Nuveen LLC Makes New $27.27 Million Investment in Victory Capital Holdings, Inc. $VCTR

Nuveen LLC bought a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 471,293 shares of the company's stock, valued at approximately $27,274,000. Nuveen LLC owned 0.74% of Victory Capital at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Sierra Summit Advisors LLC bought a new position in shares of Victory Capital in the first quarter worth $634,000. Cynosure Group LLC purchased a new stake in Victory Capital in the first quarter valued at approximately $331,000. Charles Schwab Investment Management Inc. raised its stake 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 purchasing an additional 19,508 shares in the last quarter. Vanguard Group Inc. raised its stake in Victory Capital by 3.3% in the first quarter. Vanguard Group Inc. now owns 4,095,276 shares of the company's stock valued at $236,994,000 after purchasing an additional 129,055 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Victory Capital by 31.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,196 shares of the company's stock valued at $359,000 after purchasing an additional 1,466 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group reduced their price target on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Barclays raised their target price on shares of Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. B. Riley lifted their price target on shares of Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. cut their price target on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, Royal Bank Of Canada lifted their price target on shares of Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $72.33.

Victory Capital Stock Up 4.0%

Shares of VCTR stock traded up $2.8050 during mid-day trading on Friday, reaching $72.5850. 225,515 shares of the company's stock traded hands, compared to its average volume of 430,011. Victory Capital Holdings, Inc. has a 12 month low of $47.00 and a 12 month high of $73.42. The company has a market cap of $4.85 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.75 and a beta of 1.04. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.39. The company's 50-day moving average price is $66.95 and its 200-day moving average price is $62.92.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly 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. The company had revenue of $351.21 million for the quarter, compared to analysts' expectations of $348.89 million. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. Victory Capital's revenue was up 59.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 EPS. On average, equities 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 declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors 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 dividend on an annualized basis and a yield of 2.7%. Victory Capital's 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.