Bahl & Gaynor Inc. Has $111.64 Million Stock Holdings in Victory Capital Holdings, Inc. $VCTR

Bahl & Gaynor Inc. lifted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 4.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,723,897 shares of the company’s stock after acquiring an additional 79,013 shares during the period. Bahl & Gaynor Inc. owned approximately 2.58% of Victory Capital worth $111,640,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Victory Capital by 12.2% during the third quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock worth $307,073,000 after purchasing an additional 515,845 shares during the period. Amundi bought a new stake in shares of Victory Capital in the 2nd quarter valued at approximately $213,219,000. Geode Capital Management LLC raised its holdings in shares of Victory Capital by 26.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,359,120 shares of the company’s stock worth $86,545,000 after buying an additional 285,137 shares in the last quarter. State Street Corp lifted its position in shares of Victory Capital by 3.3% during the 2nd quarter. State Street Corp now owns 1,239,361 shares of the company’s stock worth $78,910,000 after buying an additional 39,986 shares during the period. Finally, Royce & Associates LP boosted its stake in Victory Capital by 12.0% in the 3rd quarter. Royce & Associates LP now owns 566,062 shares of the company’s stock valued at $36,658,000 after buying an additional 60,432 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on VCTR. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, January 21st. Royal Bank Of Canada upped their target price on shares of Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a report on Tuesday, February 10th. JPMorgan Chase & Co. lifted their price target on shares of Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Morgan Stanley reduced their price target on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 3rd. Finally, Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Five 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.38.

Victory Capital Stock Performance

Shares of NASDAQ:VCTR opened at $69.18 on Monday. The business has a fifty day moving average of $69.52 and a 200-day moving average of $67.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.47 and a current ratio of 1.47. Victory Capital Holdings, Inc. has a twelve month low of $47.00 and a twelve month high of $77.78. The firm has a market cap of $4.49 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 0.73 and a beta of 1.04.

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

Victory Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, March 10th. Victory Capital’s payout ratio is 48.16%.

Victory Capital Company 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.