Illinois Municipal Retirement Fund Takes $1.66 Million Position in Victory Capital Holdings, Inc. $VCTR

Illinois Municipal Retirement Fund bought a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 25,573 shares of the company’s stock, valued at approximately $1,656,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its holdings in shares of Victory Capital by 2,131.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock worth $27,000 after purchasing an additional 405 shares in the last quarter. CWM LLC boosted its stake in Victory Capital by 29.0% in the third quarter. CWM LLC now owns 973 shares of the company’s stock worth $63,000 after buying an additional 219 shares in the last quarter. AdvisorNet Financial Inc bought a new position in Victory Capital during the third quarter valued at approximately $65,000. Quantbot Technologies LP raised its stake in shares of Victory Capital by 206.0% during the second quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock worth $78,000 after acquiring an additional 824 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Victory Capital by 25.1% during the third quarter. Farther Finance Advisors LLC now owns 1,882 shares of the company’s stock worth $122,000 after acquiring an additional 378 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Zacks Research lowered shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. raised their price objective on Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada boosted their target price on Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Morgan Stanley decreased their price target on Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Victory Capital has an average rating of “Moderate Buy” and a consensus price target of $75.38.

Victory Capital Trading Up 0.8%

NASDAQ VCTR opened at $75.32 on Wednesday. The stock has a market cap of $4.89 billion, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 0.78 and a beta of 1.05. Victory Capital Holdings, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $77.78. The stock has a 50 day simple moving average of $67.76 and a two-hundred day simple moving average of $66.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.26 and a current ratio of 1.47.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, February 4th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. The company had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The firm’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 earnings per share. On average, 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 announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.6%. Victory Capital’s payout ratio is presently 48.16%.

Victory Capital Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.