Basswood Capital Management L.L.C. Boosts Stock Holdings in Victory Capital Holdings, Inc. $VCTR

Basswood Capital Management L.L.C. raised its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 4.0% during the fourth quarter, HoldingsChannel reports. The firm owned 465,923 shares of the company’s stock after purchasing an additional 17,930 shares during the period. Victory Capital comprises 1.2% of Basswood Capital Management L.L.C.’s portfolio, making the stock its 22nd largest holding. Basswood Capital Management L.L.C.’s holdings in Victory Capital were worth $29,395,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VCTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Victory Capital by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,469 shares of the company’s stock worth $1,416,000 after buying an additional 1,060 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Victory Capital by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 366,318 shares of the company’s stock worth $21,199,000 after buying an additional 5,685 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Victory Capital by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,285 shares of the company’s stock worth $5,688,000 after buying an additional 9,319 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Victory Capital in the 1st quarter worth approximately $3,747,000. Finally, Intech Investment Management LLC grew its position in shares of Victory Capital by 18.8% in the 1st quarter. Intech Investment Management LLC now owns 20,442 shares of the company’s stock worth $1,183,000 after buying an additional 3,237 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VCTR shares. The Goldman Sachs Group started coverage on shares of Victory Capital in a research report on Tuesday, June 2nd. They issued a “neutral” rating and a $90.00 price objective on the stock. Barclays lifted their price objective on shares of Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research report on Monday, April 20th. Finally, Morgan Stanley set a $76.00 price objective on shares of Victory Capital in a research report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Victory Capital has a consensus rating of “Hold” and a consensus target price of $84.71.

Victory Capital Stock Down 1.8%

NASDAQ:VCTR opened at $84.84 on Friday. The company has a market cap of $5.31 billion, a PE ratio of 19.11, a P/E/G ratio of 0.91 and a beta of 1.10. Victory Capital Holdings, Inc. has a twelve month low of $57.03 and a twelve month high of $90.19. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $79.63 and its two-hundred day moving average is $71.86.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.19. The company had revenue of $387.99 million for the quarter, compared to the consensus estimate of $364.97 million. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. Victory Capital’s revenue was up 76.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 EPS. Analysts anticipate that Victory Capital Holdings, Inc. will post 7.04 EPS for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $2.00 annualized dividend and a yield of 2.4%. This is a boost from Victory Capital’s previous quarterly dividend of $0.49. Victory Capital’s payout ratio is presently 45.05%.

Victory Capital Company 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.