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 the launch of its direct investor brand, Victory Capital InVest, alongside the introduction of Marketplace, a new open architecture brokerage platform. This platform offers investors access to trade stocks, mutual funds, and ETFs, including those from Victory Capital. Additionally, the company plans to unveil a digital investing platform later this year that provides model portfolios tailored to individual goals. Investors will benefit from zero commissions on most online trades and potential investment bonuses for asset transfers. As of March 31, 2023, Victory Capital manages approximately $158.6 billion in assets and was recognized in the Fortune 100 Fastest-Growing Companies list for 2022.
Victory Capital Holdings (NASDAQ: VCTR) reported assets under management (AUM) of
Victory Capital Holdings, Inc. (NASDAQ: VCTR) announced it received eight 2023 US Refinitiv Lipper Fund Awards based on risk-adjusted returns ending November 30, 2022. CEO David Brown highlighted the recognition as a testament to the firm's commitment to delivering excellent long-term returns. The awards honor funds with superior risk-adjusted performance compared to peers. Victory Capital manages $157.7 billion in assets as of February 28, 2023, and has been recognized on the Fortune 100 Fastest-Growing Companies list for 2022.
Victory Capital Holdings has announced a new stock repurchase program, allowing for the repurchase of up to $100 million of its common stock through March 31, 2025. This decision follows the completion of a previous buyback program of the same amount initiated in May 2022. The repurchases will be made opportunistically based on market conditions, share availability, and company performance. As of February 28, 2023, Victory Capital manages approximately $157.7 billion in assets and ranks among the Fortune 100 Fastest-Growing Companies for two consecutive years.
Victory Capital Holdings, Inc. (NASDAQ: VCTR) announced its assets under management (AUM) totaled $157.7 billion as of February 28, 2023. The average AUM for February was $160.2 billion. The company experienced declines in several asset classes compared to January, including Solutions down from $54.7 billion to $52.8 billion and U.S. Mid Cap Equity from $29.9 billion to $29.5 billion. Despite these decreases, Victory Capital has been recognized on the Fortune list of fastest-growing companies for two consecutive years.
Victory Capital (NASDAQ: VCTR) announced plans to enhance its Direct Investor Business by introducing brokerage capabilities in early Q2 2023. This expansion aims to provide their loyal investor base with more flexibility by allowing investments in mutual funds, ETFs, and individual stocks. A digital investing platform will also be launched, enabling personalized model portfolios. Concurrently, the rebranding initiative will rename the USAA Mutual Funds Trust to "Victory Portfolios III" and introduce the "Victory Income Investors" name for the USAA Investments Franchise. As of January 31, 2023, Victory Capital managed $161.4 billion in assets.
Victory Capital Holdings (NASDAQ: VCTR) has achieved significant recognition in the investment sector, ranking first in the Mixed Asset category and second in the U.S. Equity category in Barron’s Best Fund Families for the year ending December 31, 2022. This marks the highest ranking for Victory Capital in this annual evaluation, being its fourth top-10 appearance and eighth in the top 25. As of January 31, 2023, the firm managed
Victory Capital Holdings, Inc. (NASDAQ: VCTR) announced that its assets under management (AUM) reached
Victory Capital Holdings reported its Q4 2022 financial results with total Assets Under Management (AUM) of $153.0 billion, reflecting a 3.9% increase from Q3 2022. Q4 long-term gross flows were $6.5 billion, while net long-term flows declined to -4.4 billion. GAAP operating margin fell to 39.5%, and GAAP net income decreased 28.2% to $52.3 million, or $0.74 per diluted share. The adjusted net income with a tax benefit was $1.05 per diluted share. Conversely, the board increased the quarterly cash dividend by 28% to $0.32.
Victory Capital (NASDAQ: VCTR) has appointed Vice Admiral (Retired) Mary M. Jackson as a Class II Director on its Board. Admiral Jackson, with over three decades of experience in the U.S. Navy, brings extensive expertise in operations, governance, and strategic planning. Her background includes strong leadership in business continuity and compliance, with a focus on environmental, social, and governance (ESG) metrics. Chairman and CEO David Brown expressed confidence in her ability to enhance growth and shareholder value. Victory Capital, managing $153 billion in assets, was recognized as one of the Fortune 100 Fastest-Growing Companies in 2022.
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