Fiddich Review Centre
Alternative Investment

Victory Capital (VCTR) November AUM Up Sequentially to $161.5B – December 12, 2022

Victory Capital Holdings (VCTR Free Report) reported assets under management (AUM) of $161.5 billion for November 2022. The results reflect a 4.4% rise from $154.7 billion reported as of Oct 31, 2022.

At the end of November, VCTR’s U.S. Mid Cap Equity AUM grew 5.8% from the October level to $30 billion and the U.S. Small Cap Equity AUM of $16.1 billion was up 3.8%. Also, the Global/Non-U.S. Equity AUM jumped 10.4% to $14.6 billion. Further, the U.S. Large Cap Equity AUM rose 3.8% sequentially to $11.8 billion.

Victory Capital recorded $54.3 billion in Solutions, up 5.8% from $51.3 billion reported in October 2022. Fixed Income AUM was $27 billion, increasing 1.3% from the prior month’s figure. Also, Money Market/Short Term assets rose marginally to $3.3 billion. Nonetheless, Alternative investment assets plunged 12.6% on a sequential basis to $4.4 billion.

The sound positioning of Victory Capital’s integrated multi-boutique business model in a rapidly-evolving industry and the effectiveness of the distribution platform might support its performance in the coming days. Also, favorable market performance is a tailwind.

Shares of VCTR have lost 18.6% over the past 12 months compared with the industry‘s decline of 20.1%.

Zacks Investment Research
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.

Among other asset managers, Cohen & Steers (CNS Free Report) reported preliminary AUM of $84.2 billion as of Nov 30, 2022. This reflects an increase of 5.3% from the prior-month level.

Market appreciation of $4.6 billion supported the rise in CNS’ AUM, partially offset by net outflows of $252 million and distributions of $177 million.

Additionally, Invesco (IVZ Free Report) and T. Rowe Price (TROW Free Report) are expected to release preliminary AUM results for November in the coming days. At present, Invesco carries a Zacks Rank #5 (Strong Sell), while T. Rowe Price has a Zacks Rank of 4 (Sell).

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