Rhumbline Advisers Raises Holdings in Victory Capital Holdings, Inc. $VCTR

Rhumbline Advisers lifted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 5.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 58,136 shares of the company’s stock after acquiring an additional 3,027 shares during the period. Rhumbline Advisers owned approximately 0.09% of Victory Capital worth $3,364,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in Victory Capital by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,570 shares of the company’s stock valued at $997,000 after buying an additional 5,807 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Victory Capital by 3.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 128,061 shares of the company’s stock worth $7,411,000 after buying an additional 4,377 shares during the period. SG Americas Securities LLC acquired a new position in shares of Victory Capital during the 1st quarter worth approximately $657,000. KBC Group NV acquired a new position in shares of Victory Capital during the 1st quarter worth approximately $131,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Victory Capital by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 511,553 shares of the company’s stock worth $29,604,000 after buying an additional 19,508 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Performance

Shares of Victory Capital stock opened at $68.17 on Tuesday. The business has a 50-day moving average of $69.54 and a 200 day moving average of $63.37. Victory Capital Holdings, Inc. has a 12 month low of $47.00 and a 12 month high of $73.42. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 0.73 and a beta of 1.10. 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:VCTR) last announced its earnings results on Thursday, August 7th. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $348.89 million. During the same period last year, the business posted $1.31 EPS. Victory Capital’s revenue for the quarter was up 59.9% on a year-over-year basis. As a group, sell-side analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Wednesday, September 10th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, September 10th. Victory Capital’s dividend payout ratio (DPR) is presently 48.40%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VCTR. Wall Street Zen downgraded Victory Capital from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Morgan Stanley increased their price objective on Victory Capital from $66.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, August 18th. Barclays increased their price objective on Victory Capital from $62.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Finally, B. Riley raised their target price on Victory Capital from $74.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.22.

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.