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 announced assets under management (AUM) of
Victory Capital Holdings (NASDAQ: VCTR) has launched three new active ETFs under the VictoryShares brand, incorporating Environmental, Social, and Governance (ESG) criteria. The ETFs include the VictoryShares ESG Corporate Bond ETF (UCRD), VictoryShares ESG Core Plus Bond ETF (UBND), and VictoryShares THB Mid Cap ESG ETF (MDCP). UCRD and UBND focus on yield from corporate and intermediate-term bonds, while MDCP targets high-quality mid-cap stocks. As of August 31, 2021, Victory Capital manages $164.9 billion in assets across various investment strategies.
Victory Capital Holdings, Inc. (NASDAQ: VCTR) has announced that its Board of Directors has approved amendments to eliminate the dual-class share structure, pending shareholder approval at a special meeting on November 19, 2021. This change aims to align voting rights with economic interests, potentially simplify the capital structure, and enhance index eligibility, broadening investor appeal. Currently, Class B shares offer ten votes per share compared to one for Class A. The majority of Class B shareholders indicate support for the proposal, which would convert Class B shares into Class A shares upon approval.
Victory Capital Holdings (NASDAQ: VCTR) reports assets under management (AUM) of
Victory Capital Holdings (NASDAQ: VCTR) announced its acquisition of 100% of New Energy Capital Partners (NEC), marking its 11th Investment Franchise. This acquisition focuses on alternative investments, particularly in clean energy infrastructure. The transaction, expected to close in Q4 2021, is projected to be immediately accretive to earnings. NEC, founded in 2004, specializes in both debt and equity investments within renewable energy, boasting a diversified portfolio and a strong 17-year performance track record.
Victory Capital Holdings, Inc. (NASDAQ: VCTR) reported its assets under management (AUM) at $162.9 billion as of July 31, 2021. The firm operates a diversified asset management model, integrating boutique investment qualities with a centralized platform. Key asset classes include solutions at $40.3 billion, fixed income at $36.7 billion, and various equities. The company offers a wide range of investment vehicles, including actively managed mutual funds and ETFs. Victory Capital emphasizes its tailored investment strategies across different segments.
Victory Capital (NASDAQ: VCTR) reported robust financial results for the quarter ended June 30, 2021. Revenue surged by 22% to $221.9 million, driven by increased average assets under management (AUM) of $161.9 billion, a 4.9% rise. The company also marked its fourth consecutive quarter of revenue and earnings growth, with net income rising 54.9% to $69.3 million. Adjusted EBITDA increased 5.1% to $112.2 million, maintaining a margin of 50.6%. Additionally, Victory Capital announced a 25% increase in its quarterly dividend, reflecting strong cash flow and financial stability.
Victory Capital Holdings (NASDAQ: VCTR) announced the launch of the Victory Hashdex Nasdaq Crypto Index Fund LLC, a private fund tracking the Nasdaq Crypto Index, aimed at U.S. accredited investors seeking digital asset exposure. The Company has also filed for an ETF version of this strategy with the SEC. This fund offers multi-coin access, daily liquidity at NAV, and Nasdaq index governance for thorough vetting and regular rebalancing. Victory Capital manages $161.9 billion in assets and provides diverse investment strategies across various platforms.
Victory Capital Holdings (NASDAQ: VCTR) has released its inaugural Corporate Social Responsibility (CSR) report, highlighting significant initiatives aimed at benefiting stakeholders. The report outlines the company’s Responsible Investing approach, detailing practices in human capital development and ESG factor integration in investment decisions. As of June 30, 2021, Victory Capital manages $161.9 billion in assets, offering diverse investment strategies through its 10 Investment Franchises and a Solutions Platform. For further insights, the full report is accessible here.
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?
