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Victory Capital February AUM Falls on Lower Equity Assets
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Victory Capital Holdings (VCTR - Free Report) has announced assets under management (AUM) by its subsidiaries of $142.4 billion for February 2020. Results display a nearly 5% fall from $150.3 billion recorded as of Jan 31, 2020.
At the end of February, the company’s U.S. Mid Cap Equity AUM decreased 9.4% from January-end to $23.2 billion. Also, U.S. Small Cap Equity and Global / Non-U.S. Equity declined 9.6% and 7.4%, respectively. Further, U.S. Large Cap Equity AUM decreased 8.6% from January to $12.7 billion.
However, Fixed Income assets were $38.9 billion, almost stable sequentially. Victory Capital recorded $29.3 billion in Solutions, which were down 7% from $31.5 billion reported in January.
Other assets were down 11.8% to $179 million. Money Market Assets were $11.8 billion, up 1.7% on a sequential basis.
Sound positioning of Victory Capital’s integrated multi-boutique business model in a rapidly evolving industry and the effectiveness of its distribution platform might keep supporting its performance.
Shares of the company have lost 9% over the past six months compared with a 19.4% decline recorded by the industry.
Franklin Resources (BEN - Free Report) announced preliminary AUMby its subsidiaries of $656.5 billion for February 2020. Results displayed a 4.6% decrease from $688 billion recorded as of Jan 31, 2020. Net outflows and negative market returns led to the decline. Further, the reported figure dropped 8.1% year over year.
LPL Financial Holdings Inc.’s (LPLA - Free Report) total brokerage and advisory assets of $736.6 billion at the end of February 2020 declined 4% from the prior month but increased 9% year over year. Of the total brokerage and advisory assets, brokerage assets were $380.9 billion, while advisory assets totaled $355.7 billion.
Invesco’s (IVZ - Free Report) preliminary February-end AUM of $1,159.4 billion reflects a decline of 4.9% from the previous month. The decline was due to unfavorable market returns, net long-term outflows and net outflows in money market AUM, partly offset by net inflows in non-management fee earning AUM and reinvested distributions.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Victory Capital February AUM Falls on Lower Equity Assets
Victory Capital Holdings (VCTR - Free Report) has announced assets under management (AUM) by its subsidiaries of $142.4 billion for February 2020. Results display a nearly 5% fall from $150.3 billion recorded as of Jan 31, 2020.
At the end of February, the company’s U.S. Mid Cap Equity AUM decreased 9.4% from January-end to $23.2 billion. Also, U.S. Small Cap Equity and Global / Non-U.S. Equity declined 9.6% and 7.4%, respectively. Further, U.S. Large Cap Equity AUM decreased 8.6% from January to $12.7 billion.
However, Fixed Income assets were $38.9 billion, almost stable sequentially. Victory Capital recorded $29.3 billion in Solutions, which were down 7% from $31.5 billion reported in January.
Other assets were down 11.8% to $179 million. Money Market Assets were $11.8 billion, up 1.7% on a sequential basis.
Sound positioning of Victory Capital’s integrated multi-boutique business model in a rapidly evolving industry and the effectiveness of its distribution platform might keep supporting its performance.
Shares of the company have lost 9% over the past six months compared with a 19.4% decline recorded by the industry.
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.
Competitive Landscape
Franklin Resources (BEN - Free Report) announced preliminary AUMby its subsidiaries of $656.5 billion for February 2020. Results displayed a 4.6% decrease from $688 billion recorded as of Jan 31, 2020. Net outflows and negative market returns led to the decline. Further, the reported figure dropped 8.1% year over year.
LPL Financial Holdings Inc.’s (LPLA - Free Report) total brokerage and advisory assets of $736.6 billion at the end of February 2020 declined 4% from the prior month but increased 9% year over year. Of the total brokerage and advisory assets, brokerage assets were $380.9 billion, while advisory assets totaled $355.7 billion.
Invesco’s (IVZ - Free Report) preliminary February-end AUM of $1,159.4 billion reflects a decline of 4.9% from the previous month. The decline was due to unfavorable market returns, net long-term outflows and net outflows in money market AUM, partly offset by net inflows in non-management fee earning AUM and reinvested distributions.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>