Investors looking for stocks in the Financial - Investment Management sector might want to consider either Victory Capital Holdings (VCTR) or BlackRock (BLK) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Ra ...

Core Viewpoint - Victory Capital Holdings, Inc. has entered into a definitive agreement with Amundi to merge Amundi's US business with Victory Capital, enhancing its distribution capabilities and product offerings [1][2][3]. Group 1: Transaction Details - The merger will result in Amundi holding a 26.1% economic stake in Victory Capital, with two representatives from Amundi joining Victory Capital's board of directors [2]. - The transaction is expected to close in late Q4 2024 or early 2025 [2]. - Victory Capital will provide US-manufactured active asset management products to Amundi for global distribution, while distributing Amundi's non-US manufactured products in the US [4][12]. Group 2: Financial Impact - The deal is projected to be earnings-accretive, with low double-digit earnings per share growth anticipated within a year of closing [5]. - Approximately $100 million in annual cost savings are expected to be realized within a year of closing, with additional synergies in the following year [5]. - Victory Capital's net leverage ratio is expected to improve significantly post-transaction due to increased cash inflows and no incremental debt [6]. Group 3: Strategic Alignment - This collaboration aligns with Victory Capital's inorganic growth strategy, which has included several acquisitions since 2013 to diversify its product offerings and strengthen distribution channels [3][6]. - The company has previously made strategic acquisitions, including WestEnd Advisors in 2021 and USAA Asset Management Company in 2019, indicating a commitment to expansion [7]. - The CEO of Victory Capital emphasized that this strategic relationship will accelerate the firm's globalization and broaden its investment offerings [13]. Group 4: Market Performance - Over the past six months, Victory Capital's shares have increased by 40.2%, outperforming the industry growth of 8.3% [7].

Victory Capital Holdings, Inc. (VCTR) reported assets under management (AUM) of $168.5 billion for May 2024. This reflected a 2.9% increase from $163.6 billion as of Apr 30, 2024. By asset class, VCTR's U.S. Mid Cap Equity AUM increased 2.3% from the April level to $31.73 billion. The U.S. Small Cap Equity AUM of $15.65 billion rose 3%. The Global/Non-U.S. Equity AUM improved 4% to $18.52 billion. The U.S. Large Cap Equity AUM rose 3.9% to $13.66 billion. Also, Victory Capital recorded $57.92 billion in Sol ...

Core Insights - Victory Capital Holdings (VCTR) is currently rated 2 (Buy) by Zacks Rank, indicating a more favorable earnings estimate revision compared to SEI Investments (SEIC), which holds a 3 (Hold) rating [3] - Value investors assess a range of traditional metrics to determine if a stock is undervalued, beyond just earnings estimates [3] Valuation Metrics - VCTR has a forward P/E ratio of 9.83, significantly lower than SEIC's forward P/E of 16.40, suggesting VCTR may be undervalued [5] - The PEG ratio for VCTR is 0.55, while SEIC's PEG ratio is 1.37, indicating VCTR's expected earnings growth is more favorable relative to its price [5] - VCTR's P/B ratio stands at 3.12, compared to SEIC's P/B of 3.94, further supporting VCTR's valuation attractiveness [6] Value Grades - Based on the aforementioned metrics, VCTR has received a Value grade of B, while SEIC has a Value grade of C, highlighting VCTR's superior valuation profile [6] - The improving earnings outlook for VCTR enhances its attractiveness as a value investment option [7]

Victory Capital Holdings, Inc. (NASDAQ:VCTR) Q1 2024 Earnings Conference Call May 10, 2024 8:00 AM ET Company Participants Matthew Dennis - Chief of Staff and Director of IR David Brown - Chairman and CEO Michael Policarpo - President, CFO and CAO Conference Call Participants Michael Cho - JPMorgan Etienne Ricard - BMO Capital Markets Michael Cyprys - Morgan Stanley Adam Beatty - UBS Operator Good morning, and welcome to the Victory Capital First Quarter 2024 Earnings Conference Call. All callers are in a l ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 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 Victory Capital Holdings, Inc. (Exact name of registrant as specified in its charter) (State or other jurisd ...

Quarterly Business Overview Amundi Transaction MOU Investment Performance Charts and Morningstar data as of March 31, 2024. 3 77% of fund AUM rated 4/5 stars Consistent growth in each channel over the past year Although it is not possible to identify all such risks and factors, they include, among others, the following: the fact that the Memorandum of Understanding is non-binding and there is no certainty that the negotiations will result in definitive agreements on the anticipated timeline, if at all, or t ...

NEWS RELEASE Victory Capital Reports Strong First-Quarter Results First-Quarter Highlights San Antonio, Texas, May 9, 2024 — Victory Capital Holdings, Inc. (NASDAQ: VCTR) ("Victory Capital" or "the Company") today reported financial results for the quarter ended March 31, 2024. "We achieved very strong results to start 2024," said David Brown, Chairman and Chief Executive Officer. "During the first quarter, our long-term gross and net flows improved quarter-over-quarter and year-over-year, reaching their be ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 Victory Capital Holdings, Inc. (Exact name of registrant as specified in its charter) (State or other jurisd ...

Victory Capital Holdings, Inc. (NASDAQ:VCTR) Q4 2023 Earnings Conference Call February 8, 2024 5:00 PM ET Company Participants Matthew Dennis - Chief of Staff and Director of Investor Relations David Brown - Chairman and Chief Executive Officer Michael Policarpo - President, Chief Financial Officer and Chief Administrative Officer Conference Call Participants Michael Cho - JPMorgan Craig Siegenthaler - Bank of America Etienne Ricard - BMO Capital Markets Alex Bolstein - Goldman Sachs Adam Beatty - UBS Kenne ...