Victory Capital Holdings, Inc. $VCTR Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 4.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 511,553 shares of the company’s stock after acquiring an additional 19,508 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.80% of Victory Capital worth $29,604,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Legal & General Group Plc boosted its position in shares of Victory Capital by 25.7% in the 4th quarter. Legal & General Group Plc now owns 48,065 shares of the company’s stock valued at $3,146,000 after purchasing an additional 9,812 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Victory Capital during the 4th quarter worth approximately $3,813,000. Summit Investment Advisors Inc. raised its stake in shares of Victory Capital by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company’s stock worth $282,000 after buying an additional 273 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Victory Capital by 76.0% during the 4th quarter. First Trust Advisors LP now owns 78,642 shares of the company’s stock worth $5,148,000 after buying an additional 33,953 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Victory Capital by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,425,568 shares of the company’s stock valued at $93,320,000 after purchasing an additional 33,090 shares in the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VCTR has been the topic of a number of analyst reports. UBS Group lowered their target price on Victory Capital from $71.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. B. Riley increased their target price on Victory Capital from $70.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Royal Bank Of Canada increased their target price on Victory Capital from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their target price on Victory Capital from $69.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Finally, Wall Street Zen cut Victory Capital from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Victory Capital has a consensus rating of “Moderate Buy” and an average price target of $72.33.

Victory Capital Trading Down 0.1%

Shares of VCTR opened at $70.87 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $4.73 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 0.77 and a beta of 1.04. The stock’s fifty day simple moving average is $66.69 and its 200 day simple moving average is $62.84. Victory Capital Holdings, Inc. has a twelve month low of $47.00 and a twelve month high of $73.42.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.57 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 company had revenue of $351.21 million for the quarter, compared to analyst estimates of $348.89 million. During the same period last year, the company posted $1.31 earnings per share. The firm’s revenue was up 59.9% compared to the same quarter last year. On average, equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Announces Dividend

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

About Victory Capital

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.