CenterBook Partners LP Grows Stock Holdings in Victory Capital Holdings, Inc. $VCTR

CenterBook Partners LP grew its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 120.8% in the third quarter, Holdings Channel.com reports. The firm owned 54,968 shares of the company’s stock after acquiring an additional 30,078 shares during the quarter. CenterBook Partners LP’s holdings in Victory Capital were worth $3,560,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in Victory Capital by 8,812.2% during the third quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock worth $18,175,000 after purchasing an additional 277,497 shares during the period. AlphaQuest LLC increased its holdings in shares of Victory Capital by 192.1% during the 3rd quarter. AlphaQuest LLC now owns 21,698 shares of the company’s stock worth $1,405,000 after buying an additional 14,269 shares during the last quarter. Annex Advisory Services LLC raised its position in shares of Victory Capital by 4.6% during the 3rd quarter. Annex Advisory Services LLC now owns 544,078 shares of the company’s stock valued at $35,234,000 after buying an additional 24,050 shares during the period. New York State Teachers Retirement System raised its position in shares of Victory Capital by 418.8% during the 3rd quarter. New York State Teachers Retirement System now owns 19,477 shares of the company’s stock valued at $1,261,000 after buying an additional 15,723 shares during the period. Finally, Amundi acquired a new position in Victory Capital in the second quarter valued at approximately $213,219,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Royal Bank Of Canada lifted their target price on Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Zacks Research lowered Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Barclays set a $69.00 price objective on Victory Capital in a report on Friday, February 6th. Finally, Morgan Stanley lowered their target price on Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Victory Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.38.

Victory Capital Stock Up 0.4%

Victory Capital stock opened at $75.65 on Thursday. The firm has a market capitalization of $4.91 billion, a P/E ratio of 18.59, a P/E/G ratio of 0.79 and a beta of 1.05. The stock’s fifty day simple moving average is $68.00 and its 200-day simple moving average is $66.91. Victory Capital Holdings, Inc. has a twelve month low of $47.00 and a twelve month high of $77.78. The company has a current ratio of 1.47, a quick ratio of 1.26 and a debt-to-equity ratio of 0.40.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Wednesday, February 4th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.66 by $0.12. The firm had revenue of $374.12 million during the quarter, compared to analysts’ expectations of $371.09 million. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.Victory Capital’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 EPS. As a group, equities analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, March 10th. Victory Capital’s dividend payout ratio is presently 48.16%.

Victory Capital Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.