NASDAQ:VCTR

Victory Capital Reports April 2024 Total Client Assets

Retrieved on: 
Thursday, May 9, 2024
Asset Management, Professional Services, Finance, Form, Table, Asset, Management, ETF, VIP, AUM, Security (finance)

2Total AUM includes both discretionary assets under management and non-discretionary assets under advisement and excludes Other Assets.

Key Points: 
  • 2Total AUM includes both discretionary assets under management and non-discretionary assets under advisement and excludes Other Assets.
  • 5Represents only ETF assets held by third parties and excludes ETF assets held by other Victory Capital products.
  • 6Includes low-fee (2 to 4 bps) institutional assets, previously reported in the Solutions asset class within the by asset class table and in Separate Accounts and Other Pooled Vehicles within the by vehicle table.
  • These assets are included as part of Victory’s Regulatory Assets Under Management reported in Form ADV Part 1.

Victory Capital Reports Strong First-Quarter Results

Retrieved on: 
Thursday, May 9, 2024
Asset Management, Professional Services, Finance, Webcast, GAAP, Conference, AUM, Video game

First quarter GAAP net income increased 0.9% to $55.7 million, up from $55.2 million in the prior quarter.

Key Points: 
  • First quarter GAAP net income increased 0.9% to $55.7 million, up from $55.2 million in the prior quarter.
  • On a per-share basis, GAAP net income increased 2.4% to $0.84 per diluted share in the first quarter, versus $0.82 per diluted share in the fourth quarter.
  • Adjusted EBITDA increased $4.8 million to $112.4 million in the first quarter compared to $107.6 million in the fourth quarter.
  • ET and reference the Victory Capital Conference Call.

Amundi and Victory Capital announce plan to establish a strategic partnership:

Retrieved on: 
Tuesday, April 16, 2024
Asset Management, Professional Services, Finance, ETF, Memorandum, Thema International Fund, Webcast, Acquisition, Organization, Growth, Security (finance)

Amundi and Victory Capital (Nasdaq: VCTR) are announcing today that they have signed a Memorandum of Understanding to combine Amundi US into Victory Capital, for Amundi to become a strategic shareholder of Victory Capital, and to establish long-term global distribution agreements.

Key Points: 
  • Amundi and Victory Capital (Nasdaq: VCTR) are announcing today that they have signed a Memorandum of Understanding to combine Amundi US into Victory Capital, for Amundi to become a strategic shareholder of Victory Capital, and to establish long-term global distribution agreements.
  • Amundi US would be combined into Victory Capital in exchange for a 26.1% economic stake for Amundi in Victory Capital, with no cash payment involved.
  • Amundi would become a strategic shareholder of Victory Capital with two of its representatives joining the Victory Capital Board of Directors when the transaction closes.
  • It also would present Victory Capital with a unique opportunity to sell the combined Victory Capital and Amundi US strategies to non-US clients through Amundi’s entire global distribution network and joint ventures.

Victory Capital Reports March 2024 Total Client Assets

Retrieved on: 
Tuesday, April 9, 2024
Asset Management, Professional Services, Finance, Management, VIP, Form, Webcast, Asset, Conference, AUM, ETF, Table, Security (finance)

2Total AUM includes both discretionary assets under management and non-discretionary assets under advisement and excludes Other Assets.

Key Points: 
  • 2Total AUM includes both discretionary assets under management and non-discretionary assets under advisement and excludes Other Assets.
  • 5Represents only ETF assets held by third parties and excludes ETF assets held by other Victory Capital products.
  • These assets are included as part of Victory’s Regulatory Assets Under Management reported in Form ADV Part 1.
  • Victory Capital will report first-quarter 2024 financial results after the market closes on Thursday, May 9, 2024.

Victory Capital Receives Nine 2024 US LSEG Lipper Fund Awards

Retrieved on: 
Thursday, March 14, 2024
Banking, Professional Services, Finance, Classification

The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.

Key Points: 
  • The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
  • The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months.
  • The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award.
  • Only one share class (the one with the best Lipper Leader score) is used for each portfolio in determining asset class awards.

