Victory Capital Stock Price, News & Analysis

Victory Capital has announced that it will release its second-quarter 2024 financial results after the market closes on August 8, 2024. The release will be followed by a conference call on August 9, 2024, at 8:00 a.m. ET. Investors and analysts can access the earnings release and supplemental materials from Victory Capital's investor relations website. The conference call can be joined by dialing 1-888-330-3571 (domestic) or 1-646-960-0657 (international). A live webcast will also be available on the company's website, and a replay will be accessible shortly after the call concludes.

Victory Capital (NASDAQ: VCTR) announced its Total Client Assets were $173.8 billion as of June 30, 2024. This includes $168.7 billion in Assets Under Management (AUM) and $5.1 billion in Other Assets. In June, the average Total AUM was $168.7 billion, and the average Total Client Assets were $173.8 billion. The company recorded long-term AUM net flows of -$1.7 billion for the second quarter.

By asset class, Solutions assets were $58.9 billion, Fixed Income $24.4 billion, U.S. Mid Cap Equity $31.0 billion, U.S. Small Cap Equity $15.2 billion, U.S. Large Cap Equity $14.0 billion, Global/Non-U.S. Equity $18.5 billion, and Alternative Investments $3.4 billion. By vehicle, Mutual Funds totaled $112.6 billion, Separate Accounts and Other Pooled Vehicles $50.7 billion, and ETFs $5.4 billion.

Victory Capital will release its second-quarter 2024 financial results on August 1, 2024, and hold a conference call on August 2, 2024, at 8:00 a.m. ET.

Victory Capital Holdings (NASDAQ: VCTR) has announced a definitive agreement with Amundi, advancing their strategic partnership initially outlined on April 16, 2024. The agreement includes reciprocal 15-year distribution pacts, combining Amundi US (formerly Pioneer Investments) with Victory Capital. Amundi will acquire a 26.1% stake in Victory Capital and will supply non-US manufactured products in the US, while Victory Capital will distribute US-manufactured products globally for Amundi. The deal is expected to close in late Q4 2024 or early 2025, subject to regulatory approvals and shareholder consent. Victory Capital anticipates low-double-digit EPS growth and $100 million in annual cost savings within a year post-closing, alongside a better net leverage ratio due to enhanced cash flow without additional debt.

Victory Capital Holdings (NASDAQ: VCTR) announced the launch of two new active ETFs: VictoryShares WestEnd Global Equity ETF (GLOW) and VictoryShares WestEnd Economic Cycle Bond ETF (BMDL). Managed by its wholly-owned investment adviser, Victory Capital Management, these funds employ a macroeconomic approach from WestEnd Advisors, enhanced with Victory Income Investors' credit selection expertise for BMDL. The launch boosts VictoryShares' ETF offerings to 27 and supports their strategy to deliver innovative investment solutions. As of May 31, 2024, VictoryShares' ETF platform holds approximately $8 billion in AUM, featuring diverse strategies including active equity, fixed income, and systematic ETFs.

Victory Capital has announced its total client assets as of May 31, 2024, amounting to $173.4 billion. This includes $168.5 billion in total assets under management (AUM) and $4.9 billion in other assets.

The average total AUM for May was $167.5 billion, showing a slight increase from April. Specific asset classes saw varied growth, with Solutions reaching $57.9 billion and Global/Non-U.S. Equity at $18.5 billion.

Assets under management saw a rise of $4.85 billion from April to May, driven by increases across multiple asset classes including Mutual Funds and Separate Accounts.

Victory Capital Holdings, Inc. (NASDAQ: VCTR) reported strong first-quarter results with total client assets of $175.5 billion and a 10% increase in the regular quarterly cash dividend to $0.37. The company achieved record levels of long-term gross and net flows, highest quarterly revenue, adjusted EBITDA, and adjusted net income in the past six quarters. Additionally, the company disclosed a potential strategic transaction with Amundi to boost AUM and revenue. Victory Capital focuses on delivering excellent investment performance for clients, with a significant percentage of AUM outperforming benchmarks.

Victory Capital Holdings, Inc. (NASDAQ: VCTR) reported Total Assets Under Management (AUM) of $163.6 billion, Other Assets of $4.7 billion, and Total Client Assets of $168.3 billion as of April 30, 2024. The average Total AUM for April was $166.3 billion, with Solutions being the largest asset class at $55.7 billion. Victory Capital's Total Client Assets cover a diverse range of asset classes including Fixed Income, U.S. Mid Cap Equity, U.S. Small Cap Equity, U.S. Large Cap Equity, Global/Non-U.S. Equity, and Alternative Investments.