Rhumbline Advisers Increases Stock Holdings in Victory Capital Holdings, Inc. $VCTR

Rhumbline Advisers boosted its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 93.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,360 shares of the company’s stock after purchasing an additional 62,119 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of Victory Capital worth $8,313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in VCTR. Nisa Investment Advisors LLC increased its stake in shares of Victory Capital by 2,131.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock valued at $27,000 after acquiring an additional 405 shares during the last quarter. CWM LLC increased its position in Victory Capital by 29.0% during the third quarter. CWM LLC now owns 973 shares of the company’s stock worth $63,000 after purchasing an additional 219 shares during the last quarter. AdvisorNet Financial Inc purchased a new position in Victory Capital during the third quarter worth approximately $65,000. Quantbot Technologies LP boosted its holdings in shares of Victory Capital by 206.0% in the 2nd quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock valued at $78,000 after purchasing an additional 824 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Victory Capital by 25.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,882 shares of the company’s stock valued at $122,000 after buying an additional 378 shares during the period. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Victory Capital Stock Down 0.5%

Shares of Victory Capital stock opened at $75.59 on Friday. Victory Capital Holdings, Inc. has a 1-year low of $47.00 and a 1-year high of $77.78. The company has a market capitalization of $4.91 billion, a PE ratio of 18.57, a P/E/G ratio of 0.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.47 and a quick ratio of 1.26. The business has a 50-day moving average of $68.49 and a 200-day moving average of $67.00.

Victory Capital (NASDAQ:VCTR) last issued its quarterly 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. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The firm had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. During the same quarter in the prior year, the business posted $1.45 earnings per share. Victory Capital’s revenue for the quarter was up 61.0% on a year-over-year basis. As a group, equities analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th will be given 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 dividend payout ratio (DPR) is presently 48.16%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on VCTR shares. Zacks Research lowered Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. raised their price objective on Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Barclays set a $69.00 target price on shares of Victory Capital in a research report on Friday, February 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Victory Capital has a consensus rating of “Moderate Buy” and an average target price of $75.38.

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.