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Victory Capital's AUM Decreases 2.1% Sequentially to $172.3B
ZACKS· 2024-11-12 15:45
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 ...
Are You Looking for a Top Momentum Pick? Why Victory Capital Holdings (VCTR) is a Great Choice
ZACKS· 2024-11-08 18:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...
Victory Capital(VCTR) - 2024 Q3 - Quarterly Report
2024-11-08 15:42
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 ...
Victory Capital (VCTR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-11-08 02:30
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 ...
Victory Capital Holdings (VCTR) Q3 Earnings Meet Estimates
ZACKS· 2024-11-08 01:41
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]
Victory Capital(VCTR) - 2024 Q3 - Quarterly Results
2024-11-07 21:45
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 ...
Wall Street's Insights Into Key Metrics Ahead of Victory Capital (VCTR) Q3 Earnings
ZACKS· 2024-11-05 15:20
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 ...
Victory Capital (VCTR) Sees 2.1% Sequential Rise in July AUM
ZACKS· 2024-08-14 14:31
Victory Capital Holdings, Inc. (VCTR) reported assets under management (AUM) of $172.1 billion for July 2024. This reflected a 2.1% increase from $168.7 billion as of Jun 30, 2024. By asset class, VCTR's U.S. Mid Cap Equity AUM increased 3% from the June level to $31.94 billion. The U.S. Small Cap Equity AUM of $16.1 billion rose 6%. The Global/Non-U.S. Equity AUM improved 1.8% to $18.78 billion. The U.S. Large Cap Equity AUM rose marginally to $14.03 billion. Also, Victory Capital recorded $59.94 billion i ...
Victory Capital (VCTR) Rewards Investors With 11% Dividend Hike
ZACKS· 2024-08-12 14:30
Victory Capital Holdings, Inc. (VCTR) has announced a sequential increase in its quarterly dividend. The company declared a quarterly cash dividend of 41 cents per share, marking an increase of 11% from the prior payout. The dividend will be paid out on Sep 25 to shareholders of record as of Sep 10, 2024. The dividend hike was announced along with its second-quarter 2024 earnings update. The company has increased its dividend 11 times during the last five years. Before the recent hike, VCTR increased its di ...
Victory Capital Holdings (VCTR) Q2 Earnings Beat Estimates
ZACKS· 2024-08-09 00:30
Victory Capital Holdings (VCTR) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.55%. A quarter ago, it was expected that this investment management firm would post earnings of $1.21 per share when it actually produced earnings of $1.25, delivering a surprise of 3.31%. Over the last ...