Vanguard Group Inc. Purchases 129,055 Shares of Victory Capital Holdings, Inc. $VCTR

Vanguard Group Inc. lifted its position in Victory Capital Holdings, Inc. (NASDAQ:VCTRFree Report) by 3.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,095,276 shares of the company’s stock after purchasing an additional 129,055 shares during the quarter. Vanguard Group Inc. owned about 6.43% of Victory Capital worth $236,994,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in VCTR. Wells Fargo & Company MN increased its holdings in shares of Victory Capital by 8.9% in the fourth quarter. Wells Fargo & Company MN now owns 71,957 shares of the company’s stock worth $4,710,000 after purchasing an additional 5,861 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Victory Capital by 25.7% in the fourth quarter. Legal & General Group Plc now owns 48,065 shares of the company’s stock worth $3,146,000 after purchasing an additional 9,812 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Victory Capital in the fourth quarter worth about $3,813,000. Summit Investment Advisors Inc. increased its holdings in shares of Victory Capital by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company’s stock worth $282,000 after purchasing an additional 273 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Victory Capital by 76.0% in the fourth quarter. First Trust Advisors LP now owns 78,642 shares of the company’s stock worth $5,148,000 after purchasing an additional 33,953 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. B. Riley boosted their price objective on Victory Capital from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Barclays boosted their price objective on Victory Capital from $62.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Morgan Stanley boosted their price objective on Victory Capital from $66.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday. UBS Group reduced their price objective on Victory Capital from $71.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. reduced their price objective on Victory Capital from $69.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $72.33.

Get Our Latest Analysis on VCTR

Victory Capital Stock Down 0.5%

Shares of NASDAQ:VCTR opened at $70.91 on Tuesday. Victory Capital Holdings, Inc. has a 1 year low of $47.00 and a 1 year high of $73.42. The business has a 50 day simple moving average of $66.51 and a two-hundred day simple moving average of $62.78. The firm has a market capitalization of $4.74 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 0.78 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.37.

Victory Capital (NASDAQ:VCTRGet Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%. The business had revenue of $351.21 million during the quarter, compared to analyst estimates of $348.89 million. During the same quarter in the previous year, the business earned $1.31 earnings per share. The company’s revenue for the quarter was up 59.9% compared to the same quarter last year. On average, equities analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, September 10th. Victory Capital’s payout ratio is 48.40%.

Victory Capital Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Victory Capital (NASDAQ:VCTR)

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