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 has successfully completed the acquisition of certain assets from THB Asset Management, enhancing its investment capabilities. THB, managing approximately $555 million in equity assets, focuses on U.S. micro-cap, small-cap, mid-cap, and international strategies. This acquisition marks Victory Capital's 10th investment franchise and emphasizes the company's commitment to socially responsible investing. With a strong performance track record, THB's strategies have outperformed benchmarks over one, three, and five-year periods. This strategic move is expected to bolster Victory's growth and offshore distribution opportunities.
Victory Capital Holdings (NASDAQ: VCTR) announced a repricing of its existing $756 million Term Loan, lowering the interest rate spread by 25 basis points to 2.25% over LIBOR, maintaining a maturity date of July 1, 2026. This marks a total reduction of 100 basis points since the loan's origination in July 2019. The company cites increased free cash flow and a reduced leverage ratio as factors contributing to this repricing, facilitating further capital allocation for growth and shareholder returns. S&P Global Ratings previously revised the credit outlook to positive.
Victory Capital reported strong financial results for Q4 and FY 2020, highlighting record adjusted earnings of $1.07 per share and an adjusted EBITDA margin of 52%. Total AUM increased by 11% to $147.2 billion, driven by positive market actions, despite net outflows of $1.6 billion. The company reduced debt by $344.3 million since July 2019, while also announcing a 29% increase in quarterly dividends. Looking ahead, Victory aims to close the THB Asset Management acquisition, enhancing its investment strategies.
Victory Capital Holdings reported a significant Assets Under Management (AUM) figure of $146.2 billion as of January 31, 2021. This indicates a stable management capability in the asset management sector. The AUM comprised various asset classes, including Fixed Income at $36.8 billion, Solutions at $33.8 billion, and U.S. Mid Cap Equity at $25.9 billion. The figures reflect a marginal decline in some categories compared to December 31, 2020, underscoring the need for strategic adjustments to enhance growth.
Victory Capital Holdings reported assets under management (AUM) of $147.2 billion as of December 31, 2020. This figure reflects a significant increase from $142.5 billion at the end of November 2020. The company's diverse asset management platform includes specialized investment strategies for various clients, including institutions and individual investors. A fourth-quarter financial results announcement is scheduled for February 10, 2021, followed by a conference call on February 11 to discuss these results.
Victory Capital Holdings, Inc. (NASDAQ: VCTR) has appointed Nikhil Sudan as President of the newly established Direct Investor Business. Sudan, previously a Partner at McKinsey & Company, brings extensive experience in wealth and asset management. This strategic hire is expected to enhance Victory Capital's growth opportunities in direct investment services. Starting January 2021, he will be part of the Executive Committee and based in San Antonio. Victory Capital currently manages $142.5 billion in assets and aims to innovate its business model to deliver superior investor experiences.
Victory Capital Holdings, Inc. (NASDAQ: VCTR) reported assets under management (AUM) of $142.5 billion as of November 30, 2020. This represents an increase from $131.1 billion on October 31, 2020. The company’s AUM includes diverse asset classes such as Fixed Income, U.S. Mid Cap Equity, and Mutual Funds. Victory Capital continues to operate a business model that combines boutique investment qualities with an integrated operational platform, serving various investors including institutions and individuals.
Victory Capital Holdings (NASDAQ: VCTR) reported a total of $131.1 billion in assets under management (AUM) as of October 31, 2020.
The company experienced slight fluctuations in various asset classes, including a decrease in U.S. Small Cap Equity, totaling $14.978 billion compared to $14.453 billion the previous month. Other categories like Fixed Income and U.S. Mid Cap Equity also showed minor changes.
Victory Capital operates a diversified asset management model, providing a variety of investment strategies.
Victory Capital has launched a new digital platform aimed at improving user experience for clients. The platform features a modern design, investment tools, and insights from experts. It offers secure account access, personalized chat, and educational resources, particularly for the military community. A new Investment Bonus Program incentivizes account referrals, rewarding participants with $100 for setting up automatic investments. Additionally, the company has expanded its investment offerings by adding a no-load Member Class to 11 existing funds, further diversifying investor options.
Victory Capital (NASDAQ: VCTR) reported record financial results for the quarter and nine months ending September 30, 2020. The company achieved significant growth with a revenue of $188.7 million, despite a 12% year-over-year decrease due to lower average AUM. GAAP net income rose 115% to $55.7 million. Victory Capital announced the acquisition of THB Asset Management, expanding its investment franchises. Also, a 17% increase in quarterly cash dividends and $15 million share repurchase program was introduced, alongside a debt reduction strategy that lowered the leverage ratio to 2.0x.
FAQ
What is the current stock price of Victory Capital Holdings (VCTR)?
What is the market cap of Victory Capital Holdings (VCTR)?
What does Victory Capital Holdings, Inc. do?
How much assets does Victory Capital manage?
What is the VictoryShares ETF brand?
Where is Victory Capital Holdings, Inc. headquartered?
What types of clients does Victory Capital serve?
How does Victory Capital generate its revenue?
What is the business model of Victory Capital?
What types of investment vehicles does Victory Capital offer?
How does Victory Capital support its investment franchises?
Who are the primary beneficiaries of Victory Capital's services?
