Thrivent Financial for Lutherans Purchases Shares of 35,653 Victory Capital Holdings, Inc. $VCTR

Thrivent Financial for Lutherans acquired a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 35,653 shares of the company’s stock, valued at approximately $2,309,000.

Several other hedge funds have also modified their holdings of VCTR. Baird Financial Group Inc. boosted its position in shares of Victory Capital by 1.6% during 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 during the last quarter. ProShare Advisors LLC raised its stake 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 in the last quarter. McIlrath & Eck LLC raised its stake in Victory Capital by 2.0% during 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. lifted its position in Victory Capital by 1.9% during 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 during the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Victory Capital by 5.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,521 shares of the company’s stock worth $288,000 after buying an additional 218 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Stock Performance

Victory Capital stock opened at $76.86 on Wednesday. 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 firm has a market capitalization of $4.99 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 0.74 and a beta of 1.05. Victory Capital Holdings, Inc. has a 1-year low of $47.00 and a 1-year high of $77.02. The company’s 50-day moving average is $66.53 and its 200 day moving average is $66.63.

Victory Capital (NASDAQ:VCTR) last released its 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 for the quarter, compared to analysts’ expectations of $371.09 million. During the same quarter in the prior year, the firm posted $1.45 earnings per share. The company’s quarterly revenue was up 61.0% on a year-over-year basis. Research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be paid a $0.49 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.96 dividend on an annualized basis and a yield of 2.6%. Victory Capital’s dividend payout ratio (DPR) is presently 48.16%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VCTR shares. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price objective on Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada upped their price objective on Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research report on Tuesday. Morgan Stanley lowered their price objective 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, Barclays set a $69.00 target price on Victory Capital in a report on Friday. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Victory Capital has a consensus rating of “Moderate Buy” and an average target price of $75.38.

Victory Capital 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.