Virtus Investment Partners AUM falls 11% on continued outflows

Virtus Investment Partners

01/05/2026 12:09

Overview

U.S. asset manager's Q1 adjusted EPS missed analyst expectations

Q1 revenue fell 8% yr/yr to $199.5 mln

Company saw $8.4 bln net outflows and AUM drop to $149 bln, citing market performance and outflows

Outlook

Company did not provide specific guidance for the current qtr or full yr

Result Drivers

LOWER AUM AND NET OUTFLOWS - Co said lower average assets under management and continued net outflows, especially in retail separate accounts and institutional channels, reduced revenue and earnings

SEASONAL EMPLOYMENT EXPENSES - Higher operating expenses were mainly due to seasonal employment items, including payroll taxes and annual incentive payments

HIGHER AVERAGE FEE RATE - A higher average fee rate partially offset the impact of lower average AUM on revenue

Company press release: ID:nBw7H1MsSa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$199.50 mln
$183.62 mln (1 Analyst)
Q1 Adjusted EPS
Miss
$5.38
$5.67 (4 Analysts)
Q1 EPS
$1.05
Q1 Net Income
$7.10 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for Virtus Investment Partners Inc is $130.00, about 10.7% below its April 30 closing price of $145.55

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)