• In August 2025, Victory Capital Holdings reported total client assets of US$306.4 billion and a sequential increase in assets under management across several equity categories, alongside expanding interest from institutional investors and strong expense controls.
• This trend highlights not only ongoing momentum in asset gathering but also a growing confidence from large institutional players in the company's operational efficiency and market positioning.
• Now, we'll explore how this rise in assets under management and institutional appetite influences Victory Capital Holdings' broader investment outlook.

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Victory Capital Holdings Investment Narrative Recap

For Victory Capital Holdings, the key story for shareholders is ongoing growth in assets under management, expanding interest from institutional investors, and tight expense controls. The recent uptick in AUM and institutional portfolios adds support to the most important short term catalyst: sustained net inflows, which could ease concerns about organic outflows. However, these trends do not materially reduce the critical risk of negative net flows, as challenges in asset retention persist in the current quarter.

One recent development closely tied to this outlook is the reported increase in assets under management to US$306.4 billion in August 2025, driven by sequential gains in several equity categories. This strengthens the argument for Victory's market reach but does not fully address the competitive pressures and client preferences for lower-fee products, which remain pivotal for short-term results.

By contrast, investors should also be aware of continued negative organic growth in AUM…

Victory Capital Holdings' outlook anticipates $1.8 billion in revenue and $735.1 million in earnings by 2028. This is based on a projected annual revenue growth rate of 20.4% and an increase in earnings of $470.5 million from current earnings of $264.6 million.

Uncover how Victory Capital Holdings' forecasts yield a $76.43 fair value, a 11% upside to its current price.

Exploring Other Perspectives

Fair value estimates from the Simply Wall St Community span US$50 to US$76.43 across four contributors. This diversity comes as the company faces ongoing pressure from negative net inflows, making it even more important to consider a range of informed perspectives.

Explore 4 other fair value estimates on Victory Capital Holdings - why the stock might be worth 27% less than the current price!

Build Your Own Victory Capital Holdings Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Victory Capital Holdings research is our analysis highlighting 3 key rewards that could impact your investment decision.
• Our free Victory Capital Holdings research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Victory Capital Holdings' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.