Victory Capital reported a strong start to 2021, with excellent investment performance and increased long-term gross sales. The company achieved robust GAAP and adjusted profit margins, resulting in the highest net income and earnings per share for any three-month period in its history. Additionally, Victory Capital reduced their leverage ratio and authorized another increase in their quarterly cash dividend.
Total Assets Under Management (AUM) of $154.3 billion.
Long-term gross flows of $6.7 billion; long-term net outflows of $983 million.
GAAP operating margin of 42.1%.
Adjusted net income with tax benefit of $1.13 per diluted share.
No specific forward guidance was provided in the document.
Analyze how earnings announcements historically affect stock price performance