VICTORY CAP. CL.A DL-,01

Victory Capital shares climbed intraday by 3.7% to $119.61 and hit a new 52-week high after a definitive agreement to acquire First Eagle Investments for about $7.0 billion was announced. The purchase price includes roughly $4.4 billion in cash, $2.0 billion in new Victory shares and the assumption of $575 million of senior secured notes (maturing 2032). First Eagle manages about $222 billion, which would give the combined company around $571 billion in assets under management and significantly expand Victory’s global value, multi-asset and alternative-credit capabilities. The deal confirms Victory Capital’s acquisition-driven growth strategy and follows strong Q2 results and a well-filled M&A pipeline. » Altro su de.investing.com

Mannik S. Dhillon, head of ETFs at Victory Capital, disposed of 6,452 shares on August 5 to cover tax liabilities after performance-based restricted shares vested when the first of four stock price hurdles was met. The sale was non-discretionary and does not indicate a change in his outlook; he still holds 307,686 shares plus 49,171 derivative securities. Victory Capital’s ETF assets rose 54% year-over-year to $23.2 billion, and the stock has returned about 44% over the past year, supporting the achievement of the vesting milestone. » Altro su finance.yahoo.com

Michael Dennis Policarpo reported a non-discretionary sale of 33,453 shares on August 5 totaling about $3.3 million, representing shares withheld to satisfy tax obligations after performance-based restricted stock vested when the company cleared its first of four March 2026 hurdles. Policarpo retains a direct stake of 1,234,577 shares and holds 221,287 derivative securities, keeping substantial exposure to the firm. Victory Capital has delivered a 44% one-year total return, reported Q2 revenue up 24% to $435 million, record client assets of $346 billion and expects average fee rates to moderate slightly as asset mix shifts. » Altro su finance.yahoo.com