Victory Capital Stock Price, News & Analysis

Victory Capital Holdings reported assets under management (AUM) of $150.6 billion as of February 28, 2021. This figure reflects a robust asset base, showcasing the firm's diversified investment strategies including mutual funds, ETFs, and separate accounts. AUM increased from $146.2 billion on January 31, 2021. The company employs a next-generation business model, combining boutique investment qualities with a centralized platform to serve various investors, including institutions and individuals.

Victory Capital Holdings (NASDAQ: VCTR) announced that Alderwood Capital LLP has received authorization from the UK Financial Conduct Authority and is now launched for institutional investors. Victory Capital's investment in Alderwood marks its entry into private vehicles and illiquid assets, promising strategic opportunities and potential attractive returns due to favorable fee rates. The company manages $146.2 billion in assets and offers diverse investment strategies through its nine autonomous franchises.

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.