Livforsakringsbolaget Skandia Omsesidigt Grows Position in Victory Capital Holdings, Inc. $VCTR

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Victory Capital Holdings by 16.9%, acquiring an additional 7,200 shares during the second quarter.
• Victory Capital recently declared a quarterly dividend of $0.49, with a yield of 2.9%, set to be paid on September 25th.
• Analysts maintain a Moderate Buy rating for Victory Capital, with an average target price of $73.22, despite a downgrade from "buy" to "hold" by some firms.

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 16.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,700 shares of the company's stock after acquiring an additional 7,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned about 0.07% of Victory Capital worth $3,164,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Victory Capital by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 4,095,276 shares of the company's stock valued at $236,994,000 after acquiring an additional 129,055 shares in the last quarter. Bahl & Gaynor Inc. boosted its position in Victory Capital by 17.2% in the first quarter. Bahl & Gaynor Inc. now owns 1,825,998 shares of the company's stock valued at $105,671,000 after buying an additional 268,573 shares in the last quarter. Swedbank AB boosted its position in Victory Capital by 4.3% in the second quarter. Swedbank AB now owns 600,000 shares of the company's stock valued at $38,202,000 after buying an additional 25,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Victory Capital by 4.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 511,553 shares of the company's stock valued at $29,604,000 after buying an additional 19,508 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Victory Capital in the first quarter valued at about $27,274,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VCTR has been the topic of a number of recent research reports. Barclays increased 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. Morgan Stanley increased 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. Finally, B. Riley increased their price objective on shares of Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the 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 1.4%

VCTR stock traded down $0.97 during midday trading on Monday, reaching $66.08. 838,335 shares of the company's stock traded hands, compared to its average volume of 461,283. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 0.71 and a beta of 1.10. The firm's fifty day moving average price is $69.76 and its 200-day moving average price is $63.59. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.39. Victory Capital Holdings, Inc. has a 52 week low of $47.00 and a 52 week 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 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.10. The business had revenue of $351.21 million during the quarter, compared to analyst estimates of $348.89 million. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. Victory Capital's quarterly revenue was up 59.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.31 EPS. As a group, sell-side analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Wednesday, September 10th will be paid a $0.49 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.96 annualized dividend and a dividend yield of 3.0%. 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.