Victory Capital Stock Price, News & Analysis

Victory Capital Holdings (NASDAQ: VCTR) reported assets under management (AUM) of $176.8 billion as of January 31, 2022. This reflects a decrease from $183.7 billion on December 31, 2021. Despite this, the company remains recognized for its growth, ranking ninth on Fortune’s list of the 100 Fastest Growing Companies for 2021. Victory Capital manages a diverse range of investment products, including mutual funds, ETFs, and alternative investments, through its 12 autonomous Investment Franchises.

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 $183.7 billion as of December 31, 2021. The company experienced negative net flows during the fourth quarter. A conference call is scheduled for February 11, 2022 to discuss fourth-quarter financial results. Victory Capital, recognized for its diversified asset management capabilities, ranked ninth in Fortune’s list of the 100 Fastest Growing Companies for 2021.

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 WestEnd Advisors. This facility will have an interest rate tied to LIBOR, with a floor of 50 basis points, and is set to mature in 2028. The CEO highlighted the strong confidence investors have in the company’s growth strategy, evidenced by the favorable terms replicating previous loan conditions. The acquisition and funding are expected to close by year-end, pending approvals.

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.