9,497 Shares of Victory Capital Holdings, Inc. $VCTR Bought by Hanseatic Management Services Inc.

Key Points

• Hanseatic Management Services acquired 9,497 Victory Capital shares worth approximately $1.05 million in the third quarter. Institutional investors collectively own 87.71% of the company.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $118.67; targets from JPMorgan and RBC were raised to $120 and $118, respectively.
• Victory Capital exceeded quarterly earnings and revenue expectations, reporting EPS of $2.21 and revenue of $435.36 million. The company also pays a quarterly dividend of $0.50 per share, representing a 1.8% yield.

Hanseatic Management Services Inc. bought a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,497 shares of the company's stock, valued at approximately $1,050,000.

Several other institutional investors and hedge funds have also bought and sold shares of VCTR. Nykredit A S bought a new position in Victory Capital in the second quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new position in shares of Victory Capital during the 3rd quarter worth approximately $34,000. Public Employees Retirement System of Ohio bought a new stake in shares of Victory Capital during the 2nd quarter worth approximately $44,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Victory Capital during the 1st quarter worth approximately $46,000. Finally, USA Financial Formulas acquired a new stake in shares of Victory Capital in the 3rd quarter valued at approximately $74,000. Institutional investors own 87.71% of the company's stock.

Analyst Upgrades and Downgrades

VCTR has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Victory Capital from $101.00 to $120.00 and gave the company a "neutral" rating in a research report on Friday, October 16th. Weiss Ratings raised Victory Capital from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, October 8th. Royal Bank Of Canada increased 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 target on Victory Capital in a report on Friday, August 28th. Finally, Zacks Research downgraded Victory Capital from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $118.67.

Victory Capital Stock Up 1.1%

Victory Capital stock opened at $111.87 on Thursday. The stock has a market cap of $6.88 billion, a P/E ratio of 20.56, a P/E/G ratio of 0.50 and a beta of 1.12. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. Victory Capital Holdings, Inc. has a twelve month low of $57.03 and a twelve month high of $123.55. The company's 50-day moving average price is $111.01 and its two-hundred day moving average price is $88.67.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $386.09 million. As a group, analysts expect that Victory Capital Holdings, Inc. will post 7.76 EPS for the current 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 issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, September 10th. Victory Capital's dividend payout ratio (DPR) is presently 36.76%.

Victory Capital Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

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

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