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Victory Capital August AUM Improves on Higher Equity Assets

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Victory Capital Holdings VCTR has announced assets under management (AUM) by its subsidiaries of $136.8 billion for August 2020. It reflects a 3.2% rise from $132.5 billion recorded as of Jul 31, 2020.

At August-end, the company’s U.S. Mid Cap Equity AUM grew 2.8% from July-end to $23.6 billion. U.S. Small Cap Equity and Global/Non-U.S. Equity AUM of $15.2 billion and $12.2 billion increased 7.8% and 4.3%, respectively. Further, U.S. Large Cap Equity AUM rose 5.1% from July to $13.8 billion.

Victory Capital recorded $31.9 billion in Solutions, up 4.7% from $29.3 billion reported in July. Other assets increased 9.6% to $229 million on a sequential basis. Also, Fixed Income assets were $36.1 billion, down slightly from the prior month.

Sound positioning of Victory Capital’s integrated multi-boutique business model in a rapidly evolving industry, and effectiveness of the distribution platform might keep supporting its performance.

Shares of the company have gained 1% over the past year against the industry’s 3.5% decline.

Currently, Victory Capital carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other Asset Managers

AllianceBernstein Holding L.P. AB announced AUM for August 2020. The company’s preliminary month-end AUM of $643 billion increased 3.2% from the prior month. Market appreciation and total firm-wide net inflows primarily drove this rise.

Franklin Resources BEN announced preliminary AUM by its subsidiaries of $1.44 trillion for August 2020. Results display a 0.7% increase from the $1.43 trillion recorded as of Jul 31, 2020.

Invesco IVZ announced preliminary August-end AUM of $1,245.8 billion, which represents a 4.2% increase from the previous month.

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