Livforsakringsbolaget Skandia Omsesidigt Increases Stake 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 boosted its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 16.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,700 shares of the company's stock after purchasing an additional 7,200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned about 0.07% of Victory Capital worth $3,164,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew 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. grew its holdings in shares of Victory Capital by 3.5% during the first quarter. Envestnet Asset Management Inc. now owns 128,061 shares of the company's stock valued at $7,411,000 after buying an additional 4,377 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Victory Capital during the first quarter valued at about $657,000. KBC Group NV acquired a new position in shares of Victory Capital during the first quarter valued at about $131,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Victory Capital by 4.0% during 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 during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VCTR has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of 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 lifted their target price on shares of Victory Capital from $66.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Monday, August 18th. Finally, B. Riley boosted their price objective on shares of Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a research note 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.22.

Victory Capital Trading Up 1.0%

NASDAQ VCTR traded up $0.67 during trading on Tuesday, hitting $66.75. The company had a trading volume of 246,926 shares, compared to its average volume of 461,177. 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 Holdings, Inc. has a one year low of $47.00 and a one year high of $73.42. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10. The company's fifty day moving average is $69.79 and its 200-day moving average is $63.65.

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 the consensus estimate 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%. The company's revenue for the quarter was up 59.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.31 EPS. On average, sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Wednesday, September 10th will be given a $0.49 dividend. 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 2.9%. Victory Capital's dividend payout ratio is currently 48.40%.

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.