Victory Capital Holdings, Inc. $VCTR Shares Purchased by CenterBook Partners LP

CenterBook Partners LP boosted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 120.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,968 shares of the company’s stock after purchasing an additional 30,078 shares during the period. CenterBook Partners LP owned about 0.08% of Victory Capital worth $3,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted 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 buying an additional 405 shares during the period. CWM LLC grew its holdings 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 acquiring an additional 219 shares during the period. AdvisorNet Financial Inc purchased a new position in Victory Capital during the third quarter valued at approximately $65,000. Quantbot Technologies LP lifted its holdings in 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 acquiring an additional 824 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new stake in Victory Capital in the 3rd quarter worth approximately $81,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VCTR has been the subject of several recent research reports. Barclays set a $69.00 target price on shares of Victory Capital in a report on Friday, February 6th. 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 report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, January 21st. Morgan Stanley reduced their price target on Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Tuesday, February 3rd. Finally, Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Victory Capital presently has an average rating of “Moderate Buy” and a consensus price target of $75.38.

Victory Capital Price Performance

NASDAQ:VCTR opened at $75.65 on Thursday. The firm has a market cap of $4.91 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 0.79 and a beta of 1.05. The stock has a 50 day moving average of $68.00 and a two-hundred day moving average of $66.91. Victory Capital Holdings, Inc. has a 12 month low of $47.00 and a 12 month high of $77.78. The company has a current ratio of 1.47, a quick ratio of 1.26 and a debt-to-equity ratio of 0.40.

Victory Capital (NASDAQ:VCTR) last issued its quarterly 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 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 analyst estimates of $371.09 million. During the same period in the previous year, the company posted $1.45 earnings per share. The business’s revenue was up 61.0% on a year-over-year basis. On average, analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

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

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.