We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Victory Capital's (VCTR) April AUM Falls Sequentially to $166B
Read MoreHide Full Article
Victory Capital Holdings (VCTR - Free Report) reported assets under management (AUM) of $166 billion for April 2022. The results reflect a 6.8% fall from $178.1 billion reported as of Mar 31, 2022. This was primarily due to a decline in all asset classes other than alternative investments.
At the end of April, VCTR’s U.S. Mid Cap Equity AUM fell 4.7% from the March reading to $29.1 billion, while the U.S. Large Cap Equity AUM dropped 9.6% sequentially to $13.2 billion. Moreover, the Global/Non-U.S. Equity AUM slid 7.5% from the March reading to $14.5 billion in April, while the U.S. Small Cap Equity AUM of $16.3 decreased 11.9% sequentially.
Victory Capital recorded $54.2 billion in Solutions, down 7.6% from $58.6 billion reported in March. Fixed Income AUM was $31.1 billion, down 6% from the prior month’s figure. Nonetheless, alternative investment assets increased 13.8% to $4.6 billion on a sequential basis.
The sound positioning of Victory Capital’s integrated multi-boutique business model in a rapidly-evolving industry and the effectiveness of the distribution platform might support its performance in the days to come.Yet, unfavorable market performance remains a drag.
The stock's decline of 34.7% has been wider than the industry's fall of 33.7% in the past six months.
Franklin Resources, Inc. (BEN - Free Report) announced its preliminary AUM for April 2022. BEN's month-end AUM of $1,455.8 billion marked a 1.5% decline from the previous month’s figure.
Franklin's AUM was affected by the negative impacts of the markets and long-term net outflows. This was partly offset by the acquisition of Lexington Partners.
Cohen & Steers (CNS - Free Report) reported a preliminary AUM of $98 billion as of Apr 30, 2022, which suggests a decline of 4% from the prior month’s level. Market depreciation of $3.9 billion and distributions of $188 million were partially offset by net inflows of $3 million.
CNS recorded total institutional accounts of $38.9 billion at the end of April, down 5.1% from the March-end level. Of the total institutional accounts, advisory accounts were $22.5 billion, while the rest were sub-advisory.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Victory Capital's (VCTR) April AUM Falls Sequentially to $166B
Victory Capital Holdings (VCTR - Free Report) reported assets under management (AUM) of $166 billion for April 2022. The results reflect a 6.8% fall from $178.1 billion reported as of Mar 31, 2022. This was primarily due to a decline in all asset classes other than alternative investments.
At the end of April, VCTR’s U.S. Mid Cap Equity AUM fell 4.7% from the March reading to $29.1 billion, while the U.S. Large Cap Equity AUM dropped 9.6% sequentially to $13.2 billion. Moreover, the Global/Non-U.S. Equity AUM slid 7.5% from the March reading to $14.5 billion in April, while the U.S. Small Cap Equity AUM of $16.3 decreased 11.9% sequentially.
Victory Capital recorded $54.2 billion in Solutions, down 7.6% from $58.6 billion reported in March. Fixed Income AUM was $31.1 billion, down 6% from the prior month’s figure. Nonetheless, alternative investment assets increased 13.8% to $4.6 billion on a sequential basis.
The sound positioning of Victory Capital’s integrated multi-boutique business model in a rapidly-evolving industry and the effectiveness of the distribution platform might support its performance in the days to come.Yet, unfavorable market performance remains a drag.
The stock's decline of 34.7% has been wider than the industry's fall of 33.7% in the past six months.
Image Source: Zacks Investment Research
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
Franklin Resources, Inc. (BEN - Free Report) announced its preliminary AUM for April 2022. BEN's month-end AUM of $1,455.8 billion marked a 1.5% decline from the previous month’s figure.
Franklin's AUM was affected by the negative impacts of the markets and long-term net outflows. This was partly offset by the acquisition of Lexington Partners.
Cohen & Steers (CNS - Free Report) reported a preliminary AUM of $98 billion as of Apr 30, 2022, which suggests a decline of 4% from the prior month’s level. Market depreciation of $3.9 billion and distributions of $188 million were partially offset by net inflows of $3 million.
CNS recorded total institutional accounts of $38.9 billion at the end of April, down 5.1% from the March-end level. Of the total institutional accounts, advisory accounts were $22.5 billion, while the rest were sub-advisory.