Virtus Investment (VRTS) reported preliminary assets under management of $167.5B and other fee earning assets of $2.1B for total client assets of $169.6B as of March 31. The decrease in AUM from December 31, 2024 primarily reflects market performance and net outflows in U.S. retail mutual funds, institutional accounts and retail separate accounts, partially offset by positive net flows in exchange-traded funds. Preliminary average AUM for the quarter was $173.6B.
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Read More on VRTS:
- Virtus Investment price target lowered to $158 from $220 at TD Cowen
- Virtus Investment price target lowered to $216 from $252 at Piper Sandler
- Virtus Investment price target lowered to $161 from $198 at Morgan Stanley
- Virtus Investment reports total client assets $176.7B as of February 28
- Virtus Investment reports January AUM $177B
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