Amalgamated Bank Has $910,000 Stake in Victory Capital Holdings, Inc. $VCTR

Amalgamated Bank raised its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 884.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,054 shares of the company’s stock after buying an additional 12,626 shares during the period. Amalgamated Bank’s holdings in Victory Capital were worth $910,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VCTR. Baird Financial Group Inc. grew its holdings in shares of Victory Capital by 1.6% in the 2nd quarter. Baird Financial Group Inc. now owns 10,332 shares of the company’s stock valued at $658,000 after acquiring an additional 163 shares in the last quarter. ProShare Advisors LLC boosted its position in Victory Capital by 2.0% during the second quarter. ProShare Advisors LLC now owns 9,081 shares of the company’s stock valued at $578,000 after purchasing an additional 175 shares during the last quarter. McIlrath & Eck LLC grew its stake in Victory Capital by 2.0% in the third quarter. McIlrath & Eck LLC now owns 10,056 shares of the company’s stock valued at $651,000 after purchasing an additional 196 shares in the last quarter. American Century Companies Inc. grew its stake in Victory Capital by 1.9% in the second quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock valued at $757,000 after purchasing an additional 217 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in shares of Victory Capital by 5.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,521 shares of the company’s stock worth $288,000 after purchasing an additional 218 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Stock Performance

VCTR opened at $67.97 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $4.41 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 0.68 and a beta of 1.07. The business has a fifty day simple moving average of $64.50 and a 200 day simple moving average of $66.37. Victory Capital Holdings, Inc. has a 1 year low of $47.00 and a 1 year high of $73.00.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, November 6th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.03. Victory Capital had a return on equity of 24.23% and a net margin of 25.27%.The company had revenue of $361.20 million during the quarter, compared to the consensus estimate of $361.14 million. During the same quarter last year, the firm earned $1.35 earnings per share. The company’s revenue was up 60.1% on a year-over-year basis. Research analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th were issued a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $1.96 dividend on an annualized basis and a yield of 2.9%. Victory Capital’s payout ratio is currently 50.00%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays decreased their target price 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. JPMorgan Chase & Co. lifted their price objective on shares of Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday. Zacks Research downgraded shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Finally, Bank of America lifted their price target on Victory Capital from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.11.

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.