Victory Capital Holdings (VCTR) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the syst ...

Victory Capital Holdings, Inc. (VCTR) reported assets under management (AUM) of $172.3 billion for October 2024. This reflected a 2.1% decline from $176.1 billion as of Sept. 30, 2024.By asset class, VCTR’s U.S. Mid Cap Equity AUM decreased 3.2% from the September level to $31.3 billion. The U.S. Small Cap Equity AUM of $15.2 billion dipped 2.3%. The Global/Non-U.S. Equity AUM declined 3.2% to $19.1 billion. The U.S. Large Cap Equity AUM decreased 1.4% to $14.03 billion.Further, Victory Capital recorded $61 ...

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Financial Data and Key Metrics Changes - Total client assets reached over $181 billion, marking the second highest quarter-end level in company history, contributing to record earnings per share, adjusted EBITDA, and a margin expansion to 53.7% [8][22] - Average assets under management (AUM) rose 3% from the previous quarter to $172 billion, with revenue increasing by 3% to $225.6 million [21][22] - GAAP operating income rose 9% from the second quarter to a record $120.4 million, with a GAAP operating margin widening to 53.3% [22] - Adjusted earnings per share reached a record high of $1.35 per diluted share, up 3% from the previous quarter [30] Business Line Data and Key Metrics Changes - Victory Income Investors posted its third consecutive quarter of positive net flows, contributing significantly to year-to-date net flows [25] - The investment performance of mutual funds and ETFs remains strong, with 67% of AUM earning 4 or 5-star ratings [20] Market Data and Key Metrics Changes - Total client assets increased by more than 4% or $7.3 billion from the end of June to the end of September [24] - The one but not yet funded pipeline is larger than it has been in over three years, indicating strong future funding expectations [27] Company Strategy and Development Direction - The company is focused on executing a growth strategy through strategic acquisitions, with the Amundi transaction expected to enhance scale and diversification [10][14] - The management emphasizes the necessity for industry consolidation, believing that the current environment is conducive to more transactions [15][35] - The exclusive distribution agreement with Amundi is expected to enhance the company's attractiveness as an acquirer of high-quality investment firms [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the macro environment for fixed income and the strong investment performance of Victory Income Investors, indicating a positive outlook for the franchise [33] - The company is well-positioned to capitalize on industry consolidation, with a strong track record of executing acquisitions [36][59] - Management noted that the recent election results could lead to increased allocations and net flows, reducing uncertainty in the market [73] Other Important Information - The company ended the quarter with $188 million in cash, up $69 million from the end of June, and plans to evaluate share repurchase activity now that the proxy process is over [19] - The company expects to realize $100 million in expense synergies from the Amundi transaction within two years of closing [31] Q&A Session Summary Question: Fixed income flows and net outflows in the franchise - Management expressed satisfaction with fixed income flows, noting some one-off impacts but maintaining a positive outlook for the franchise [33] Question: Industry consolidation outlook - Management believes the industry is entering a phase of significant consolidation, driven by various macroeconomic factors [35] Question: Distribution partnership with Amundi - The distribution agreement will not distinguish between geographies, and management is working on structuring products for various regions [39] Question: Institutional pipeline commentary - The institutional pipeline is diverse and includes larger mandates, with management optimistic about organic growth potential [46] Question: Amundi's current revenues and expenses - Management indicated that Amundi's business is performing well, with expectations of achieving long-term margins post-acquisition [51] Question: M&A bid/ask spreads and motivations - Management noted that bid/ask spreads are aligning, and there is a strong motivation among sellers to transact in the current market environment [70]

Third-Quarter 2024 Earnings Presentation November 8, 2024 Forward Looking Statements This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may include, without limitation, any statements preceded by, followed by or including words such as "target," "believe," "expect," "aim," "intend," "may," "anticipate," "assume," "budget," "continue," "estimate," "future," "objective," "outlook," "plan," "potential," "predict, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Victory Capital Holdings, Inc. (Exact name of registrant as specified in its charter) (Mark One) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-38388 Delaware 32-040295 ...

For the quarter ended September 2024, Victory Capital Holdings (VCTR) reported revenue of $225.63 million, up 7.6% over the same period last year. EPS came in at $1.35, compared to $1.18 in the year-ago quarter.The reported revenue represents a surprise of -0.05% over the Zacks Consensus Estimate of $225.75 million. With the consensus EPS estimate being $1.35, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...

Core Viewpoint - Victory Capital Holdings reported quarterly earnings of $1.35 per share, matching the Zacks Consensus Estimate and showing an increase from $1.18 per share a year ago [1] - The company posted revenues of $225.63 million for the quarter ended September 2024, slightly missing the Zacks Consensus Estimate by 0.05% and up from $209.69 million year-over-year [2] Financial Performance - The earnings surprise for the previous quarter was 1.55%, with actual earnings of $1.31 per share against an expected $1.29 [1] - Over the last four quarters, the company has surpassed consensus EPS estimates three times [1] - The company has topped consensus revenue estimates only once in the last four quarters [2] Stock Performance - Victory Capital shares have increased approximately 88.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 24.3% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.36, with expected revenues of $227.78 million, and for the current fiscal year, the estimate is $5.25 on revenues of $886.47 million [7] - The estimate revisions trend for Victory Capital is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Financial - Investment Management industry, to which Victory Capital belongs, is currently in the top 10% of over 250 Zacks industries, suggesting a favorable outlook [8]

Exhibit 99.1 NEWS RELEASE Victory Capital Reports Strong Third Quarter Results and Record Earnings Per Share Third-Quarter Highlights • Total Client Assets of $181.1 billion • Long-term gross flows of $5.9 billion • Long-term net flows of ($2.6) billion • GAAP operating margin of 53.3% • GAAP net income per diluted share of $1.24 • Adjusted EBITDA margin of 53.7% • Adjusted net income with tax benefit per diluted share of $1.35 • Board authorizes an 7% increase in regular quarterly cash dividend to $0.44 Sa ...

In its upcoming report, Victory Capital Holdings (VCTR) is predicted by Wall Street analysts to post quarterly earnings of $1.34 per share, reflecting an increase of 13.6% compared to the same period last year. Revenues are forecasted to be $223.18 million, representing a year-over-year increase of 6.4%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial pr ...