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 boosted its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 96.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,700 shares of the company's stock after purchasing an additional 41,200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned about 0.12% of Victory Capital worth $5,329,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in Victory Capital in the 1st quarter valued at $34,000. Opal Wealth Advisors LLC bought a new stake in Victory Capital in the 1st quarter valued at $37,000. Caitong International Asset Management Co. Ltd acquired a new position in Victory Capital in the 1st quarter valued at $41,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Victory Capital during the 1st quarter valued at $98,000. Finally, TD Private Client Wealth LLC lifted its position in shares of Victory Capital by 17.8% during the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock valued at $126,000 after acquiring an additional 329 shares during the period. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Price Performance

Victory Capital stock opened at $68.17 on Tuesday. Victory Capital Holdings, Inc. has a 52 week low of $47.00 and a 52 week high of $73.42. The stock has a fifty day moving average of $69.54 and a 200-day moving average of $63.37. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $4.55 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 0.73 and a beta of 1.10.

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

Victory Capital Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen downgraded Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Morgan Stanley upped their target price 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 upped their target price 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 upped their target price 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 equities research 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 company has a consensus rating of "Moderate Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.