Core Insights - Virtus Investment Partners, Inc. is a well-established investment management firm with a multi-manager approach and a focus on quantitative analysis [1] Group 1: Analyst Sentiment - The consensus price target for Virtus has remained stable at $175, indicating a uniform outlook among analysts [2][6] - There has been a year-over-year increase in the consensus price target from $165.83 to $175, reflecting a positive shift in analyst sentiment [3][6] - Morgan Stanley has a more bullish price target of $221, indicating confidence in Virtus's growth prospects [2][5] Group 2: Financial Performance - In Q2 2025, Virtus reported revenues of $210.5 million, representing a 6% decrease year-over-year and a 3% decline from Q1 2025 [4][6] - Operating expenses decreased by 8% to $165.3 million compared to the prior year [4] - Despite the revenue downturn, Virtus received an upgrade to a Zacks Rank 2 (Buy), suggesting growing optimism about future earnings potential [5][6]

Our forward-looking statements are based on a series of expectations, assumptions and projections about the company and the markets in which we operate, are not guarantees of future results or performance, and involve substantial risks and uncertainty, including assumptions and projections concerning our assets under management, net asset inflows and outflows, operating cash flows, business plans and ability to borrow, for all future periods. All of our forward-looking statements are as of the date of this ...

分组1 - Virtus Investment Partners reported quarterly earnings of $6.69 per share, missing the Zacks Consensus Estimate of $6.71 per share, and down from $6.92 per share a year ago, representing an earnings surprise of -0.30% [1] - The company posted revenues of $196.69 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 0.11%, and down from $205.13 million year-over-year [2] - Virtus has surpassed consensus EPS estimates three times over the last four quarters but has not beaten consensus revenue estimates during the same period [2] 分组2 - The stock has underperformed the market, losing about 19.6% since the beginning of the year compared to the S&P 500's gain of 14.6% [3] - The current consensus EPS estimate for the coming quarter is $6.71 on revenues of $196.95 million, and for the current fiscal year, it is $25.46 on revenues of $782.44 million [7] - The Zacks Industry Rank for Financial - Investment Management is in the top 22% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - Revenues for Q3 2025 were $216.4 million, a decrease of 5% from $227.0 million in Q3 2024, but an increase of 3% from $210.5 million in Q2 2025[3] - Net income attributable to Virtus Investment Partners, Inc. was $31.9 million, down 22% from $41.0 million in Q3 2024 and down 25% from $42.4 million in Q2 2025[3] - Total revenues decreased by 5% to $216,385,000 compared to $227,029,000 in the same quarter last year[24] - Net income attributable to Virtus Investment Partners, Inc. decreased by 22% to $31,926,000 compared to $40,980,000 in the prior year[24] - Earnings per share (diluted) decreased by 19% to $4.65 from $5.71 year-over-year[24] - Operating income (loss) for Q3 2025 was $47,060, a decrease of 14.8% from $55,258 in Q3 2024[30] - Adjusted operating income for Q3 2025 was $64,969, compared to $70,468 in Q3 2024, reflecting a decline of 7.1%[30] - The adjusted net income for Q3 2025 was $45,941, compared to $49,643 in Q3 2024, reflecting a decrease of 7.5%[31] Assets Under Management - Total assets under management decreased to $169.3 billion, an 8% decline from $183.7 billion in Q3 2024 and a 1% decrease from $170.7 billion in Q2 2025[6] - Assets under management totaled $169,325,000,000, a decrease from $183,742,000,000 at the end of the previous year[25] - Open-End Funds saw a slight decrease in assets under management, ending at $55,724,000,000 compared to $58,100,000,000 a year ago[25] - Institutional Accounts decreased to $55,936,000,000 from $64,600,000,000 year-over-year[25] - The ending balance for Total Assets Under Management was $183,742 million as of 9/30/2024, decreasing to $169,325 million by 9/30/2025[27] Cash and Debt Management - Cash and cash equivalents increased by 90% year-over-year to $370.6 million, up from $195.5 million in Q3 2024[18] - Gross debt rose to $400.0 million, a 65% increase from $241.8 million in Q3 2024[18] - The company completed a refinancing of its credit arrangement, securing a new $400.0 million senior secured loan and a $250.0 million revolving credit facility[18] Expenses and Dividends - Total operating expenses decreased by 1% to $169,325,000 compared to $171,771,000 in the same quarter last year[24] - Employment expenses for Q3 2025 were $98,807, down from $105,555 in Q3 2024, a decrease of 6.9%[31] - Cash dividends declared per common share increased by 7% to $2.40 from $2.25 in the previous year[24] - Interest expense decreased by 9% to $5,299,000 from $5,807,000 year-over-year[24] Flows and Fees - Net flows were negative at ($3.9) billion, unchanged from the prior quarter, with institutional net flows of ($1.5) billion and retail separate account net flows of ($1.2) billion[8] - Investment management fees fell by 5% to $183,762,000 from $193,843,000 year-over-year[24] - Average management fees for Open-End Funds decreased from 49.7 basis points in 9/30/2024 to 47.0 basis points in 9/30/2025[26] - Institutional Accounts experienced net outflows of $(1,130) million for the three months ended 9/30/2025, with a beginning balance of $62,146 million[27] - Inflows for Retail Separate Accounts totaled $2,260 million in 9/30/2024, with outflows of $(1,829) million during the same period[27] Tax and Other Income - The effective tax rate increased to 29% from 22% in the prior quarter, reflecting higher income tax valuation allowances[12] - The effective tax rate for Q3 2025 was 29.5%, an increase from 24.3% in Q3 2024[30] - Total other income (expense), net for Q3 2025 was $(12,120), compared to $(28) in Q3 2024[31] - Consolidated investment products generated losses of $2,834 in Q3 2025, slightly up from $2,736 in Q3 2024[30] Forward-Looking Statements and Risks - Forward-looking statements indicate expectations regarding assets under management, net asset inflows, and business plans, but involve substantial risks and uncertainties[45] - The company faces risks including reduction in assets under management, financial risks from strategic transactions, and challenges in attracting key personnel[46] - The company does not plan to update forward-looking statements to reflect actual results or changes in circumstances after the release date[49] - The company emphasizes the importance of considering various risk factors that may impact financial results and liquidity[48]

