Victory Capital Stock Price, News & Analysis

Victory Capital (NASDAQ: VCTR) has appointed Vice Admiral (Retired) Mary M. Jackson as a Class II Director on its Board. Admiral Jackson, with over three decades of experience in the U.S. Navy, brings extensive expertise in operations, governance, and strategic planning. Her background includes strong leadership in business continuity and compliance, with a focus on environmental, social, and governance (ESG) metrics. Chairman and CEO David Brown expressed confidence in her ability to enhance growth and shareholder value. Victory Capital, managing $153 billion in assets, was recognized as one of the Fortune 100 Fastest-Growing Companies in 2022.

The Victory Capital Performance Center will open in Summer 2023 at The Rock at La Cantera, following a multi-year partnership with the San Antonio Spurs. Victory Capital (NASDAQ: VCTR) has been named the official investment partner of the Spurs. The center, spanning 134,000 square feet, will feature advanced sports technology, including a motion capture shooting lab and hydrotherapy pools. Additionally, it will be the first mass timber constructed training facility in professional sports, emphasizing sustainability with solar energy and water management systems. This partnership aims to enhance community financial wellness initiatives.

Victory Capital Holdings (NASDAQ: VCTR) reported assets under management (AUM) of $153.0 billion as of December 31, 2022, with an average AUM of $154.6 billion for Q4 2022. The company faced challenges, reporting long-term net outflows of -$4.4 billion during the fourth quarter, resulting in total year-to-date net flows of -$2.5 billion. A conference call to discuss the fourth-quarter financial results is scheduled for February 10, 2023.

Victory Capital Holdings, Inc. (NASDAQ: VCTR) reported assets under management (AUM) of $161.5 billion as of November 30, 2022, with an average AUM of $157.1 billion for November. The Company, recognized as one of the Fortune 100 Fastest-Growing Companies in 2022, offers a diversified range of investment products, including mutual funds and ETFs. Their business model integrates boutique investment qualities with a centralized operating platform, catering to institutions and individual investors alike.

Victory Capital Holdings (NASDAQ: VCTR) reported total assets under management (AUM) of $154.7 billion as of October 31, 2022. The average AUM for October was $150.5 billion. The company's AUM has seen a growth from the previous month, where the total assets stood at $147.3 billion. Key categories included Solutions at $51.3 billion, Fixed Income at $26.6 billion, and U.S. Mid Cap Equity at $28.3 billion.

Victory Capital reported significant financial results for Q3 2022, with total assets under management dropping to $147.3 billion, reflecting a decrease of $7.7 billion from the prior quarter. Despite this, the company achieved long-term gross flows of $6.6 billion and net inflows of $1.9 billion year-to-date. The GAAP net income was $72.8 million, or $1.01 per diluted share, while adjusted net income with tax benefit rose to $85.6 million, or $1.19 per diluted share. The Board declared a quarterly cash dividend of $0.25 per share, underlining a commitment to shareholder returns.

Victory Capital Holdings, Inc. (NASDAQ: VCTR) announced the launch of the VictoryShares WestEnd U.S. Sector ETF (MODL). This actively managed ETF reflects WestEnd's U.S. Sector Strategy, aiming for favorable returns through meticulous sector selection based on economic insights. The product offers low account minimums, tax efficiency, and ease of trading. Victory Capital manages $147.3 billion in assets as of September 30, 2022, and continues to expand its investment offerings to meet diverse client needs.

Victory Capital Holdings (NASDAQ: VCTR) reported Assets Under Management (AUM) of $147.3 billion as of September 30, 2022. The average AUM for the third quarter was $158.9 billion. Long-term net flows showed an improvement to -$553 million in Q3, leading to a positive year-to-date total of $1.860 billion. The company will release its financial results on November 3, 2022, followed by a conference call on November 4, 2022.