Virtus Investment Shares Fall After 1Q Profit Disappoints, Revenue Slips

Dow Jones05-01

By Connor Hart

Shares of Virtus Investment Partners fell after the company notched lower profit and revenue in the first quarter, and adjusted earnings missed expectations.

The stock sank 11%, to $129.56, on Friday, extending its year-to-date slump to more than 20%.

The company posted a profit of $7.13 million, or $1.05 a share, down from $28.6 million, or $4.05 a share, a year earlier.

Stripping out one-time items, earnings came in at $5.38 a share. Analysts polled by FactSet expected adjusted earnings of $5.67 a share.

Revenue fell 8.4%, to $199.5 million.

Total assets under management at the end of the quarter stood at $149.03 billion, down from $159.49 billion in the prior quarter. The company attributed the decline to market performance and net outflows in retail separate accounts, institutional and U.S. retail funds.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

May 01, 2026 10:21 ET (14:21 GMT)

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