Oct 24, 2025 7:00 AM Eastern Daylight Time Virtus Investment Partners Announces Financial Results for Third Quarter 2025 Share HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NYSE: VRTS) today reported financial results for the three months ended September 30, 2025. Financial Highlights (Unaudited) | (in millions, except per share data or as noted) | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | Three Months Ended | ThreeMonthsEnded | | | | | | | 9/30/2025 | 9/30/2024 | | Cha ...

The market expects Virtus Investment Partners (VRTS) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expecte ...

Investors might want to bet on Virtus Investment Partners (VRTS) , as it has been recently upgraded 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 Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since ...

Core Insights - Virtus Investment Partners reported preliminary assets under management (AUM) of $169.3 billion and total client assets of $171.1 billion as of September 30, 2025, reflecting a decrease from previous months due to net outflows in various accounts [1][2]. Summary by Category Assets Under Management - As of September 30, 2025, total AUM was $169.3 billion, down from $170.6 billion in August and $170.7 billion in June 2025 [1][2]. - The breakdown of AUM by product type includes: - Open-End Funds: $55.724 billion - Closed-End Funds: $10.867 billion - Retail Separate Accounts: $46.798 billion - Institutional Accounts: $55.936 billion [2]. - AUM by asset class shows: - Equity: $92.066 billion - Fixed Income: $39.750 billion - Multi-Asset: $22.078 billion - Alternatives: $15.431 billion [2]. Performance Factors - The decrease in AUM from June 30, 2025, was attributed to net outflows in U.S. retail funds, institutional accounts, and retail separate accounts, which were partially offset by market performance and positive net flows in exchange-traded funds [1][2]. Company Overview - Virtus Investment Partners is a partnership of boutique investment managers focused on the long-term success of individual and institutional investors, offering a range of investment products and services [3].

Core Insights - Vertiqal Studios has announced a strategic partnership with HSAD to enhance virtual production capabilities and scalable content solutions [1][4] - The collaboration will utilize HSAD's advanced Virtual Production Studio, which features LG's Magnit Micro LED technology for high-resolution backgrounds [2][5] - This partnership aims to provide innovative marketing solutions and expand client access to virtual production services [4][5] Company Overview - Vertiqal Studios is a digital publisher and social-first production studio focused on creating trend-driven content and immersive experiences [6] - HSAD is a full-service global advertising agency under the LG Group, specializing in brand marketing and virtual production services [8] Partnership Benefits - The partnership allows Vertiqal to execute high-impact productions efficiently, without the overhead of constant operations [3][4] - HSAD gains access to Vertiqal's media sales expertise, facilitating broader client engagement and service adoption [4] - Both companies are positioned for larger-scale opportunities, enabling Vertiqal to pursue multi-million-dollar activations [4][5] Future Plans - Vertiqal is set to produce content for major sports leagues in November 2025 using HSAD's Virtual Production Studio [5] - The collaboration aims to expand the scope of content delivery across digital and experiential channels, focusing on efficiency and creative excellence [5]

Vertiqal Studios Corp. Appoints Award-Winning Advertising and Marketing Executive Steven Moy to Board of DirectorsOctober 07, 2025 9:01 AM EDT | Source: Vertiqal StudiosToronto, Ontario--(Newsfile Corp. - October 7, 2025) - Vertiqal Studios Corp. (TSX: VRTS) (FSE: 9PY0) ("Vertiqal" or the "Company"), a leading digital-channel network and video-production studio, as well as the owner of North America's largest gaming and lifestyle network on social media, is pleased to announce that award-winni ...