Victory Capital Holdings, Inc. $VCTR Stock Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 286.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 25,900 shares of the company’s stock after acquiring an additional 19,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Victory Capital were worth $2,865,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Hanseatic Management Services Inc. purchased a new stake in Victory Capital during the 3rd quarter worth approximately $1,050,000. Signaturefd LLC increased its stake in Victory Capital by 71.6% during the 3rd quarter. Signaturefd LLC now owns 1,690 shares of the company’s stock valued at $187,000 after purchasing an additional 705 shares in the last quarter. Evanson Financial LLC acquired a new position in Victory Capital during the 3rd quarter valued at approximately $5,761,000. Wedbush Securities Inc. purchased a new position in shares of Victory Capital in the third quarter worth $202,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of Victory Capital in the third quarter worth $229,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Up 3.3%

VCTR stock opened at $114.31 on Tuesday. Victory Capital Holdings, Inc. has a one year low of $57.03 and a one year high of $123.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The firm’s fifty day moving average is $110.90 and its 200 day moving average is $89.34. The firm has a market cap of $7.03 billion, a PE ratio of 21.01, a P/E/G ratio of 0.52 and a beta of 1.12.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.42. The company had revenue of $435.36 million during the quarter, compared to analysts’ expectations of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. On average, research analysts forecast that Victory Capital Holdings, Inc. will post 7.78 EPS for the current year.

Victory Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 10th were issued a $0.50 dividend. The ex-dividend date was Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.7%. Victory Capital’s dividend payout ratio (DPR) is presently 36.76%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VCTR. Weiss Ratings raised shares of Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Zacks Research downgraded Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. JPMorgan Chase & Co. raised their target price on Victory Capital from $101.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, October 16th. Royal Bank Of Canada lifted their price target on Victory Capital from $107.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, Morgan Stanley boosted their price target on Victory Capital from $115.00 to $119.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $118.67.

Victory Capital Company Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.