Victory Capital Holdings VCTR reported assets under management (AUM) by its subsidiaries of $160.9 billion for May 2021. The results reflect a 2.4% rise from the $157.1 billion reported on Apr 31, 2021.
At the end of May, the company’s U.S. Mid Cap Equity AUM increased marginally from April to $30.7 billion. The U.S. Small Cap Equity of $20.6 billion edged down 1.1%. Further, the U.S. Large Cap Equity AUM fell marginally from the previous month to $14.9 billion, while Global/Non-U.S. Equity AUM climbed 3.1% from April to nearly $16 billion.
Victory Capital recorded $39 billion in Solutions, up 9.3% from the $35.7 billion reported in April. Other assets increased 9.6% to $432 million on a sequential basis. Fixed Income assets were approximately $36 billion, increasing partially from the month-ago figure.
The sound positioning of Victory Capital’s integrated multi-boutique business model in a rapidly-evolving industry and effectiveness of the distribution platform will likely keep supporting its performance.
Shares of the company have gained 33.9% over the past six months, outperforming the industry’s 25.4% rally.
Image Source: Zacks Investment Research
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.
Performance of Other Asset Managers
Cohen & Steers CNS reported preliminary AUM balance of $94.2 billion as of May 31, 2021, up 1% from the prior-month level. Net inflows of $760 billion and market appreciation of $815 million were partly offset by distributions of $201 million.
Invesco Ltd. IVZ announced preliminary May-end AUM balance of $1,505.1 billion, up 3.2% from the previous-month end. Positive market returns aided this upswing, boosting the AUM by $10 billion.
Franklin Resources BEN registered preliminary AUM balance of $1543.5 billion for May. This reflected 1% growth from the $1529.3 billion recorded as of Apr 30, 2021.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Franklin Resources, Inc. (BEN) : Free Stock Analysis Report
Invesco Ltd. (IVZ) : Free Stock Analysis Report
Cohen & Steers Inc (CNS) : Free Stock Analysis Report
Victory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research