6,980 Shares in Victory Capital Holdings, Inc. $VCTR Purchased by Dynamic Technology Lab Private Ltd

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 stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the first quarter, according to the company in 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.

A number of other hedge funds and other institutional investors have also made changes to their positions in VCTR. Ameriprise Financial Inc. grew its position in shares of Victory Capital by 197.5% in the fourth quarter. Ameriprise Financial Inc. now owns 11,197 shares of the company's stock valued at $733,000 after purchasing an additional 7,433 shares during the period. Deutsche Bank AG grew its position in shares of Victory Capital by 58.9% in the fourth quarter. Deutsche Bank AG now owns 35,884 shares of the company's stock valued at $2,349,000 after purchasing an additional 13,295 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Victory Capital in the fourth quarter valued at $389,000. Janus Henderson Group PLC grew its position in Victory Capital by 7.6% during the fourth quarter. Janus Henderson Group PLC now owns 49,328 shares of the company's stock valued at $3,230,000 after acquiring an additional 3,474 shares during the period. Finally, Lazard Asset Management LLC grew its position in Victory Capital by 940.7% during the fourth quarter. Lazard Asset Management LLC now owns 125,861 shares of the company's stock valued at $8,237,000 after acquiring an additional 113,767 shares during the period. Hedge funds and other institutional investors own 87.71% of the company's stock.

Victory Capital Stock Up 1.1%

Shares of VCTR traded up $0.72 during midday trading on Wednesday, reaching $69.07. 86,103 shares of the company were exchanged, compared to its average volume of 447,196. The stock has a 50-day moving average price of $69.62 and a 200-day moving average price of $63.40. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 0.72 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 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 data on Thursday, August 7th. The company reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. The company had revenue of $351.21 million for the quarter, compared to analysts' expectations of $348.89 million. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The firm's quarterly revenue was up 59.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Research analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Wednesday, September 10th. Victory Capital's payout ratio is currently 48.40%.

Analysts Set New Price Targets

A number of research firms have issued reports on VCTR. Wall Street Zen downgraded Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Morgan Stanley boosted their price target 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. B. Riley boosted their price target on Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Finally, Barclays boosted their price target 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. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.