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Franklin Resources, Inc. (BEN) - free report >>
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Victory Capital's (VCTR) February AUM Down Sequentially to $176B
Victory Capital Holdings (VCTR - Free Report) reported assets under management (AUM) by its subsidiaries of $176 billion for February 2022. The results reflect a marginal fall from $176.8 billion reported on Jan 31, 2022.
At the end of last month, VCTR’s U.S. Mid Cap Equity AUM rose 3.2% from the January 2022 reading to $30.03 billion, while the U.S. Large Cap Equity AUM fell 3.6% sequentially to $14.09 billion. Moreover, the Global/Non-U.S. Equity AUM slid 2.1% from the January tally to $15.17 billion in January, while the U.S. Small Cap Equity AUM of $18.66 billion increased marginally from the sequential level.
Victory Capital recorded $57.31 billion in Solutions, down 1.7% from $58.31 billion reported in January. The Fixed Income AUM came in at $34.08 billion, down 1.5% from the prior month’s reported figure. Nonetheless, alternative investment assets increased 16.2% to $3.55 billion 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 might support its performance in the days to come.
The stock's decline of 8.8% has been narrower than the industry's fall of 21.1% in the past six months.
Image Source: Zacks Investment Research
Currently, Victory Capital carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
Franklin Resources, Inc. (BEN - Free Report) reported a preliminary AUM balance of $1,486.9 billion for February 2022, dipping 2.3% from $1,521.8 billion recorded as of Jan 31, 2022.
Last month's decline in BEN’s AUM was primarily due to the negative impacts of markets and long-term net flows.
Invesco (IVZ - Free Report) announced a preliminary AUM for February 2022. IVZ’s AUM of $1,531.4 billion for the month was down 1.3% from the previous month-end’s reading.
Invesco recorded net long-term inflows of $3.4 billion and money market net inflows of $3.6 billion.