] Earnings Expectations - The upcoming earnings report is expected to show earnings of $7.59 per share, reflecting a +24.2% change year-over-year, and revenues of $213.63 million, which is a 10.5% increase from the previous year [3] Estimate Revisions - The consensus EPS estimate has been revised down by 3.25% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a negative Earnings ESP of -3.19%, suggesting that analysts have lowered their expectations for the company's earnings [10][11] Historical Performance - In the last reported quarter, Virtus exceeded the expected earnings of $6.81 per share by delivering $6.92, resulting in a surprise of +1.62%. Over the last four quarters, the company has beaten consensus EPS estimates twice [12][13] Investment Considerations - Despite the potential for an earnings beat, the combination of a negative Earnings ESP and a Zacks Rank of 3 makes it challenging to predict a positive outcome for the upcoming earnings report [11][16]

Virtus Investment Partners (VRTS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the ...

Core Insights - Vertiqal Studios has announced a collaboration with Viral Nation to enhance social media and content creation strategies in 2025, focusing on growth through acquisitions and co-production initiatives [1][10]. Group 1: Acquisition Details - Vertiqal Studios has acquired four high-performing Instagram channels from Viral Nation, adding 1,773,000 followers to its existing audience of 52 million, with 73% of followers based in the United States [2]. - The acquisition was completed under an asset purchase agreement (APA) for a total consideration of US$150,000, which includes US$50,000 in cash and US$100,000 through the issuance of 5,737,200 common shares at a deemed price of $0.025 per share [3]. Group 2: Revenue-Sharing Model - The APA establishes a revenue-sharing model where Vertiqal Studios will retain 70% of the revenue generated from media driven by Viral Nation through its channel network, while Viral Nation will receive 30% [6]. Group 3: Technology and Content Production - Viral Nation will provide Vertiqal Studios with access to its technology solutions, enhancing media sales strategies and analytics capabilities [7]. - The two companies will co-produce original content aimed at engaging Gen Z and Millennial audiences, leveraging their combined creative expertise and networks [9]. Group 4: Strategic Importance - This collaboration marks a significant milestone for Vertiqal Studios, reinforcing its position as a leading entity in the digital media landscape and emphasizing its commitment to growth and innovation [10][11].

Company Overview - Virtus Investment Partners, Inc. (VRTS) experienced a 1% decline in shares following a report of a decrease in assets under management (AUM) for October 2024, with a month-end AUM of $179.41 billion, down 2.4% from September 30, 2024, attributed to unfavorable market performance [1] - The company manages an additional $2.3 billion in other fee-earning assets, which is not included in the AUM figure [1] Performance Breakdown - In October, the open-end fund balance decreased by 2.6% to $56.6 billion, while the closed-end fund balance fell by 1.3% to $10.3 billion [2] - Institutional accounts saw a 3% decline to $62.7 billion, and retail separate accounts decreased by 1.6% to $49.8 billion [2] Market Position - The integrated multi-boutique business model of Virtus Investment is expected to support its performance in a rapidly growing industry, although elevated operating expenses may negatively impact the bottom line in the near term [3] - Over the past six months, shares of Virtus Investment have increased by 4.1%, which is significantly lower than the industry growth of 30.1% [3] Competitive Landscape - Franklin Resources, Inc. (BEN) reported a preliminary month-end AUM of $1.63 trillion as of October 31, 2024, reflecting a 2.9% decrease from the prior month due to unfavorable market returns and long-term net outflows of $18.5 billion [5] - Invesco (IVZ) announced a month-end AUM of $1.77 trillion for October 2024, representing a 1.3% decline from the previous month, with net long-term inflows of $2 billion [6][7]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value VRTS New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: ...

Financial Data and Key Metrics Changes - The company reported a total assets under management (AUM) increase of 6% to $183.7 billion, driven by market performance and positive net flows [6][12] - The operating margin improved to 34.4%, up from 32.5% in the previous quarter, marking the highest level in two years [10][19] - Adjusted earnings per share increased by 6% to $6.92, the highest since Q1 2022 [10][20] Business Line Data and Key Metrics Changes - Retail separate accounts generated positive net flows of $0.4 billion, with a 5% organic growth rate over the past year [8][16] - Global funds AUM increased by 29% year-over-year, with 7% organic growth [13] - ETF AUM grew by 88% year-over-year, with 65% organic growth [13] Market Data and Key Metrics Changes - Institutional net outflows improved to $1.1 billion from $1.7 billion sequentially, primarily driven by redemptions of lower fee mandates [7][16] - Open-end fund net outflows improved to $1 billion from $1.3 billion in the previous quarter, mainly due to positive flows in fixed income strategies [8][16] Company Strategy and Development Direction - The company continues to focus on organic growth opportunities in retail separate accounts, ETFs, and global funds, while also exploring M&A opportunities to add capabilities [27][28] - New product introductions include actively managed ETFs and private credit CLO ETFs, reflecting a strategy to meet growing demand in these areas [5][29] Management Comments on Operating Environment and Future Outlook - Management noted that the fourth quarter could experience volatility due to tax considerations and the election cycle, making it difficult to predict flows [23] - Positive trends in retail separate accounts, global funds, and ETFs are expected to continue, with a strong pipeline for institutional flows despite current known redemptions exceeding known wins [9][23] Other Important Information - The company has maintained a disciplined approach to capital management, increasing share buybacks and dividends while investing in business growth [11][22] - The average fee rate remained stable at 41.9 basis points, reflecting solid investment performance and differentiated product offerings [17] Q&A Session Summary Question: Insights on fourth quarter flows - Management indicated that October trends are positive, but volatility is expected in November and December due to various factors [23] Question: Adjusted operating expenses outlook - Management confirmed that the current level of operating expenses is appropriate for modeling, with ongoing efforts to streamline costs [24] Question: Inorganic growth and M&A conversations - Management emphasized that while organic growth is prioritized, they are exploring M&A opportunities to enhance capabilities, particularly in private markets [27] Question: Capital allocation and new product opportunities - Management expressed confidence in the ongoing development of new products, particularly in ETFs and global funds, to meet market demand [29] Question: Affiliate ownership increase impact - Management explained that ownership in an affiliate increased to approximately 80%, which will impact non-controlling interests moving forward [33] Question: Institutional pipeline and flow outlook - Management noted that outflows are primarily due to reallocations rather than terminations, and they remain optimistic about the institutional pipeline [37]

THIRD QUARTER EARNINGS PRESENTATION October 25, 2024 George R. Aylward President and Chief Executive Officer Michael A. Angerthal Executive Vice President and Chief Financial Officer IMPORTANT DISCLOSURES 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 statements" within the meaning of The Private Securities Litigation Reform Act o ...

Virtus Investment Partners (VRTS) came out with quarterly earnings of $6.92 per share, beating the Zacks Consensus Estimate of $6.81 per share. This compares to earnings of $6.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.62%. A quarter ago, it was expected that this asset management company would post earnings of $6.61 per share when it actually produced earnings of $6.53, delivering a surprise of -1.21%.Over the last ...

(1) See the information beginning on page 10 for reconciliations to the most directly comparable U.S. GAAP measures and other important disclosures News Release Virtus Investment Partners Announces Financial Results for Third Quarter 2024 ▪ Earnings Per Share - Diluted of $5.71; Earnings Per Share - Diluted, as Adjusted, of $6.92 ▪ Total Sales of $6.6B; Net Flows of ($1.7B); Assets Under Management of $183.7B Hartford, CT, October 25, 2024 - Virtus Investment Partners, Inc. (NYSE: VRTS) today reported finan ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a me ...