Livforsakringsbolaget Skandia Omsesidigt Purchases 41,200 Shares of Victory Capital Holdings, Inc. $VCTR

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Victory Capital Holdings, Inc. by 96.9%, acquiring an additional 41,200 shares during the second quarter, bringing its total ownership to 83,700 shares valued at approximately $5.33 million.
• Victory Capital recently announced a quarterly dividend of $0.49 per share, which will be distributed on September 25th, resulting in an annualized yield of 2.9%.
• The company reported a strong earnings performance with $1.57 EPS for the last quarter, exceeding analyst expectations and showing a 59.9% increase in revenue compared to the previous year.

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 96.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,700 shares of the company's stock after acquiring an additional 41,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned about 0.12% of Victory Capital worth $5,329,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. EP Wealth Advisors LLC raised its position in shares of Victory Capital by 7.0% in the first quarter. EP Wealth Advisors LLC now owns 4,193 shares of the company's stock worth $243,000 after buying an additional 273 shares in the last quarter. Moody National Bank Trust Division grew its stake in shares of Victory Capital by 0.4% during the first quarter. Moody National Bank Trust Division now owns 81,175 shares of the company's stock valued at $4,698,000 after buying an additional 291 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of Victory Capital by 17.8% during the first quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock valued at $126,000 after buying an additional 329 shares during the last quarter. FourThought Financial Partners LLC grew its stake in shares of Victory Capital by 11.5% during the first quarter. FourThought Financial Partners LLC now owns 3,594 shares of the company's stock valued at $208,000 after buying an additional 372 shares during the last quarter. Finally, Vista Finance LLC grew its stake in shares of Victory Capital by 7.0% in the first quarter. Vista Finance LLC now owns 6,286 shares of the company's stock worth $364,000 after purchasing an additional 410 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. B. Riley raised their price objective on shares of Victory Capital from $74.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. 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 report on Monday, August 18th. Finally, Barclays boosted their price objective 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. Five equities 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, Victory Capital currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.22.

Victory Capital Price Performance

VCTR traded down $1.66 on Friday, reaching $67.05. 1,786,178 shares of the company's stock were exchanged, compared to its average volume of 593,907. The stock has a market cap of $4.48 billion, a PE ratio of 16.56, a P/E/G ratio of 0.73 and a beta of 1.10. Victory Capital Holdings, Inc. has a twelve month low of $47.00 and a twelve month high of $73.42. The stock's fifty day moving average price is $69.76 and its 200-day moving average price is $63.53. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.37.

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

Victory Capital Announces Dividend

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

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.