Welcome to our dedicated page for Victory Capital news (Ticker: VCTR), a resource for investors and traders seeking the latest updates and insights on Victory Capital stock.
Victory Capital Holdings, Inc. (NASDAQ: VCTR) is a diversified global asset management firm headquartered in San Antonio, Texas. The VCTR news feed on Stock Titan aggregates company-issued updates and market-moving announcements so readers can follow how this asset manager is evolving across its investment franchises and solutions platform.
News about Victory Capital frequently covers assets under management (AUM) and total client assets, with regular monthly and quarterly updates that break down AUM by asset class, vehicle, and region. These releases detail long-term and money market/short-term assets, flows, and the mix across solutions, fixed income, U.S. equity segments, global and non-U.S. equity, and alternative investments. Investors can use these disclosures to track changes in the firm’s scale, flows, and product mix over time.
VCTR news also includes quarterly earnings press releases, which present GAAP and non-GAAP financial results, such as revenue, operating margin, net income, Adjusted EBITDA, and Adjusted net income with tax benefit. These updates often discuss investment performance versus benchmarks, Morningstar ratings for mutual funds and ETFs, and commentary on business drivers, including acquisitions and integration progress.
In addition, Victory Capital issues announcements on strategic developments, such as the acquisition of Amundi US, the reintroduction of the Pioneer Investments brand, the expansion of its UCITS lineup through a strategic partnership with Amundi, and changes to its ETF product range, including planned ETF liquidations. Capital management actions, including dividends, share repurchase authorizations, and amendments to credit agreements, are also common topics.
By following the VCTR news page, readers can monitor AUM trends, product changes, strategic transactions, and financial performance updates that shape Victory Capital’s position in the global asset management industry.
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.
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