Magnetar Financial LLC Makes New $648,000 Investment in Victory Capital Holdings, Inc. $VCTR

Magnetar Financial LLC purchased a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,171 shares of the company’s stock, valued at approximately $648,000.

A number of other large investors have also bought and sold shares of the stock. Victory Capital Management Inc. grew its holdings in shares of Victory Capital by 491.4% during the first quarter. Victory Capital Management Inc. now owns 54,317 shares of the company’s stock valued at $3,143,000 after buying an additional 45,133 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of Victory Capital in the first quarter worth $646,000. HB Wealth Management LLC purchased a new position in shares of Victory Capital in the 1st quarter worth about $201,000. FourThought Financial Partners LLC lifted its holdings in shares of Victory Capital by 11.5% in the 1st quarter. FourThought Financial Partners LLC now owns 3,594 shares of the company’s stock worth $208,000 after acquiring an additional 372 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Victory Capital by 37.5% in the first quarter. LPL Financial LLC now owns 30,105 shares of the company’s stock worth $1,742,000 after buying an additional 8,209 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Stock Performance

Shares of NASDAQ:VCTR opened at $62.04 on Tuesday. The firm’s 50 day simple moving average is $64.51 and its 200-day simple moving average is $65.82. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.26 and a current ratio of 1.26. Victory Capital Holdings, Inc. has a one year low of $47.00 and a one year high of $73.42. The firm has a market cap of $4.03 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 0.61 and a beta of 1.10.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, November 6th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.03. Victory Capital had a return on equity of 24.23% and a net margin of 25.27%.The company had revenue of $361.20 million for the quarter, compared to analyst estimates of $361.14 million. During the same quarter in the previous year, the firm earned $1.35 earnings per share. The firm’s quarterly revenue was up 60.1% compared to the same quarter last year. As a group, equities analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.2%. Victory Capital’s dividend payout ratio is presently 50.00%.

Analyst Ratings Changes

A number of research firms recently commented on VCTR. Zacks Research lowered shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. lowered their price target on Victory Capital from $71.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Bank of America lifted their target price on Victory Capital from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. B. Riley increased their price objective on Victory Capital from $74.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.89.

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.