157,583 Shares of Victory Capital Holdings, Inc. $VCTR Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management acquired 157,583 Victory Capital shares worth approximately $17.4 million, giving it a 0.26% stake. Institutional investors collectively own 87.71% of the company.
• Analysts maintain a consensus “Hold” rating with an average price target of $118, although Barclays and Royal Bank of Canada recently raised their targets.
• Victory Capital recently exceeded quarterly earnings and revenue expectations, reporting $2.21 in EPS and $435.36 million in revenue. The company also pays a quarterly dividend of $0.50, representing a 1.8% annualized yield.

Assenagon Asset Management S.A. bought a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 157,583 shares of the company's stock, valued at approximately $17,429,000. Assenagon Asset Management S.A. owned 0.26% of Victory Capital at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VCTR. Nykredit A S purchased a new position in shares of Victory Capital in the second quarter worth $26,000. Caitong International Asset Management Co. Ltd raised its holdings in Victory Capital by 19,350.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company's stock valued at $25,000 after buying an additional 387 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Victory Capital during the 2nd quarter valued at $44,000. Cassaday & Co Wealth Management LLC purchased a new stake in Victory Capital during the 1st quarter valued at $46,000. Finally, PNC Financial Services Group Inc. boosted its position in Victory Capital by 56.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,175 shares of the company's stock valued at $77,000 after buying an additional 422 shares during the period. 87.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays upped their price objective on shares of Victory Capital from $112.00 to $121.00 and gave the company an "equal weight" rating in a research note on Wednesday. UBS Group set a $117.00 price target on shares of Victory Capital in a report on Friday, August 28th. Weiss Ratings upgraded shares of Victory Capital from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, October 8th. Royal Bank Of Canada boosted their price objective on shares of Victory Capital from $107.00 to $118.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Finally, The Goldman Sachs Group boosted their price target on shares of Victory Capital from $100.00 to $117.00 and gave the company a "neutral" rating in a research report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $118.00.

Victory Capital Stock Performance

Shares of VCTR opened at $108.60 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market cap of $6.68 billion, a P/E ratio of 19.96, a P/E/G ratio of 0.50 and a beta of 1.12. The business's 50 day moving average price is $112.17 and its 200-day moving average price is $94.68. Victory Capital Holdings, Inc. has a 52 week low of $57.03 and a 52 week high of $123.55.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.42. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. The company had revenue of $435.36 million during the quarter, compared to analyst estimates of $386.09 million. Equities research analysts anticipate that Victory Capital Holdings, Inc. will post 7.79 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Thursday, September 10th were paid 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 1.8%. Victory Capital's payout ratio is presently 36.76%.

Victory Capital Company Profile

Victory Capital Holdings, Inc is an investment management company headquartered in San Antonio, Texas. Through its investment management businesses and affiliated brands, the company provides a range of actively managed and rules-based investment strategies for individual investors, financial intermediaries, retirement plans, institutions and other organizations.

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

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