Victory Capital Holdings, Inc. $VCTR Shares Sold by Swiss National Bank

Swiss National Bank decreased its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,900 shares of the company’s stock after selling 1,100 shares during the period. Swiss National Bank owned approximately 0.13% of Victory Capital worth $4,740,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in VCTR. Vanguard Group Inc. increased its holdings in Victory Capital by 3.3% in the first quarter. Vanguard Group Inc. now owns 4,095,276 shares of the company’s stock valued at $236,994,000 after buying an additional 129,055 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Victory Capital by 46.8% in the 4th quarter. Bank of America Corp DE now owns 1,438,413 shares of the company’s stock worth $94,159,000 after acquiring an additional 458,534 shares during the period. 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. Charles Schwab Investment Management Inc. increased its stake in Victory Capital by 4.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 511,553 shares of the company’s stock valued at $29,604,000 after purchasing an additional 19,508 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Victory Capital by 5.7% during the fourth quarter. Northern Trust Corp now owns 435,766 shares of the company’s stock worth $28,525,000 after purchasing an additional 23,463 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

VCTR has been the subject of several research reports. UBS Group cut their price target on Victory Capital from $71.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Barclays upped their price target on shares of Victory Capital from $62.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. lowered their price target on shares of Victory Capital from $69.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Morgan Stanley lifted their price objective on Victory Capital from $66.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, 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. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.33.

Victory Capital Price Performance

VCTR opened at $70.87 on Wednesday. Victory Capital Holdings, Inc. has a 1 year low of $47.00 and a 1 year high of $73.42. The company’s 50 day simple moving average is $66.69 and its 200 day simple moving average is $62.84. The stock has a market capitalization of $4.73 billion, a PE ratio of 17.50, a P/E/G ratio of 0.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.37 and a current ratio of 1.37.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The company had revenue of $351.21 million for the quarter, compared to the consensus estimate of $348.89 million. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. Victory Capital’s revenue was up 59.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 earnings per share. As a group, sell-side analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Wednesday, September 10th will be issued a $0.49 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.96 dividend on an annualized basis and a yield of 2.8%. Victory Capital’s dividend payout ratio (DPR) is presently 48.40%.

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.