Bank of America Corp DE Raises Stake in Victory Capital Holdings, Inc. $VCTR

Key Points

• Bank of America increased its Victory Capital stake by 12.4% in the first quarter, owning 1.01 million shares worth approximately $66 million, or 1.61% of the company. Institutional investors collectively hold 87.71% of VCTR’s outstanding shares.
• Victory Capital reported a strong quarter, with adjusted earnings of $2.21 per share and revenue of $435.36 million, both above analyst expectations. The stock recently reached a 52-week high of $111.54, though its market price exceeds MarketBeat’s consensus analyst target of $98.29.
• The company declared a quarterly dividend of $0.50 per share, equivalent to $2.00 annually and a 1.8% yield, with a payout ratio of 36.76%.

Bank of America Corp DE raised its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,007,405 shares of the company's stock after purchasing an additional 111,063 shares during the period. Bank of America Corp DE owned 1.61% of Victory Capital worth $65,965,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of VCTR. Amundi purchased a new stake in shares of Victory Capital in the 4th quarter valued at about $192,735,000. FIL Ltd purchased a new position in shares of Victory Capital during the fourth quarter worth about $26,813,000. Invesco Ltd. grew its holdings in shares of Victory Capital by 163.6% during the third quarter. Invesco Ltd. now owns 431,912 shares of the company's stock worth $27,971,000 after purchasing an additional 268,061 shares in the last quarter. Voloridge Investment Management LLC increased its position in shares of Victory Capital by 747.2% in the third quarter. Voloridge Investment Management LLC now owns 299,862 shares of the company's stock worth $19,419,000 after purchasing an additional 264,468 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Victory Capital by 14.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company's stock worth $114,163,000 after purchasing an additional 221,471 shares during the last quarter. Institutional investors own 87.71% of the company's stock.

Key Stories Impacting Victory Capital

Here are the key news stories impacting Victory Capital this week:

• Positive Sentiment: Strong earnings and growth profile support the stock. Victory Capital recently reported adjusted earnings of $2.21 per share, well above the $1.79 consensus estimate, while revenue of $435.36 million also exceeded expectations. Zacks cited above-average financial growth as a reason growth investors may consider the shares. Here is Why Growth Investors Should Buy Victory Capital Now
• Positive Sentiment: Momentum remains strong. VCTR reached a new 52-week high, reflecting continued investor confidence after its earnings outperformance. The stock is trading substantially above its 50-day and 200-day moving averages, signaling strong recent price momentum. Victory Capital Hit a 52 Week High
• Neutral Sentiment: Insider share dispositions were tied to tax withholding, not discretionary selling. Victory Capital executives, including its CEO, CFO and ETF chief, had shares withheld or disposed of following the vesting of performance-based restricted stock. The transactions totaled sizable amounts, but the filings indicate they were administrative and non-discretionary rather than a direct signal that management expects the stock to decline. Victory Capital ETF Chief Share Vesting
• Negative Sentiment: Valuation may limit further gains. GuruFocus estimated VCTR’s GF Value at $97.67, below its recent market price near $111.44, suggesting the stock may be moderately overvalued after its rally. Investors may therefore demand continued earnings growth to justify the premium valuation. Victory Capital Valuation Review

Victory Capital Price Performance

Shares of Victory Capital stock opened at $111.44 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Victory Capital Holdings, Inc. has a 52-week low of $57.03 and a 52-week high of $111.54. The company has a fifty day moving average of $92.36 and a 200-day moving average of $80.32. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.42. The company had revenue of $435.36 million for the quarter, compared to analysts' expectations of $386.09 million. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. Equities research analysts expect that Victory Capital Holdings, Inc. will post 7.38 EPS for the current year.

Victory Capital Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, September 10th. Victory Capital's payout ratio is 36.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Victory Capital in a research note on Friday, July 17th. The Goldman Sachs Group reissued a "neutral" rating and issued a $100.00 price target on shares of Victory Capital in a research note on Friday. JPMorgan Chase & Co. increased their price target on shares of Victory Capital from $87.00 to $101.00 and gave the stock a "neutral" rating in a report on Friday. Barclays raised their price objective on shares of Victory Capital from $95.00 to $112.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Royal Bank Of Canada lifted their price objective on shares of Victory Capital from $107.00 to $118.00 and gave the stock an "outperform" rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $98.29.

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.

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