Victory Capital Reports February 2024 Total Client Assets

Retrieved on: 
Monday, March 11, 2024
Asset Management, Professional Services, Finance, Management, VIP, Form, Asset, AUM, ETF, Table, Security (finance)

2Total AUM includes both discretionary asset under management and non-discretionary assets under advisement and excludes Other Assets.

Key Points: 
  • 2Total AUM includes both discretionary asset under management and non-discretionary assets under advisement and excludes Other Assets.
  • Excludes ETF assets held by other Victory Capital products.
  • 6Includes low-fee (2 to 4 bps) institutional assets, previously reported in the Solutions asset class and in Separate Accounts and Other Pooled Vehicles.
  • These assets are included as part of Victory’s Regulatory Assets Under Management reported in Form ADV Part 1.

Victory Capital Reports January 2024 Assets Under Management

Retrieved on: 
Monday, February 12, 2024
REIT, Finance, Professional Services, Construction & Property, Human Resources, VIP, Table, AUM, ETF, Security (finance)

1Total AUM includes both discretionary and non-discretionary client assets.

Key Points: 
  • 1Total AUM includes both discretionary and non-discretionary client assets.
  • Due to rounding, numbers presented in these tables may not add up precisely to the totals provided.
  • 4Represents only ETF assets held by third parties.
  • Excludes ETF assets held by other Victory Capital products.

Victory Capital Reports Strong Fourth-Quarter and Full-Year 2023 Results

Retrieved on: 
Thursday, February 8, 2024
Other Consumer, Construction & Property, Human Resources, Finance, Banking, REIT, Professional Services, Family, Consumer, Other Professional Services, Webcast, AUM, Conference, Depreciation, GAAP, Video game

Adjusted EBITDA was $107.6 million in the fourth quarter, compared to $107.2 million in the third quarter.

Key Points: 
  • Adjusted EBITDA was $107.6 million in the fourth quarter, compared to $107.2 million in the third quarter.
  • Adjusted EBITDA margin expanded 120 basis points in the fourth quarter of 2023 to 52.3%, compared with 51.1% in the prior quarter.
  • Revenue for the three months ended December 31, 2023 increased 2.1% to $205.8 million, compared with $201.5 million in the same quarter of 2022.
  • For the year ended December 31, 2023, adjusted EBITDA declined 1.5% to $418.0 million, compared with $424.2 million in 2022.

Victory Capital Reports December 2023 Assets Under Management

Retrieved on: 
Wednesday, January 10, 2024
REIT, Finance, Professional Services, Construction & Property, Human Resources, ETF, VIP, Table, AUM, Conference, Webcast, Security (finance)

Excludes ETF assets held by other Victory Capital products.

Key Points: 
  • Excludes ETF assets held by other Victory Capital products.
  • Victory Capital will report Fourth-quarter 2023 financial results after the market closes on Thursday, February 8, 2024.
  • Victory Capital’s earnings release and supplemental materials will be available on the investor relations section of the Company’s website at https://ir.vcm.com before the conference call begins.
  • ET and reference the Victory Capital Conference Call.

Milton Berlinski To Resign from Victory Capital Holdings Board of Directors

Retrieved on: 
Friday, December 29, 2023
Consulting, Asset Management, Professional Services, Finance, Investment banking, Goldman Sachs, Insurance, Growth, Reverence, Security (finance)

Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today announced that Milton Berlinski will be stepping down from the Company’s Board of Directors on December 31, 2023, after nine years of service.

Key Points: 
  • Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today announced that Milton Berlinski will be stepping down from the Company’s Board of Directors on December 31, 2023, after nine years of service.
  • In 2014, Mr. Berlinski led Reverence Capital Partners’ (“Reverence”) successful investment in Victory Capital.
  • Earlier this year, private equity funds managed by Reverence divested substantially all of their shares in Victory Capital.
  • Following such divestments and after consultation with Victory Capital Chairman and CEO David Brown, Mr. Berlinski has decided to step down from the Board on December 31, 2023.