Vanguard Personalized Indexing Management LLC Increases Stock Position in Victory Capital Holdings, Inc. $VCTR

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 55.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,816 shares of the company’s stock after buying an additional 2,063 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Victory Capital were worth $370,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Blue Trust Inc. grew its holdings in Victory Capital by 15.3% during the second quarter. Blue Trust Inc. now owns 3,821 shares of the company’s stock worth $243,000 after acquiring an additional 507 shares during the period. KLP Kapitalforvaltning AS boosted its position in shares of Victory Capital by 14.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 9,400 shares of the company’s stock worth $598,000 after purchasing an additional 1,200 shares in the last quarter. Laurus Global Equity Management Inc. acquired a new position in shares of Victory Capital during the 2nd quarter worth $1,232,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Victory Capital by 13.1% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,008 shares of the company’s stock worth $446,000 after purchasing an additional 812 shares during the period. Finally, Vicus Capital purchased a new position in shares of Victory Capital in the 2nd quarter valued at about $279,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on VCTR shares. Zacks Research raised shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Morgan Stanley boosted their price target on Victory Capital from $67.00 to $69.00 and gave the stock a “positive” rating in a research note on Monday, October 6th. The Goldman Sachs Group restated a “buy” rating and issued a $76.00 price target on shares of Victory Capital in a report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, October 8th. Finally, B. Riley boosted their target price on Victory Capital from $74.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Victory Capital presently has an average rating of “Moderate Buy” and an average price target of $74.00.

Victory Capital Trading Down 2.1%

Shares of Victory Capital stock opened at $63.19 on Friday. Victory Capital Holdings, Inc. has a 1 year low of $47.00 and a 1 year high of $73.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.37. The business has a 50 day moving average price of $68.15 and a 200 day moving average price of $64.77. The company has a market capitalization of $4.22 billion, a P/E ratio of 15.60, a P/E/G ratio of 0.65 and a beta of 1.07.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $348.89 million. During the same quarter last year, the business posted $1.31 earnings per share. Victory Capital’s revenue was up 59.9% compared to the same quarter last year. Sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Wednesday, September 10th were paid a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.96 annualized dividend and a yield of 3.1%. Victory Capital’s payout ratio is presently 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.