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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) has reported its Total Client Assets for January 2025. The company achieved Total Assets Under Management (AUM) of $176.5 billion, Other Assets of $4.0 billion, and Total Client Assets of $180.5 billion as of January 31, 2025.
The breakdown shows Solutions leading with $65.4 billion, followed by U.S. Mid Cap Equity at $31.4 billion, and Fixed Income at $24.3 billion. By vehicle type, Mutual Funds dominated with $115.6 billion, while Separate Accounts reached $52.0 billion, and ETFs stood at $8.9 billion.
Average figures for January included Total AUM of $174.1 billion, Other Assets of $4.1 billion, and Total Client Assets of $178.2 billion, showing growth from December 2024's total of $176.1 billion.
Victory Capital (NASDAQ: VCTR) reported record fourth-quarter and full-year 2024 results, with total client assets reaching $176.1 billion. The company achieved its highest-ever adjusted earnings per diluted share ($1.45), adjusted EBITDA ($125.5 million), and adjusted EBITDA margin (54.0%) for both Q4 and full-year periods.
Key Q4 metrics include long-term gross flows of $6.6 billion, net outflows of $1.7 billion, and a GAAP operating margin of 48.1%. The Board authorized a 7% increase in quarterly cash dividend to $0.47 per share and approved a new $200 million share repurchase program.
The company is progressing with its strategic relationship with Amundi Asset Management, including the acquisition of its U.S. business (former Pioneer Investments), expected to close by Q1 2025 with anticipated expense synergies of $100 million. Investment performance remained strong, with 73% and 79% of AUM outperforming benchmarks over 5 and 10-year periods respectively.
Victory Capital Holdings (NASDAQ: VCTR) reported Total Client Assets of $176.1 billion as of December 31, 2024, comprising $171.9 billion in Assets Under Management (AUM) and $4.2 billion in Other Assets. The company experienced net outflows of -$1.7 billion in long-term AUM during the fourth quarter.
The AUM breakdown by asset class shows: Solutions at $62.6 billion, Fixed Income at $24.4 billion, U.S. Mid Cap Equity at $30.6 billion, U.S. Small Cap Equity at $14.8 billion, U.S. Large Cap Equity at $14.1 billion, Global/Non-U.S. Equity at $19.1 billion, and Alternative Investments at $3.0 billion. By vehicle type, Mutual Funds led with $113.6 billion, followed by Separate Accounts at $50.8 billion, and ETFs at $7.5 billion.
Victory Capital (NASDAQ: VCTR) has announced a new $200 million share repurchase program running through December 31, 2026, marking the largest buyback initiative in the company's history. This announcement follows the completion of their previous $100 million stock repurchase program approved in Q4 2023. The company will execute purchases through open market or private transactions, with timing and volume dependent on factors including share price, trading volume, and market conditions. CEO David Brown emphasized that this program aligns with their growth strategy, supporting earnings and cash flow growth while rewarding shareholders through both buybacks and dividends.
Victory Capital Holdings (NASDAQ: VCTR) reported its November 2024 assets data, showing Total Client Assets of $184.0 billion. This includes $179.7 billion in Assets Under Management (AUM) and $4.3 billion in Other Assets. The company's average Total Client Assets for November were $180.7 billion.
By asset class, Solutions led with $64.5 billion, followed by U.S. Mid Cap Equity at $33.3 billion and Fixed Income at $24.9 billion. By vehicle type, Mutual Funds dominated with $118.8 billion, while Separate Accounts and Other Pooled Vehicles held $53.4 billion, and ETFs accounted for $7.6 billion.
Victory Capital Holdings (NASDAQ: VCTR) has launched the VictoryShares Free Cash Flow Growth ETF (GFLW), a new rules-based ETF tracking the Victory Free Cash Flow Growth Index. The fund focuses on high-quality, large-cap growth companies with strong free cash flow (FCF) generation potential.
GFLW joins the company's FCF ETF suite alongside VictoryShares Free Cash Flow ETF (VFLO) and VictoryShares Small Cap Free Cash Flow ETF (SFLO). The index methodology screens companies based on historical and projected free cash flows, targeting those with highest FCF over invested capital and strong growth prospects.
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.
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