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 reported record financial results for Q4 2021 and the full year, with total AUM reaching $183.7 billion. The company achieved long-term gross flows of $5.5 billion and net outflows of $3.4 billion. GAAP net income was $0.94 per diluted share, while adjusted net income was $1.27 per diluted share. The Board authorized a 47% increase in the quarterly cash dividend. The company's business model showed strong profit margins, with a GAAP operating margin of 39.2% and an adjusted EBITDA margin of 50.2%.
Victory Capital Holdings, Inc. (NASDAQ: VCTR) announced assets under management (AUM) of
Victory Capital Holdings, Inc. (NASDAQ: VCTR) announced the successful acquisition of WestEnd Advisors, effective December 31, 2021. This acquisition marks Victory's third in 2021 and the establishment of its 12th Investment Franchise. WestEnd, based in Charlotte, North Carolina, specializes in core model allocation strategies and offers four primary ETF strategies. Victory Capital currently manages $160.5 billion in assets as of November 30, 2021, and aims to enhance WestEnd's market reach and leverage synergies for growth.
Victory Capital Holdings, Inc. (NASDAQ: VCTR) has announced a new stock repurchase program authorizing the buyback of up to $15 million of its common stock, effective immediately after the current program's completion. This initiative aligns with the company's strategy of utilizing strong cash flow to support growth and return capital to shareholders via buybacks and dividends. Victory Capital holds approximately $160.5 billion in assets under management.
Victory Capital Holdings (NASDAQ: VCTR) reported assets under management (AUM) of $160.5 billion as of November 30, 2021. The AUM represents a significant aspect of the company's performance, showcasing its position in the asset management sector. The company offers a diverse range of investment products, including actively managed mutual funds, separately managed accounts, and ETFs. Victory Capital operates with a model that integrates boutique investment qualities with a centralized operating platform, catering to multiple types of investors and institutions.
Victory Capital (NASDAQ: VCTR) has completed syndication of a $505 million Incremental Term Loan Facility to finance its acquisition of
Victory Capital Holdings, Inc. (NASDAQ: VCTR) announced that its stockholders have approved the elimination of its dual-class share structure during a Special Meeting held on November 19, 2021. Approximately 90% of eligible votes were cast, with 99.99% in favor of the proposal. Following this decision, Class B common stock will convert to Class A common stock on a one-for-one basis, aligning economic and voting rights for all shareholders. The company manages $162.6 billion in assets as of October 31, 2021, and will continue trading under the ticker symbol 'VCTR'.
Victory Capital Holdings (NASDAQ: VCTR) announced a secondary offering of 4,000,000 shares of its Class A common stock priced at $34.00 per share, managed by Crestview Advisors and Reverence Capital Partners. The offering does not include shares sold by Victory Capital itself, nor will the company receive any proceeds. The offering is expected to close on November 22, 2021, pending customary conditions. Additionally, underwriters have a 30-day option to purchase up to 600,000 more shares. As of October 31, 2021, Victory Capital manages $162.6 billion in assets.
Victory Capital Holdings (NASDAQ: VCTR) announced that Crestview Advisors and Reverence Capital Partners plan to sell 4 million shares of Class A common stock in an underwritten secondary offering. The underwriters will have a 30-day option to purchase an additional 600,000 shares. Victory Capital will not receive any proceeds from this offering. BofA Securities and Goldman Sachs are the lead bookrunners. As of October 31, 2021, Victory Capital manages $162.6 billion in assets, employing a model that integrates boutique investment qualities.
Victory Capital Holdings (NASDAQ: VCTR) reported assets under management (AUM) of $162.6 billion as of October 31, 2021. This figure reflects an increase from the previous period's AUM of $159.9 billion as of September 30, 2021, indicating growth in the company's investment capabilities. The diversified asset management firm combines boutique investment qualities with an integrated operating platform to offer a wide range of investment strategies, including actively managed mutual funds, ETFs, and custom solutions.
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