Elo Mutual Pension Insurance Co Purchases 10,233 Shares of Victory Capital Holdings, Inc. $VCTR

Elo Mutual Pension Insurance Co grew its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 61.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,995 shares of the company’s stock after acquiring an additional 10,233 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Victory Capital were worth $1,748,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC raised 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 valued at $27,000 after purchasing an additional 405 shares during the period. CWM LLC raised its stake in Victory Capital by 29.0% in the third quarter. CWM LLC now owns 973 shares of the company’s stock valued at $63,000 after buying an additional 219 shares during the period. AdvisorNet Financial Inc bought a new stake in Victory Capital in the third quarter valued at approximately $65,000. Quantbot Technologies LP lifted its position in shares of Victory Capital by 206.0% in the second quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock valued at $78,000 after buying an additional 824 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in shares of Victory Capital during the 3rd quarter worth approximately $81,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Price Performance

NASDAQ:VCTR opened at $68.71 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 0.72 and a beta of 1.04. Victory Capital Holdings, Inc. has a 52 week low of $47.00 and a 52 week high of $77.78. The firm’s 50-day simple moving average is $69.80 and its 200 day simple moving average is $67.08.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share (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 business posted $1.45 EPS. The business’s revenue was up 61.0% compared to the same quarter last year. As a group, sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.96 annualized dividend and a yield of 2.9%. Victory Capital’s payout ratio is currently 48.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VCTR shares. Wall Street Zen raised Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Royal Bank Of Canada increased their price objective on shares of Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. Barclays set a $69.00 target price on shares of Victory Capital in a report on Friday, February 6th. JPMorgan Chase & Co. upped their price target on shares of Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Finally, Zacks Research downgraded shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Victory Capital presently has an average rating of “Moderate Buy” and a consensus price target 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.