Victory Capital Stock Price, News & Analysis

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.

Victory Capital (NASDAQ: VCTR) announced a definitive agreement to acquire 100% of WestEnd Advisors, enhancing its investment capabilities. This acquisition marks Victory Capital's 12th Investment Franchise, adding a tax-efficient product lineup with approximately $18 billion in assets. The $480 million upfront payment, along with potential deferred earnouts, indicates the expected growth potential. The acquisition is projected to close by year-end 2021 and will be immediately accretive to earnings, aligning with ongoing industry trends favoring ETF use and fee-based revenue models.

Victory Capital (VCTR) reported Q3 2021 financial results with total assets under management (AUM) of $159.9 billion, a decrease of 1.3% driven by negative market action. The company achieved revenue of $226.3 million, a 19.9% year-over-year increase, and a GAAP net income of $1.00 per diluted share. Notably, operating margin expanded to 43.7%, while adjusted EBITDA margin rose to 50.8%. The board announced a 13% increase in quarterly cash dividends to $0.17 per share. Overall, the company has sustained strong investment performance and positive net inflows for the second consecutive quarter.

Victory Capital Holdings, Inc. (NASDAQ: VCTR) has successfully completed the acquisition of New Energy Capital Partners (NEC), marking a significant milestone as it expands its investment franchises. This acquisition is set to enhance earnings and growth opportunities in alternative investments, particularly in clean energy infrastructure. NEC, established in 2004, is noted for its impressive environmental impact, offsetting over 4.4 million metric tons of carbon dioxide equivalents last year. With this transaction, Victory Capital adds its 11th Investment Franchise to its portfolio, positioning itself within a growing asset class.

Victory Capital Holdings announced assets under management (AUM) of $159.9 billion as of September 30, 2021. The firm achieved positive net total flows and net long-term flows during the third quarter. A conference call to discuss the third-quarter financial results is scheduled for November 5, 2021, after reporting results on November 4, 2021. The company operates a diversified global asset management model, providing various investment strategies and vehicles to a wide range of clients.

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.