9,258 Shares in Victory Capital Holdings, Inc. $VCTR Purchased by denkapparat Operations GmbH

denkapparat Operations GmbH acquired a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,258 shares of the company's stock, valued at approximately $778,000.

Several other large investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Victory Capital by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,469 shares of the company's stock worth $1,416,000 after acquiring an additional 1,060 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Victory Capital by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 366,318 shares of the company's stock valued at $21,199,000 after purchasing an additional 5,685 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Victory Capital by 10.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,285 shares of the company's stock valued at $5,688,000 after purchasing an additional 9,319 shares during the period. Jane Street Group LLC bought a new position in Victory Capital in the first quarter worth approximately $3,747,000. Finally, Intech Investment Management LLC grew its stake in Victory Capital by 18.8% in the first quarter. Intech Investment Management LLC now owns 20,442 shares of the company's stock worth $1,183,000 after purchasing an additional 3,237 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VCTR. The Goldman Sachs Group lifted their target price on Victory Capital from $100.00 to $117.00 and gave the company a "neutral" rating in a research report on Thursday, August 27th. Weiss Ratings downgraded Victory Capital from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, August 25th. Royal Bank Of Canada raised their price target on Victory Capital from $107.00 to $118.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. UBS Group set a $117.00 price objective on Victory Capital in a report on Friday, August 28th. Finally, Morgan Stanley set a $91.00 price objective on Victory Capital in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $105.71.

Victory Capital Stock Up 1.9%

Victory Capital stock opened at $113.46 on Friday. 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 firm has a market cap of $6.98 billion, a P/E ratio of 20.86, a P/E/G ratio of 0.93 and a beta of 1.09. The business has a fifty day moving average of $103.15 and a two-hundred day moving average of $86.03. Victory Capital Holdings, Inc. has a twelve month low of $57.03 and a twelve month high of $123.55.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $0.42. The business had revenue of $435.36 million for the quarter, compared to the consensus estimate of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. On average, analysts forecast that Victory Capital Holdings, Inc. will post 7.62 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, September 10th. Victory Capital's payout ratio is 36.76%.

About Victory Capital

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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