BUZZ-Virtus Investment Partners slides after Q4 results

Reuters
11 hours ago
BUZZ-Virtus Investment Partners slides after Q4 results

** Shares of investment management firm Virtus Investment Partners VRTS.N fall $4.43% to $144.28

** Co posts revenue of $208 million in the three months ended December 31, compared with $234 million, a year earlier

** Reports Q4 adj EPS of $6.50 in the three months ended December 31, compared with adj EPS $7.50, a year earlier

** Institutional sales fell to $1.4 bln from $2.0 bln in Q3, reflecting weaker demand amid reduced collateralized loan obligation issuance

** 1 of 4 analysts rate stock "strong buy" or "buy", 1 "hold" and 2 "sell"; their median PT is $169.50 - data compiled by LSEG

** Including session's move, VRTS down 24.8% in the last 12 months.

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com;))

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