Vanguard Group Inc. Buys 515,845 Shares of Victory Capital Holdings, Inc. $VCTR

Vanguard Group Inc. grew its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 12.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,741,715 shares of the company’s stock after acquiring an additional 515,845 shares during the period. Vanguard Group Inc. owned about 0.07% of Victory Capital worth $307,073,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in Victory Capital by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 113,392 shares of the company’s stock worth $7,343,000 after purchasing an additional 668 shares during the last quarter. Public Sector Pension Investment Board grew its position in Victory Capital by 132.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 336,740 shares of the company’s stock valued at $21,807,000 after purchasing an additional 191,674 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in shares of Victory Capital in the 3rd quarter worth $1,656,000. Caprock Group LLC purchased a new stake in Victory Capital in the 3rd quarter worth approximately $253,000. Finally, Rhumbline Advisers lifted its stake in shares of Victory Capital by 93.8% during the 3rd quarter. Rhumbline Advisers now owns 128,360 shares of the company’s stock valued at $8,313,000 after buying an additional 62,119 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Stock Performance

Shares of VCTR stock opened at $69.18 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.26 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $69.52 and its two-hundred day moving average is $67.17. The company has a market capitalization of $4.49 billion, a P/E ratio of 17.00, a P/E/G ratio of 0.75 and a beta of 1.05. Victory Capital Holdings, Inc. has a 12-month low of $47.00 and a 12-month high of $77.78.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.66 by $0.12. The firm had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The firm’s revenue was up 61.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 EPS. Analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be paid a $0.49 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 2.8%. Victory Capital’s payout ratio is 48.16%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VCTR shares. Morgan Stanley dropped their price target on Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, January 21st. Royal Bank Of Canada upped their price target on shares of Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a report on Tuesday, February 10th. Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Finally, Barclays set a $69.00 target price on Victory Capital in a research note on Friday, February 6th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.38.

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.