Capital World Investors Has $94.28 Million Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Capital World Investors grew its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 85.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,221,954 shares of the company’s stock after acquiring an additional 1,025,954 shares during the quarter. Capital World Investors owned 3.45% of Victory Capital worth $94,278,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VCTR. Blue Trust Inc. raised its holdings in Victory Capital by 93.5% during the fourth quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock worth $41,000 after acquiring an additional 602 shares in the last quarter. ProShare Advisors LLC bought a new stake in shares of Victory Capital during the 1st quarter worth approximately $205,000. Janney Montgomery Scott LLC bought a new stake in shares of Victory Capital during the 1st quarter worth approximately $231,000. Foundry Partners LLC acquired a new stake in shares of Victory Capital in the 1st quarter valued at approximately $232,000. Finally, Horizon Investment Services LLC bought a new position in shares of Victory Capital in the first quarter valued at $277,000. 87.71% of the stock is owned by institutional investors.

Victory Capital Stock Up 1.5 %

Shares of NASDAQ:VCTR opened at $53.45 on Friday. The firm has a market cap of $3.46 billion, a P/E ratio of 16.40, a P/E/G ratio of 0.61 and a beta of 0.93. The business has a fifty day simple moving average of $50.36 and a 200 day simple moving average of $44.38. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.92. Victory Capital Holdings, Inc. has a 12-month low of $28.66 and a 12-month high of $54.94.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Thursday, May 9th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. Victory Capital had a net margin of 26.28% and a return on equity of 29.23%. The business had revenue of $215.86 million during the quarter, compared to the consensus estimate of $219.14 million. Analysts predict that Victory Capital Holdings, Inc. will post 5.13 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Monday, June 10th were given a dividend of $0.37 per share. This is a positive change from Victory Capital’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, June 10th. This represents a $1.48 annualized dividend and a dividend yield of 2.77%. Victory Capital’s dividend payout ratio is presently 45.40%.

Analysts Set New Price Targets

VCTR has been the topic of several analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $57.00 price target (up from $55.00) on shares of Victory Capital in a research report on Monday, May 13th. UBS Group dropped their target price on shares of Victory Capital from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Morgan Stanley boosted their price target on Victory Capital from $32.00 to $39.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 15th. Bank of America reduced their target price on shares of Victory Capital from $59.00 to $58.00 and set a “buy” rating for the company in a report on Friday, July 12th. Finally, Royal Bank of Canada increased their price objective on Victory Capital from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Victory Capital presently has a consensus rating of “Hold” and a consensus price target of $51.57.

About Victory Capital

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.