Victory Capital's July AUM Improves on Market Appreciation

Victory Capital Holdings VCTR announced assets under management (AUM) by its subsidiaries of $132.5 billion for July 2020. The results reflect a 2.7% rise from $129.1 billion recorded as of Jun 30, 2020.

At July-end, the company’s U.S. Mid Cap Equity AUM grew 2.3% from June-end to $23 billion. U.S. Small Cap Equity and Global/Non-U.S. Equity AUM of $14.1 billion and $11.7 billion increased 0.4% and 5.2%, respectively. Further, U.S. Large Cap Equity AUM rose 5.2% from June to $13.2 billion.

Victory Capital recorded $30.5 billion in Solutions, up 4.1% from $29.3 billion reported in June. Other assets increased 7.2% to $209 million on a sequential basis. Also, Fixed Income assets were $36.1 billion, which rose 1.4% 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 16.4% over the past year, outperforming the industry’s 15.1% rally.

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

AllianceBernstein’s AB preliminary month-end AUM of $623 billion for July 2020 increased 3.8% from the prior month. Market appreciation and total firm-wide net inflows primarily drove the rise.

Cohen & Steers CNS reported preliminary AUM of $70.1 billion as of Jul 31, 2020, which increased 5.7% from the prior-month level. Market appreciation of $2.7 billion and net inflows of $1.3 billion were partially offset by distributions of $209 million.

Invesco’s IVZ preliminary month-end AUM of $1,195.3 billion for July 2020 represents a 4.4% increase from the previous month. The rise was driven by favorable market returns, which boosted AUM by $38 billion. Also, FX increased AUM by $7.3 billion.

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