Victory Capital Holdings (VCTR - Free Report) reported assets under management (AUM) by its subsidiaries of $164.9 billion for August 2021. The results reflect a 1.3% rise from the $162.9 billion reported on Jul 31, 2021.
At the end of August, the company’s U.S. Mid Cap Equity AUM inched up 1.9% from July to $31.3 billion, while the U.S. Large Cap Equity AUM rose 1.4% sequentially to $15.7 billion. Moreover, the Global/Non-U.S. Equity AUM climbed 2.1% from July to $16.2 billion in August, while the U.S. Small Cap Equity AUM of $20.2 billion edged down marginally.
Victory Capital recorded $41.1 billion in Solutions, up 2% from the $40.3 billion reported in July. The Fixed Income AUM came in at approximately $37 billion, up marginally from the prior month. Other assets decreased 11.8% to $383 million on a sequential basis.
The sound positioning of Victory Capital’s integrated multi-boutique business model in a rapidly-evolving industry and effectiveness of the distribution platform will likely keep supporting its performance in the days to come.
Shares of the company have gained 27.5% over the past six months, outperforming the industry’s 18.8% 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, Inc. (TROW - Free Report) reported preliminary AUM of $1.68 trillion as of Aug 31, 2021. This reflects a 2.4% increase from the prior month’s $1.62 trillion.
Lazard Ltd. (LAZ - Free Report) recorded a 1.6% rise in the preliminary assets under management (AUM), as of Aug 31, 2021, from the previous month. The total AUM balance aggregated $282.8 billion, marking an increase from the prior month’s $278.4 billion.
Franklin Resources (BEN - Free Report) reported a preliminary AUM balance of $ 1,572.1 billion for August. This highlighted a marginal rise from the $1,557.3 billion recorded as of Jul 31, 2021.
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Victory Capital Holdings (VCTR - Free Report) reported assets under management (AUM) by its subsidiaries of $164.9 billion for August 2021. The results reflect a 1.3% rise from the $162.9 billion reported on Jul 31, 2021.
At the end of August, the company’s U.S. Mid Cap Equity AUM inched up 1.9% from July to $31.3 billion, while the U.S. Large Cap Equity AUM rose 1.4% sequentially to $15.7 billion. Moreover, the Global/Non-U.S. Equity AUM climbed 2.1% from July to $16.2 billion in August, while the U.S. Small Cap Equity AUM of $20.2 billion edged down marginally.
Victory Capital recorded $41.1 billion in Solutions, up 2% from the $40.3 billion reported in July. The Fixed Income AUM came in at approximately $37 billion, up marginally from the prior month. Other assets decreased 11.8% to $383 million on a sequential basis.
The sound positioning of Victory Capital’s integrated multi-boutique business model in a rapidly-evolving industry and effectiveness of the distribution platform will likely keep supporting its performance in the days to come.
Shares of the company have gained 27.5% over the past six months, outperforming the industry’s 18.8% 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, Inc. (TROW - Free Report) reported preliminary AUM of $1.68 trillion as of Aug 31, 2021. This reflects a 2.4% increase from the prior month’s $1.62 trillion.
Lazard Ltd. (LAZ - Free Report) recorded a 1.6% rise in the preliminary assets under management (AUM), as of Aug 31, 2021, from the previous month. The total AUM balance aggregated $282.8 billion, marking an increase from the prior month’s $278.4 billion.
Franklin Resources (BEN - Free Report) reported a preliminary AUM balance of $ 1,572.1 billion for August. This highlighted a marginal rise from the $1,557.3 billion recorded as of Jul 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.
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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