Vanguard Group Inc. Has $307.07 Million Stake in Victory Capital Holdings, Inc. $VCTR

Vanguard Group Inc. grew its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,741,715 shares of the company’s stock after buying an additional 515,845 shares during the quarter. Vanguard Group Inc. owned 7.10% of Victory Capital worth $307,073,000 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. Nisa Investment Advisors LLC raised its stake in shares of Victory Capital by 2,131.6% in the second quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock valued at $27,000 after acquiring an additional 405 shares during the last quarter. CWM LLC raised its stake in shares of Victory Capital by 29.0% in 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 last quarter. AdvisorNet Financial Inc acquired a new position in shares of Victory Capital during the third quarter worth approximately $65,000. Quantbot Technologies LP raised its position in Victory Capital by 206.0% in the 2nd quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock worth $78,000 after purchasing an additional 824 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Victory Capital by 25.1% in the third quarter. Farther Finance Advisors LLC now owns 1,882 shares of the company’s stock worth $122,000 after purchasing an additional 378 shares during the period. Institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $69.18 on Friday. The firm has a market cap of $4.49 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 0.75 and a beta of 1.05. The business’s 50 day moving average is $69.52 and its 200-day moving average is $67.17. 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 Holdings, Inc. has a 1-year low of $47.00 and a 1-year high of $77.78.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate 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 last year, the business earned $1.45 EPS. The company’s quarterly revenue was up 61.0% compared to the same quarter last year. Equities research analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.49 per share. 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 currently 48.16%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on VCTR shares. Morgan Stanley cut their price objective on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 3rd. Barclays set a $69.00 price objective on Victory Capital in a research note on Friday, February 6th. Zacks Research downgraded shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. lifted their target price on Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Finally, Wall Street Zen raised 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. According to data from MarketBeat.com, Victory Capital has an average rating of “Moderate Buy” and a consensus target price of $75.38.

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.