Victory Capital (VCTR)
Manages funds and separate accounts through autonomous boutiques and a shared operating platform.
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Runs autonomous investment franchises and a Solutions Platform spanning mutual funds, ETFs, separate accounts, model portfolios, and private vehicles. Centralized distribution and operations support asset-based management, administration, and distribution fees, while revenue depends on client assets, investment performance, and flows.
Provides active and passive strategies across equities, fixed income, multi-asset portfolios, and alternatives through autonomous investment franchises and a Solutions Platform. Products include Victory and Pioneer mutual funds, VictoryShares ETFs, separate accounts, collective trusts, private funds, model portfolios, and a USAA-branded education-savings plan for institutional, intermediary, retirement, and individual clients.
Keeps portfolio decisions within each franchise while centralizing distribution, marketing, technology, and operations. The acquisition-led platform absorbed USAA Asset Management and, in 2025, Amundi US under the Pioneer Investments brand; reciprocal Amundi distribution agreements extended access beyond a business still weighted toward U.S. clients. Revenue comes chiefly from asset-based management, administration, and distribution fees, making market levels, investment performance, client flows, third-party distribution, and fund regulation structural dependencies.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 28, 2026 | UBS | Target | Target: $30 | Target: $117 |
| Aug 27, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $100 | Target: $117 |
| Aug 7, 2026 | RBC Capital | Reiterate | Rating: —Target: $107 | Target: $118 |
| Aug 7, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $90 | Target: $100 |
| Aug 7, 2026 | Barclays | Reiterate | Rating: —Target: $95 | Target: $112 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $70.1M · Total debt $1.01B · Total assets $4.18B · Shareholders' equity $2.38B
- Revenue
- $435.4M
- Operating income
- $193.7M
- Net income
- $139.4M
HistoryDividendAnnual yield
| Institutions | 80.17% | 49.31M shares | |
|---|---|---|---|
| 362 holders · as of Jun 30, 2026 | |||
| Insiders | 8.17% | 5.02M shares | |
| 11 holders · as of Aug 17, 2026 | |||
| Other | 11.66% | 7.17M shares | |
| remainder | |||
61.51M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.32% | 6.96M | as of Jun 30, 2026 |
Bahl & Gaynor IncInstitution | 4.95% | 3.04M | as of Jun 30, 2026 |
AmundiInstitution | 4.81% | 2.96M | as of Jun 30, 2026 |
David Craig BrownInsiderofficer: Chairman and CEO | 4.05% | 2.44M · 45,900 | filed Aug 17, 2026 |
Vanguard Capital Management LLCInstitution | 3.58% | 2.20M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Victory Capital | $105.01 | −2.55% | $6.74B | 19.8 | 12.6 | 4.3 | +22.4% |
| Franklin Templeton | $33.30 | −1.03% | $17.48B | 22.4 | 10.8 | 1.9 | −12.0% |
| Invesco | $30.95 | −1.39% | $13.91B | — | 10.1 | 2.0 | +20.3% |
| T. Rowe Price | $104.01 | −0.59% | $22.42B | 10.5 | 10.1 | 3.0 | +10.7% |
| Affiliated Managers Group | $361.47 | −0.87% | $9.63B | 12.6 | 9.1 | 3.8 | +29.9% |
| Virtus Investment Partners | $130.09 | +0.18% | $867.7M | 7.4 | 5.5 | 1.1 | −4.4% |
| AllianceBernstein | $36.33 | −0.11% | $3.39B | 10.8 | 10.0 | 9.9 | +5.1% |
| Federated Hermes | $57.16 | −1.76% | $4.42B | 10.7 | 10.1 | 2.3 | +18.3% |
| Median | 10.7 | 10.1 | 2.3 | +10.7% |