GS Investments Inc. lessened its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR – Free Report) by 39.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,600 shares of the company’s stock after selling 10,000 shares during the quarter. GS Investments Inc.’s holdings in Victory Capital were worth $1,021,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in VCTR. Planned Solutions Inc. raised its position in shares of Victory Capital by 4.6% in the 4th quarter. Planned Solutions Inc. now owns 3,546 shares of the company’s stock worth $224,000 after acquiring an additional 155 shares in the last quarter. Baird Financial Group Inc. boosted its position in Victory Capital by 1.6% during the second quarter. Baird Financial Group Inc. now owns 10,332 shares of the company’s stock valued at $658,000 after purchasing an additional 163 shares in the last quarter. American Century Companies Inc. boosted its position in Victory Capital by 1.9% during the second quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock valued at $757,000 after purchasing an additional 217 shares in the last quarter. ProShare Advisors LLC grew its stake in Victory Capital by 2.6% in the fourth quarter. ProShare Advisors LLC now owns 8,654 shares of the company’s stock valued at $546,000 after purchasing an additional 222 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Victory Capital by 48.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after purchasing an additional 246 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
VCTR has been the subject of several analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $95.00 price target on shares of Victory Capital in a research report on Tuesday, May 12th. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research note on Monday, April 20th. Barclays increased their target price on shares of Victory Capital from $85.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Zacks Research upgraded shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.43.
Victory Capital Price Performance
Shares of VCTR opened at $98.52 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.13. The company’s fifty day moving average price is $87.56 and its 200-day moving average price is $76.34. Victory Capital Holdings, Inc. has a 1-year low of $57.03 and a 1-year high of $102.05. The firm has a market capitalization of $6.16 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09.
Victory Capital (NASDAQ:VCTR – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The company had revenue of $387.99 million during the quarter, compared to analyst estimates of $364.97 million. During the same quarter last year, the business posted $1.36 EPS. The firm’s quarterly revenue was up 76.7% on a year-over-year basis. On average, equities research analysts predict that Victory Capital Holdings, Inc. will post 7.38 EPS for the current year.
Victory Capital Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were paid a $0.50 dividend. The ex-dividend date was Wednesday, June 10th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a dividend yield of 2.0%. Victory Capital’s dividend payout ratio (DPR) is 45.05%.
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.
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