Swedbank AB decreased its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR – Free Report) by 18.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 410,000 shares of the company’s stock after selling 90,000 shares during the period. Swedbank AB’s holdings in Victory Capital were worth $26,847,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position in Victory Capital by 19,350.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock worth $25,000 after acquiring an additional 387 shares in the last quarter. Core Wealth Advisors LLC bought a new position in shares of Victory Capital during the 4th quarter valued at about $30,000. Covestor Ltd grew its stake in shares of Victory Capital by 99.7% in the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after purchasing an additional 334 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Victory Capital by 48.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock worth $48,000 after purchasing an additional 246 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Victory Capital by 146.4% in the 4th quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after purchasing an additional 511 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on VCTR shares. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen raised Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. The Goldman Sachs Group assumed coverage on Victory Capital in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $90.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $95.00 price objective on shares of Victory Capital in a research report on Tuesday, May 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research note on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $86.00.
Victory Capital Stock Performance
Victory Capital stock opened at $88.24 on Thursday. Victory Capital Holdings, Inc. has a fifty-two week low of $57.03 and a fifty-two week high of $91.56. The firm’s 50 day simple moving average is $85.42 and its 200-day simple moving average is $74.87. 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 has a market cap of $5.52 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 0.94 and a beta of 1.09.
Victory Capital (NASDAQ:VCTR – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.63 by $0.19. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The business had revenue of $387.99 million during the quarter, compared to the consensus estimate of $364.97 million. During the same quarter in the prior year, the firm earned $1.36 EPS. The firm’s quarterly revenue was up 76.7% on a year-over-year basis. As a group, equities research analysts predict that Victory Capital Holdings, Inc. will post 7.21 EPS for the current year.
Victory Capital Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.50 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $2.00 annualized dividend and a yield of 2.3%. Victory Capital’s dividend payout ratio (DPR) is presently 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.
Recommended Stories
- Five stocks we like better than Victory Capital
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
- Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
Want to see what other hedge funds are holding VCTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Victory Capital Holdings, Inc. (NASDAQ:VCTR – Free Report).
Receive News & Ratings for Victory Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victory Capital and related companies with MarketBeat.com's FREE daily email newsletter.
