Victory Capital Holdings, Inc. (VCTR Quick QuoteVCTR - Free Report) reported assets under management (AUM) of $172.1 billion for July 2024. This reflected a 2.1% increase from $168.7 billion as of Jun 30, 2024.

By asset class, VCTR’s U.S. Mid Cap Equity AUM increased 3% from the June level to $31.94 billion. The U.S. Small Cap Equity AUM of $16.1 billion rose 6%. The Global/Non-U.S. Equity AUM improved 1.8% to $18.78 billion. The U.S. Large Cap Equity AUM rose marginally to $14.03 billion.

Also, Victory Capital recorded $59.94 billion in Solutions, up 1.7% from June 2024. Money Market/Short-Term assets rose marginally from June 2024 to $3.3 billion. The Alternative Investments asset balance declined 5.5% on a sequential basis to $3.2 billion. Fixed Income AUM was $24.8 billion, which increased 1.6% from the prior month.

The strong positioning of VCTR's integrated multi-boutique business model in a fast-expanding market, as well as the effectiveness of the distribution platform, is expected to boost its performance in the near term.

Year to date, VCTR’s shares have gained 43.4% compared with the industry's growth of 7%.

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.

Competitive Landscape

Franklin Resources, Inc. (BEN Quick QuoteBEN - Free Report) reported a preliminary AUM of $1.66 trillion for the month of July. This reflected an increase of 1% from the prior month’s level.

The improvement in BEN’s AUM balance was primarily due to the impact of positive markets, partially offset by long-term net outflows.

Cohen & Steers, Inc. (CNS Quick QuoteCNS - Free Report) reported a preliminary AUM of $84.6 billion for July. This reflected a rise of 4.8% from the prior month's level.

CNS’ AUM increase was driven by market appreciation of $41 billion, partially offset by net outflows of $45 million and distributions of $153 million.