Bahl & Gaynor Inc. Boosts Holdings in Victory Capital Holdings, Inc. $VCTR

Key Points

• Bahl & Gaynor Inc. increased its holdings in Victory Capital Holdings, Inc. by 17.2% in Q1, owning 1,825,998 shares valued at $105.67 million.
• Victory Capital's stock price rose by 2.9%, with a market cap of $4.79 billion and current earnings exceeding analysts' expectations for the latest quarter.
• The company recently announced a quarterly dividend of $0.49 per share, representing an annual yield of 2.7% and a payout ratio of 48.40%.

Bahl & Gaynor Inc. raised its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 17.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,825,998 shares of the company's stock after buying an additional 268,573 shares during the period. Bahl & Gaynor Inc. owned about 2.87% of Victory Capital worth $105,671,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VCTR. Raymond James Financial Inc. bought a new position in shares of Victory Capital in the 4th quarter worth $3,813,000. First Trust Advisors LP increased its holdings in shares of Victory Capital by 76.0% in the 4th quarter. First Trust Advisors LP now owns 78,642 shares of the company's stock worth $5,148,000 after buying an additional 33,953 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Victory Capital by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,425,568 shares of the company's stock worth $93,320,000 after buying an additional 33,090 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Victory Capital by 5.7% in the 4th quarter. MetLife Investment Management LLC now owns 25,220 shares of the company's stock worth $1,651,000 after buying an additional 1,359 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Victory Capital by 217.3% in the 4th quarter. Hsbc Holdings PLC now owns 15,353 shares of the company's stock worth $1,010,000 after buying an additional 10,514 shares during the last quarter. Institutional investors own 87.71% of the company's stock.

Victory Capital Trading Up 0.0%

VCTR traded up $0.03 during trading on Thursday, hitting $71.53. 139,544 shares of the stock traded hands, compared to its average volume of 432,751. The firm has a market capitalization of $4.78 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a 50-day moving average of $67.71 and a 200 day moving average of $63.05. Victory Capital Holdings, Inc. has a 12-month low of $47.00 and a 12-month high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The business had revenue of $351.21 million during the quarter, compared to analysts' expectations of $348.89 million. During the same quarter in the prior year, the company posted $1.31 EPS. The firm's revenue for the quarter was up 59.9% compared to the same quarter last year. Equities research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Wednesday, September 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, September 10th. Victory Capital's dividend payout ratio (DPR) is currently 48.40%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VCTR. Morgan Stanley upped their price objective on shares of Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. UBS Group cut their price objective on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Royal Bank Of Canada upped their price objective on shares of Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. B. Riley upped their price objective on shares of Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Finally, Wall Street Zen cut shares of Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Victory Capital currently has an average rating of "Moderate Buy" and a consensus price target of $73.22.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.