Shares of Victory Capital Holdings (VCTR - Free Report) rallied 5.1% post announcement of assets under management (AUM) by its subsidiaries of $157.1 billion for April 2021. The results reflect a 1.8% rise from $154.3 billion reported on Mar 31, 2021.
At the end of April, the company’s U.S. Mid Cap Equity AUM increased nearly 5% from March to $30.6 billion. U.S. Small Cap Equity of $20.9 billion rose 3.1%. Further, U.S. Large Cap Equity AUM and Global/Non-U.S. Equity AUM climbed 4.6% and 5.7%, respectively, from the previous month to $15.1 billion and $15.5 billion.
Victory Capital recorded $35.7 billion in Solutions, up 1% from $35.4 billion reported in March. Other assets increased 15.5% to $394 million on a sequential basis. However, Fixed Income assets were $35.7 billion, which declined 2.9%.
Sound positioning of Victory Capital’s integrated multi-boutique business model in a rapidly evolving industry and effectiveness of the distribution platform might keep supporting its performance.
Shares of the company have gained 49.6% over the past six months, outperforming the industry’s 33% rally.
Currently, Victory Capital carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
T. Rowe Price Group (TROW - Free Report) reported preliminary AUM of $1.59 trillion as of Apr 30, 2021. This reflects a 4.9% increase from $1.52 trillion reported in March 2021.
Virtus Investment Partners (VRTS - Free Report) recorded improvement in preliminary AUM balance for April 2021 on favorable markets. The total AUM of $176.2 billion reflects a 4.4% increase from $168.9 billion recorded on Mar 31, 2021.
Franklin Resources (BEN - Free Report) has reported preliminary AUM balance of $1529.3 billion for April 2021. This reflects 2% growth from $1498.9 billion recorded as of Mar 31, 2021.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Shares of Victory Capital Holdings (VCTR - Free Report) rallied 5.1% post announcement of assets under management (AUM) by its subsidiaries of $157.1 billion for April 2021. The results reflect a 1.8% rise from $154.3 billion reported on Mar 31, 2021.
At the end of April, the company’s U.S. Mid Cap Equity AUM increased nearly 5% from March to $30.6 billion. U.S. Small Cap Equity of $20.9 billion rose 3.1%. Further, U.S. Large Cap Equity AUM and Global/Non-U.S. Equity AUM climbed 4.6% and 5.7%, respectively, from the previous month to $15.1 billion and $15.5 billion.
Victory Capital recorded $35.7 billion in Solutions, up 1% from $35.4 billion reported in March. Other assets increased 15.5% to $394 million on a sequential basis. However, Fixed Income assets were $35.7 billion, which declined 2.9%.
Sound positioning of Victory Capital’s integrated multi-boutique business model in a rapidly evolving industry and effectiveness of the distribution platform might keep supporting its performance.
Shares of the company have gained 49.6% over the past six months, outperforming the industry’s 33% rally.
Currently, Victory Capital carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
T. Rowe Price Group (TROW - Free Report) reported preliminary AUM of $1.59 trillion as of Apr 30, 2021. This reflects a 4.9% increase from $1.52 trillion reported in March 2021.
Virtus Investment Partners (VRTS - Free Report) recorded improvement in preliminary AUM balance for April 2021 on favorable markets. The total AUM of $176.2 billion reflects a 4.4% increase from $168.9 billion recorded on Mar 31, 2021.
Franklin Resources (BEN - Free Report) has reported preliminary AUM balance of $1529.3 billion for April 2021. This reflects 2% growth from $1498.9 billion recorded as of Mar 31, 2021.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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