Acadian Asset Management LLC Acquires 4,594 Shares of Victory Capital Holdings, Inc. $VCTR

Acadian Asset Management LLC lifted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 104,034 shares of the company’s stock after purchasing an additional 4,594 shares during the period. Acadian Asset Management LLC owned about 0.15% of Victory Capital worth $6,622,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in Victory Capital by 2,131.6% during the second quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock valued at $27,000 after buying an additional 405 shares during the period. Maseco LLP purchased a new position in shares of Victory Capital in the second quarter worth about $30,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Victory Capital in the 1st quarter valued at about $41,000. Farther Finance Advisors LLC boosted its holdings in Victory Capital by 1,048.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,504 shares of the company’s stock valued at $96,000 after acquiring an additional 1,373 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Victory Capital during the 1st quarter valued at about $98,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Zacks Research downgraded Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. dropped their price target on shares of Victory Capital from $71.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, October 8th. Barclays lowered their price objective on shares of Victory Capital from $72.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Finally, Morgan Stanley increased their target price on shares of Victory Capital from $67.00 to $69.00 and gave the stock a “positive” rating in a report on Monday, October 6th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $74.89.

Victory Capital Price Performance

VCTR stock opened at $63.55 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.26 and a quick ratio of 1.37. Victory Capital Holdings, Inc. has a 1 year low of $47.00 and a 1 year high of $73.42. The firm has a 50-day moving average of $65.74 and a 200 day moving average of $65.54. The company has a market cap of $4.24 billion, a P/E ratio of 16.21, a PEG ratio of 0.61 and a beta of 1.10.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.03. The business had revenue of $361.20 million for the quarter, compared to analysts’ expectations of $361.14 million. Victory Capital had a return on equity of 24.23% and a net margin of 25.27%.The business’s revenue was up 60.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.35 EPS. On average, sell-side analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th will be issued a $0.49 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $1.96 dividend on an annualized basis and a yield of 3.1%. Victory Capital’s dividend payout ratio is 50.00%.

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.