See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Franklin Resources, Inc. (BEN) - free report >>
T. Rowe Price Group, Inc. (TROW) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Franklin Resources, Inc. (BEN) - free report >>
T. Rowe Price Group, Inc. (TROW) - free report >>
Image: Bigstock
Victory Capital (VCTR) July AUM Rises Sequentially to $162.9B
Victory Capital Holdings (VCTR - Free Report) reported assets under management (AUM) by its subsidiaries of $162.9 billion for July 2021. The results reflect a marginal rise from the $161.9 billion reported on Jun 30, 2021.
At the end of July, the company’s U.S. Mid Cap Equity AUM inched up 1.07% from June to $30.7 billion, while the U.S. Large Cap Equity AUM rose 1.1% from the previous month to $15.5 billion. However, Global/Non-U.S. Equity AUM fell marginally from June to $15.8 billion and the U.S. Small Cap Equity AUM of $20.3 billion edged down 1.6%.
Victory Capital recorded $40 billion in Solutions, up 1.6% from the $39.6 billion reported in June. Fixed Income AUM was approximately $36 billion, increasing partially from the month-ago figure. Other assets decreased 5.6% to $434 million on a sequential basis.
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 in the days to come.
Shares of the company have gained 36.4% over the past six months, outperforming the industry’s 26.7% 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
T. Rowe Price Group, Inc. (TROW - Free Report) reported preliminary AUM of $1.64 trillion as of Jul 31, 2021. This reflects a marginal increase from the prior month’s $1.62 trillion.
Invesco Ltd. (IVZ - Free Report) registered preliminary month-end AUM of $1,528.4 billion as of Jul 31, 2021, which increased marginally from the end of the previous month. Total net inflows were $3.5 billion.
Franklin Resources (BEN - Free Report) recorded a preliminary AUM balance of $ 1,557.3 billion for July 2021. This highlighted a marginal rise from $1,552.1 billion recorded as of Jun 30, 2021.