Clark Capital Management Group Inc. Has $8.83 Million Holdings in Victory Capital Holdings, Inc. $VCTR

Key Points

• Clark Capital Management Group Inc. increased its holdings in Victory Capital Holdings by 18.0%, owning approximately 152,628 shares valued at $8.83 million.
• Victory Capital recently reported $1.57 earnings per share for the quarter, surpassing analysts' expectations and marking a 59.9% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.49 per share, providing a dividend yield of 2.7%, signifying a solid commitment to returning capital to shareholders.

Clark Capital Management Group Inc. increased its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 18.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 152,628 shares of the company's stock after acquiring an additional 23,297 shares during the period. Clark Capital Management Group Inc. owned approximately 0.24% of Victory Capital worth $8,833,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VCTR. Nuveen LLC acquired a new position in shares of Victory Capital during the 1st quarter worth $27,274,000. Bank of America Corp DE grew its holdings in shares of Victory Capital by 46.8% in the 4th quarter. Bank of America Corp DE now owns 1,438,413 shares of the company's stock worth $94,159,000 after acquiring an additional 458,534 shares during the period. Bahl & Gaynor Inc. grew its holdings in shares of Victory Capital by 17.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,825,998 shares of the company's stock worth $105,671,000 after acquiring an additional 268,573 shares during the period. Annex Advisory Services LLC grew its holdings in Victory Capital by 127.7% in the first quarter. Annex Advisory Services LLC now owns 395,252 shares of the company's stock valued at $22,873,000 after purchasing an additional 221,690 shares during the last quarter. Finally, Public Sector Pension Investment Board acquired a new position in Victory Capital in the first quarter worth $8,349,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Trading Down 1.2%

VCTR traded down $0.86 during mid-day trading on Friday, hitting $71.45. The stock had a trading volume of 601,084 shares, compared to its average volume of 592,570. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 0.76 and a beta of 1.10. Victory Capital Holdings, Inc. has a 1-year low of $47.00 and a 1-year high of $73.42. 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 stock's fifty day simple moving average is $68.91 and its 200-day simple moving average is $63.12.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.10. The firm had revenue of $351.21 million for the quarter, compared to analyst estimates of $348.89 million. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The company's revenue for the quarter was up 59.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.31 earnings per share. As a group, research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Dividend Announcement

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

Wall Street Analyst Weigh In

VCTR has been the topic of several research reports. B. Riley upped their price objective on Victory Capital from $74.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Wall Street Zen downgraded shares of Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Barclays increased their price objective on shares of Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Royal Bank Of Canada raised their price target on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley lifted their price objective on Victory Capital from $66.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Monday, August 18th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $73.22.

About Victory Capital

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.