Virtus Investment Partners reported higher adjusted earnings per share in the latest quarter and for the latest 12-month period, while its adjusted tax rate moved down from the prior-year comparison.
For the quarter ended March 31, 2025, adjusted diluted EPS was $6.38, up from $6.02 a year earlier and down from $8.15 in the immediately preceding quarter. On a 12-month basis, adjusted diluted EPS reached $27.79, compared with $28.82 for the prior 12 months.
Adjusted net income attributable to common stockholders was $45.1 million in the March 2025 quarter, up from $43.8 million a year earlier and down from $58.2 million in the December 2024 quarter. For the trailing 12 months, adjusted net income was $192.6 million, versus $207.8 million in the prior 12-month period.
The company’s adjusted effective tax rate was 18.3% in the March 2025 quarter, compared with 18.2% in the same quarter a year earlier and 20.3% in the December 2024 quarter. For the full 12 months ended March 31, 2025, the adjusted tax rate was 18.5%, down from 19.7% in the prior 12 months.
On a GAAP basis, diluted EPS was $4.05 in the March 2025 quarter, up from $4.10 a year earlier and down from $4.66 in the prior quarter. GAAP net income attributable to common stockholders was $28.6 million, versus $29.9 million a year earlier and $33.3 million in the prior quarter.
Weighted average diluted shares rose to 7.073 million in the March 2025 quarter from 7.287 million a year earlier, then increased to 6.922 million in the June 2025 quarter and 6.857 million in the December 2025 quarter. For the 12 months ended March 31, 2025, diluted shares averaged 7.210 million, up from 6.929 million in the prior 12 months. The market has reacted to these announcements by moving the company's shares 0.53% to a price of $133.20. For the full picture, make sure to review VIRTUS INVESTMENT PARTNERS, INC.'s 8-K report.
