Quantinno Capital Management LP Boosts Holdings in Victory Capital Holdings, Inc. $VCTR

Quantinno Capital Management LP lifted its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 531.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,365 shares of the company’s stock after purchasing an additional 43,234 shares during the period. Quantinno Capital Management LP’s holdings in Victory Capital were worth $3,363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Impax Asset Management Group plc lifted its holdings in Victory Capital by 8.3% in the 4th quarter. Impax Asset Management Group plc now owns 650,000 shares of the company’s stock worth $41,008,000 after buying an additional 50,000 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Victory Capital by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock valued at $303,769,000 after acquiring an additional 73,142 shares in the last quarter. Annex Advisory Services LLC grew its stake in shares of Victory Capital by 5.6% during the fourth quarter. Annex Advisory Services LLC now owns 574,699 shares of the company’s stock valued at $36,258,000 after acquiring an additional 30,621 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Victory Capital during the first quarter worth about $1,382,000. Finally, First Trust Advisors LP increased its position in shares of Victory Capital by 34.8% during the first quarter. First Trust Advisors LP now owns 103,792 shares of the company’s stock worth $6,796,000 after acquiring an additional 26,801 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VCTR shares. Wall Street Zen raised Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Zacks Research upgraded Victory Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. JPMorgan Chase & Co. upped their target price on Victory Capital from $87.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday. Royal Bank Of Canada raised their price target on shares of Victory Capital from $107.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Barclays lifted their price target on shares of Victory Capital from $95.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.29.

Victory Capital Trading Up 1.3%

NASDAQ:VCTR opened at $108.16 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $91.83 and its two-hundred day moving average is $79.92. Victory Capital Holdings, Inc. has a 52 week low of $57.03 and a 52 week high of $109.93. The company has a market cap of $6.76 billion, a PE ratio of 19.88, a P/E/G ratio of 1.26 and a beta of 1.08.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.79 by $0.42. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%.The company had revenue of $435.36 million during the quarter, compared to analyst estimates of $386.09 million. On average, analysts predict that Victory Capital Holdings, Inc. will post 7.38 EPS for the current year.

Victory Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, September 10th. Victory Capital’s payout ratio is currently 36.76%.

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.