Welcome to our dedicated page for Victory Capital Holdings news (Ticker: VCTR), a resource for investors and traders seeking the latest updates and insights on Victory Capital Holdings stock.
Victory Capital Holdings, Inc. (symbol: VCTR) is a leading independent investment management firm. Leveraging a next-generation, integrated multi-boutique business model, Victory Capital manages a substantial $62.3 billion in assets as of June 30, 2018. The company’s unique structure is made up of nine autonomous investment franchises, each fostering its own independent culture and distinct investment approach. This setup allows investment professionals to focus solely on delivering superior investment results, free from the encumbrances of other operational responsibilities.
Victory Capital offers a diversified range of investment solutions, including a prominent rules-based solutions platform that features the VictoryShares ETF brand. Moreover, the firm provides custom and multi-asset class strategies, catering to the varied needs of its clientele. The company’s robust infrastructure supports a centralized distribution, marketing, and operational framework, which benefits its franchises and solutions platform.
With a broad spectrum of asset classes and investment vehicles such as separately managed accounts, collective trusts, mutual funds, ETFs, and UMA/SMA vehicles, Victory Capital serves a wide range of clients. These include institutional investors, financial advisors, and retirement platforms. The company’s revenues are primarily derived from asset-based fees related to its investment management products and services.
Headquartered in San Antonio, Texas, Victory Capital has established itself as a significant player in the investment management industry. The firm’s commitment to achieving investment excellence and delivering tailored financial solutions underscores its operational philosophy and market presence.
Victory Capital Holdings (NASDAQ: VCTR) reported Total Client Assets of $176.5 billion as of October 31, 2024, comprising $172.3 billion in Assets Under Management (AUM) and $4.2 billion in Other Assets. The company's average Total Client Assets for October were $179.6 billion. Assets are distributed across various categories, with Solutions being the largest at $61.4 billion, followed by U.S. Mid Cap Equity at $31.3 billion. By vehicle type, Mutual Funds represent the largest portion at $114.4 billion, followed by Separate Accounts at $51.2 billion.
Victory Capital (VCTR) reported strong Q3 2024 financial results with total client assets reaching $181.1 billion. The company achieved record quarterly adjusted earnings per diluted share of $1.35, with GAAP operating margin at 53.3% and adjusted EBITDA margin at 53.7%. Revenue increased 7.6% year-over-year to $225.6 million. The Board authorized a 7% increase in quarterly cash dividend to $0.44 per share. The company maintained strong investment performance with 73% and 77% of AUM outperforming benchmarks over 5- and 10-year periods, respectively. Integration work with Amundi continues, with anticipated closing in Q1 2025 and expected $100 million in annualized expense synergies.
Victory Capital Holdings, Inc. (NASDAQ: VCTR) announced that stockholders approved all proposals related to the previously announced contribution agreement with Amundi at the Special Meeting held on October 11, 2024. David Brown, Chairman and CEO, expressed gratitude for shareholder support and highlighted this as a significant milestone towards completing the Amundi transaction, expected to close in Q1 2025. He reaffirmed guidance of $100 million in expense synergies, expected to be fully realized within two years, with the majority achieved in the first year. The transaction remains subject to customary closing conditions, including regulatory approvals and Amundi US client consents. Integration is reportedly progressing as planned.
Victory Capital Holdings (NASDAQ: VCTR) reported Total Assets Under Management (AUM) of $176.1 billion, Other Assets of $5.0 billion, and Total Client Assets of $181.1 billion as of September 30, 2024. The company experienced long-term AUM net flows of -$2.6 billion for the third quarter. Average Total AUM for September was $173.8 billion, with average Other Assets at $5.0 billion and average Total Client Assets at $178.7 billion.
The report breaks down AUM by asset class and vehicle type, with Solutions being the largest category at $62.5 billion. Mutual Funds represent the largest vehicle type at $117.0 billion. Victory Capital will report its third-quarter 2024 financial results on November 7, 2024, followed by a conference call on November 8 at 8:00 a.m. ET.
