Dynamic Technology Lab Private Ltd Acquires Shares of 6,980 Victory Capital Holdings, Inc. $VCTR

Key Points

• Dynamic Technology Lab Private Ltd has invested approximately $404,000 in Victory Capital Holdings, Inc. by acquiring 6,980 shares during the first quarter of the year.
• Victory Capital's stock recently saw a 3.1% increase, and the company reported strong earnings, with a quarterly net margin of 27.18% and significant year-over-year revenue growth of 59.9%.
• The company announced a quarterly dividend of $0.49, which will be paid on September 25th, representing an annualized yield of 2.8% with a payout ratio of 48.40%.

Dynamic Technology Lab Private Ltd acquired a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,980 shares of the company's stock, valued at approximately $404,000.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in Victory Capital by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,570 shares of the company's stock worth $997,000 after purchasing an additional 5,807 shares during the period. Envestnet Asset Management Inc. raised its holdings in Victory Capital by 3.5% in the first quarter. Envestnet Asset Management Inc. now owns 128,061 shares of the company's stock worth $7,411,000 after purchasing an additional 4,377 shares during the period. SG Americas Securities LLC acquired a new stake in Victory Capital in the first quarter worth $657,000. KBC Group NV bought a new position in Victory Capital during the first quarter worth about $131,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Victory Capital by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 511,553 shares of the company's stock worth $29,604,000 after acquiring an additional 19,508 shares in the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VCTR has been the topic of several recent analyst reports. Wall Street Zen lowered Victory Capital from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Morgan Stanley boosted their price objective on Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a research report on Monday, August 18th. Barclays boosted their price objective on Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Finally, B. Riley boosted their price objective on Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $73.22.

Victory Capital Stock Down 2.9%

Shares of Victory Capital stock traded down $2.08 during trading on Friday, reaching $68.62. The stock had a trading volume of 661,382 shares, compared to its average volume of 587,013. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 0.75 and a beta of 1.10. The stock has a fifty day moving average price of $69.46 and a two-hundred day moving average price of $63.34. Victory Capital Holdings, Inc. has a 52 week low of $47.00 and a 52 week high of $73.42. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.39.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.10. The company 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 quarterly revenue was up 59.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 earnings per share. Sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.9%. The ex-dividend date is Wednesday, September 10th. Victory Capital's dividend payout ratio is presently 48.40%.

Victory Capital 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.