Aurora Investment Counsel Buys Shares of 34,044 Victory Capital Holdings, Inc. $VCTR

Aurora Investment Counsel purchased a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,044 shares of the company’s stock, valued at approximately $2,205,000. Aurora Investment Counsel owned about 0.05% of Victory Capital as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amundi acquired a new position in shares of Victory Capital during the second quarter worth $213,219,000. Vanguard Group Inc. grew its stake in Victory Capital by 12.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock worth $307,073,000 after buying an additional 515,845 shares during the last quarter. Geode Capital Management LLC increased its position in Victory Capital by 26.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,359,120 shares of the company’s stock valued at $86,545,000 after buying an additional 285,137 shares in the last quarter. Principal Financial Group Inc. raised its stake in Victory Capital by 8,812.2% in the third quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock valued at $18,175,000 after buying an additional 277,497 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in Victory Capital by 132.1% in the third quarter. Public Sector Pension Investment Board now owns 336,740 shares of the company’s stock worth $21,807,000 after acquiring an additional 191,674 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on VCTR shares. Barclays set a $69.00 price objective on shares of Victory Capital in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Royal Bank Of Canada boosted their price objective on shares of Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. Morgan Stanley reduced their target price on Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price target on Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.38.

Victory Capital Stock Performance

NASDAQ VCTR opened at $75.59 on Friday. The firm has a market capitalization of $4.91 billion, a P/E ratio of 18.57, a PEG ratio of 0.79 and a beta of 1.05. The stock has a 50-day simple moving average of $68.49 and a two-hundred day simple moving average of $67.00. 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 Holdings, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $77.78.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, February 4th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.66 by $0.12. The firm had revenue of $374.12 million for the quarter, compared to analyst estimates of $371.09 million. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.Victory Capital’s revenue for the quarter was up 61.0% compared to the same quarter last year. During the same period last year, the company earned $1.45 earnings per share. On average, equities analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, March 10th. Victory Capital’s payout ratio is 48.16%.

About Victory Capital

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.