Creative Planning Buys Shares of 8,600 Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Creative Planning purchased a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,600 shares of the company’s stock, valued at approximately $476,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Contravisory Investment Management Inc. raised its stake in shares of Victory Capital by 53.2% during the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after acquiring an additional 199 shares in the last quarter. CWM LLC boosted its holdings in Victory Capital by 486.2% in the second quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after purchasing an additional 564 shares during the last quarter. USA Financial Formulas raised its position in shares of Victory Capital by 157.9% in the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after acquiring an additional 676 shares during the period. Amalgamated Bank raised its position in shares of Victory Capital by 50.7% in the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after acquiring an additional 479 shares during the period. Finally, nVerses Capital LLC raised its position in shares of Victory Capital by 200.0% in the second quarter. nVerses Capital LLC now owns 2,700 shares of the company’s stock worth $129,000 after acquiring an additional 1,800 shares during the period. Institutional investors own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on VCTR shares. UBS Group increased their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price objective on shares of Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Morgan Stanley upgraded shares of Victory Capital from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $40.00 to $60.00 in a research note on Friday, October 18th. Barclays initiated coverage on shares of Victory Capital in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $58.00 price target on the stock. Finally, Bank of America raised their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.67.

Victory Capital Stock Up 6.4 %

VCTR stock opened at $64.77 on Thursday. Victory Capital Holdings, Inc. has a 52 week low of $30.05 and a 52 week high of $67.28. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 0.63 and a beta of 0.90. The firm’s 50-day moving average is $56.58 and its two-hundred day moving average is $52.69. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.26 by $0.04. The business had revenue of $219.62 million during the quarter, compared to analysts’ expectations of $220.82 million. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. On average, analysts forecast that Victory Capital Holdings, Inc. will post 5.18 earnings per share for the current fiscal year.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.