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) has announced a definitive agreement with Amundi, advancing their strategic partnership initially outlined on April 16, 2024. The agreement includes reciprocal 15-year distribution pacts, combining Amundi US (formerly Pioneer Investments) with Victory Capital. Amundi will acquire a 26.1% stake in Victory Capital and will supply non-US manufactured products in the US, while Victory Capital will distribute US-manufactured products globally for Amundi. The deal is expected to close in late Q4 2024 or early 2025, subject to regulatory approvals and shareholder consent. Victory Capital anticipates low-double-digit EPS growth and $100 million in annual cost savings within a year post-closing, alongside a better net leverage ratio due to enhanced cash flow without additional debt.
Victory Capital Holdings (NASDAQ: VCTR) announced the launch of two new active ETFs: VictoryShares WestEnd Global Equity ETF (GLOW) and VictoryShares WestEnd Economic Cycle Bond ETF (BMDL). Managed by its wholly-owned investment adviser, Victory Capital Management, these funds employ a macroeconomic approach from WestEnd Advisors, enhanced with Victory Income Investors' credit selection expertise for BMDL. The launch boosts VictoryShares' ETF offerings to 27 and supports their strategy to deliver innovative investment solutions. As of May 31, 2024, VictoryShares' ETF platform holds approximately $8 billion in AUM, featuring diverse strategies including active equity, fixed income, and systematic ETFs.
Victory Capital has announced its total client assets as of May 31, 2024, amounting to $173.4 billion. This includes $168.5 billion in total assets under management (AUM) and $4.9 billion in other assets.
The average total AUM for May was $167.5 billion, showing a slight increase from April. Specific asset classes saw varied growth, with Solutions reaching $57.9 billion and Global/Non-U.S. Equity at $18.5 billion.
Assets under management saw a rise of $4.85 billion from April to May, driven by increases across multiple asset classes including Mutual Funds and Separate Accounts.
Victory Capital Holdings, Inc. (NASDAQ: VCTR) reported strong first-quarter results with total client assets of $175.5 billion and a 10% increase in the regular quarterly cash dividend to $0.37. The company achieved record levels of long-term gross and net flows, highest quarterly revenue, adjusted EBITDA, and adjusted net income in the past six quarters. Additionally, the company disclosed a potential strategic transaction with Amundi to boost AUM and revenue. Victory Capital focuses on delivering excellent investment performance for clients, with a significant percentage of AUM outperforming benchmarks.
Victory Capital Holdings, Inc. (NASDAQ: VCTR) reported Total Assets Under Management (AUM) of $163.6 billion, Other Assets of $4.7 billion, and Total Client Assets of $168.3 billion as of April 30, 2024. The average Total AUM for April was $166.3 billion, with Solutions being the largest asset class at $55.7 billion. Victory Capital's Total Client Assets cover a diverse range of asset classes including Fixed Income, U.S. Mid Cap Equity, U.S. Small Cap Equity, U.S. Large Cap Equity, Global/Non-U.S. Equity, and Alternative Investments.
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