Victory Capital Holdings, Inc. (NASDAQ: VCTR) reported its Total Client Assets for August 2024. The company's Total Assets Under Management (AUM) reached $173.8 billion, with Other Assets at $4.9 billion, bringing Total Client Assets to $178.8 billion as of August 31, 2024. The average Total AUM for August was $171.1 billion, while average Total Client Assets stood at $176.0 billion.
The report provides a breakdown of assets by class and vehicle. Notable figures include Solutions at $61.3 billion, U.S. Mid Cap Equity at $32.1 billion, and Fixed Income at $24.9 billion. By vehicle, Mutual Funds led with $115.9 billion, followed by Separate Accounts and Other Pooled Vehicles at $51.6 billion.
Victory Capital Holdings, Inc. (NASDAQ: VCTR) reported its Total Client Assets for July 2024. The company's Total Assets Under Management (AUM) reached $172.1 billion, with Other Assets at $4.8 billion, bringing Total Client Assets to $177.0 billion as of July 31, 2024. The average Total AUM for July was $170.8 billion, average Other Assets were $5.0 billion, and average Total Client Assets stood at $175.7 billion.
The report provides a detailed breakdown of assets by class and vehicle. Notable figures include Solutions at $59.9 billion, U.S. Mid Cap Equity at $31.9 billion, and Fixed Income at $24.8 billion. By vehicle, Mutual Funds led with $114.9 billion, followed by Separate Accounts and Other Pooled Vehicles at $51.3 billion.
Victory Capital Holdings (NASDAQ: VCTR) reported strong Q2 2024 results with record earnings per share. Key highlights include:
- Total client assets of $173.8 billion
- GAAP operating margin of 50.4%
- GAAP net income per diluted share of $1.12
- Adjusted EBITDA margin of 53.0%
- Adjusted net income with tax benefit per diluted share of $1.31
The company announced a strategic partnership with Amundi, combining Amundi's US business into Victory Capital. The Board authorized an 11% increase in quarterly cash dividend to $0.41. Investment performance remained strong, with 60%, 77%, and 79% of AUM outperforming benchmarks over 3-, 5-, and 10-year periods, respectively.
Cognizant (NASDAQ: CTSH) has announced a five-year strategic collaboration with Victory Capital Holdings, Inc. (NASDAQ: VCTR), a global asset management firm. Cognizant will provide Victory Capital with technology infrastructure, security, and data and analytics capabilities, including infrastructure management, security engineering, a 24/7 security operations center, and comprehensive service desk support.
The collaboration aims to deliver reliable, scalable, and secure IT solutions, with Cognizant committed to providing new service management capabilities, improved service productivity, cost savings, and scalability support for Victory Capital's business growth. This extends a decade-long partnership between the two companies, during which Cognizant has assisted Victory Capital in transforming its IT landscape and implementing technology for its new headquarters in San Antonio, Texas.
Victory Capital has announced that it will release its second-quarter 2024 financial results after the market closes on August 8, 2024. The release will be followed by a conference call on August 9, 2024, at 8:00 a.m. ET. Investors and analysts can access the earnings release and supplemental materials from Victory Capital's investor relations website. The conference call can be joined by dialing 1-888-330-3571 (domestic) or 1-646-960-0657 (international). A live webcast will also be available on the company's website, and a replay will be accessible shortly after the call concludes.
Victory Capital (NASDAQ: VCTR) announced its Total Client Assets were $173.8 billion as of June 30, 2024. This includes $168.7 billion in Assets Under Management (AUM) and $5.1 billion in Other Assets. In June, the average Total AUM was $168.7 billion, and the average Total Client Assets were $173.8 billion. The company recorded long-term AUM net flows of -$1.7 billion for the second quarter.
By asset class, Solutions assets were $58.9 billion, Fixed Income $24.4 billion, U.S. Mid Cap Equity $31.0 billion, U.S. Small Cap Equity $15.2 billion, U.S. Large Cap Equity $14.0 billion, Global/Non-U.S. Equity $18.5 billion, and Alternative Investments $3.4 billion. By vehicle, Mutual Funds totaled $112.6 billion, Separate Accounts and Other Pooled Vehicles $50.7 billion, and ETFs $5.4 billion.
Victory Capital will release its second-quarter 2024 financial results on August 1, 2024, and hold a conference call on August 2, 2024, at 8:00 a.m. ET.
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