Victory Capital Holdings combines a PEG ratio of 0.29 with 77% year-over-year earnings growth, a Piotroski F-Score of 9/9, and a wide economic moat, making it a high-quality compounder trading at a discount, though negative price momentum and a reached analyst target delay the near-term entry case.
Thesis pillars
- Mutual Fund Concentration Risk↓Deteriorating
- Momentum Technical Recovery Needed—
- Compounder Quality Piotroski→Stable
- +1 more pillar — see the Why tab for full reasoning
Victory Capital Holdings, Inc. (VCTR) Stock Analysis
Range Bound setup · Temporary headwind edge
Financial Services · Asset Management
Hold if already holding. Not a fresh buy at $113.45, but acceptable to hold if already in. Reasons: Concentration risk — Product: mutual funds and other pooled investment vehicles (80.0%); Analyst target reached - limited upside remaining.
Victory Capital Holdings manages $313.8 billion in AUM across eight Investment Franchises and a Solutions Platform, offering mutual funds, ETFs, separate accounts, and alternatives to institutions, retirement plans, and intermediaries in more than 60 countries. The company earns... Read more
Hold if already holding. Not a fresh buy at $113.45, but acceptable to hold if already in. Reasons: Concentration risk — Product: mutual funds and other pooled investment vehicles (80.0%); Analyst target reached - limited upside remaining. Chart setup: RSI 41 mid-range, Bollinger mid-band. News gate: 0 distinct critical events (0 MATERIAL_RISK articles) Score 6.5/10, high confidence.
Passes 5/8 gates (clean insider activity, news boost analyst 0.40, earnings proximity 63d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
About Victory Capital Holdings, Inc.
About Victory Capital Holdings, Inc.
Victory Capital Holdings managed $313.8 billion in AUM at December 31, 2025, across 187 investment strategies spanning equity, fixed income, alternatives, and model portfolios, with $316.6 billion in total client assets. Pioneer Investments — added via the Amundi US transaction that closed in 2025 — managed $132.3 billion, the largest of the firm's eight Investment Franchises. Seventeen percent of AUM was from clients outside the United States, and 54 mutual funds and ETFs earned four or five Morningstar stars overall at year-end.
Approximately 80% of Victory Capital's total revenues in 2025 came from mutual funds and other pooled investment vehicles the firm advises, with the remainder from institutional separate accounts, CITs, and other mandates; revenue is almost entirely asset-based management fees that decline proportionally if AUM falls. The eight Franchises — Victory Income Investors ($35.6 billion), Sycamore Capital ($28.4 billion), WestEnd Advisors ($26.9 billion AUA and AUM combined), RS Investments ($19.8 billion), Trivalent ($8.5 billion), Integrity ($6.0 billion), New Energy Capital (below $1 billion), and Pioneer Investments ($132.3 billion) — retain investment autonomy while sharing centralized distribution, marketing, and back-office support. A 15-year exclusive offshore distribution agreement with Amundi, effective 2025 and set to auto-renew in 2040, positions Victory Capital as the exclusive supplier of traditional U.S.-manufactured active strategies for distribution across Amundi's 35-country presence.
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Investment advisory agreements for registered mutual funds and ETFs are terminable by fund boards on not more than 60 days' written notice under the Investment Company Act of 1940, and separate account clients may reallocate assets with little or no notice. Two Sycamore Capital mutual funds with an aggregate $20.6 billion in AUM at December 31, 2025 are closed to new investors due to capacity constraints. Fund administration, accounting, and transfer agency agreements are subject to annual board renewal, meaning a substantial portion of the firm's revenue depends on recurring approval processes that may not be renewed.
See also: Financial Services · Asset Management
From Victory Capital Holdings, Inc. 's most recent 10-K filing, extracted June 16, 2026.
Recent developments
updated 2026-09-04Recent Developments — Victory Capital Holdings, Inc.
Latest news
- NEWS Victory Capital (VCTR) Expected to Post Quarterly Earnings on Wednesday - MarketBeat — MarketBeat neutral
- NEWS Victory Capital Holdings (VCTR) Reports Next Week: Wall Street Expects Earnings Growth - Yahoo Finance — Yahoo Finance positive
- NEWS Victory Capital Holdings (VCTR) Reports Next Week: Wall Street Expects Earnings Growth - finance.yahoo.com — finance.yahoo.com positive
- NEWS Dimensional Fund Advisors LP Boosts Stock Position in Victory Capital Holdings, Inc. $VCTR - MarketBeat — MarketBeat neutral
- NEWS VCTR|Victory Capital Holdings Inc|Price:96.970|Chg%:-0.490 - TradingKey — TradingKey neutral
Generated 2026-09-04T11:12:11Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductmutual funds and other pooled investment vehicles80%10-K Item 1A: 'we generated approximately 80% of our total revenues from mutual funds and other pooled investment vehicles that we advise'
- MEDIUMProductPioneer Investments10-K Item 1: 'Pioneer Investments ... managed $132.3 billion in AUM as of December 31, 2025'
Material Events(8-K, last 90d)
- 2026-03-16Item 5.02LOWOn March 13, 2026, the board approved a one-time performance-based restricted stock grant to CEO David C. Brown, President/CFO Michael D. Policarpo, EVP Tom Sipp, CLO Nina Gupta, and President of Franchises Mannik Dhillon under the 2018 Equity Plan to incentivize long-term stock outperformance.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $113.45, but acceptable to hold if already in. Reasons: Concentration risk — Product: mutual funds and other pooled investment vehicles (80.0%); Analyst target reached - limited upside remaining. Chart setup: RSI 41 mid-range, Bollinger mid-band. News gate: 0 distinct critical events (0 MATERIAL_RISK articles) Target $121.08 (+6.7%), stop $103.59 (−9.5%), A.R:R -2.2:1. Score 6.5/10, high confidence.
Take-profit target: $121.08 (-15.4% upside). Target $121.08 (+6.7%), stop $103.59 (−9.5%), A.R:R -2.2:1. Stop-loss: $103.59.
Concentration risk — Product: mutual funds and other pooled investment vehicles (80.0%); Analyst target reached - limited upside remaining; Negative momentum.
Victory Capital Holdings, Inc. trades at a P/E of 20.6 (forward 13.0). TrendMatrix value score: 7.0/10. Verdict: Hold.
14 analysts cover VCTR with a consensus score of 3.7/5. Average price target: $110.
What does Victory Capital Holdings, Inc. do?Victory Capital Holdings manages $313.8 billion in AUM across eight Investment Franchises and a Solutions Platform,...
Victory Capital Holdings manages $313.8 billion in AUM across eight Investment Franchises and a Solutions Platform, offering mutual funds, ETFs, separate accounts, and alternatives to institutions, retirement plans, and intermediaries in more than 60 countries. The company earns asset-based management fees, with approximately 80% of revenue from mutual funds and other pooled investment vehicles it advises.