OMERS ADMINISTRATION Corp Acquires Shares of 10,600 Victory Capital Holdings, Inc. $VCTR

Key Points

• OMERS ADMINISTRATION Corp acquired a new stake in Victory Capital Holdings, purchasing 10,600 shares valued at approximately $613,000.
• Victory Capital reported a 59.9% increase in quarterly revenue year-over-year, achieving $351.21 million with an EPS of $1.57, surpassing analyst expectations.
• The company announced a quarterly dividend of $0.49 per share, reflecting an annualized yield of 2.8% and a payout ratio of 48.40%.

OMERS ADMINISTRATION Corp acquired a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,600 shares of the company's stock, valued at approximately $613,000.

Several other institutional investors have also recently modified their holdings of the company. Bosun Asset Management LLC increased its position in shares of Victory Capital by 1.4% during the 4th quarter. Bosun Asset Management LLC now owns 13,016 shares of the company's stock valued at $852,000 after purchasing an additional 176 shares during the last quarter. Moody National Bank Trust Division grew its position in Victory Capital by 0.4% during the 1st quarter. Moody National Bank Trust Division now owns 81,175 shares of the company's stock worth $4,698,000 after acquiring an additional 291 shares during the last quarter. TD Private Client Wealth LLC grew its position in Victory Capital by 17.8% during the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock worth $126,000 after acquiring an additional 329 shares during the last quarter. FourThought Financial Partners LLC grew its position in Victory Capital by 11.5% during the 1st quarter. FourThought Financial Partners LLC now owns 3,594 shares of the company's stock worth $208,000 after acquiring an additional 372 shares during the last quarter. Finally, Vista Finance LLC grew its position in Victory Capital by 7.0% during the 1st quarter. Vista Finance LLC now owns 6,286 shares of the company's stock worth $364,000 after acquiring an additional 410 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on VCTR shares. Wall Street Zen lowered Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. B. Riley lifted their price objective on Victory Capital from $74.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Royal Bank Of Canada lifted their price objective on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Morgan Stanley lifted their price objective on 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 lifted their price objective on Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $73.22.

Victory Capital Stock Down 1.2%

Shares of VCTR traded down $0.86 on Friday, reaching $71.45. The stock had a trading volume of 601,084 shares, compared to its average volume of 600,706. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 0.77 and a beta of 1.10. 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 company has a 50-day simple moving average of $68.91 and a 200-day simple moving average of $63.17. Victory Capital Holdings, Inc. has a 12-month low of $47.00 and a 12-month high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its 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 company had revenue of $351.21 million during the quarter, compared to analysts' expectations of $348.89 million. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The firm's revenue for the quarter was up 59.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.31 EPS. Sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Dividend Announcement

The firm also recently disclosed 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 2.7%. The ex-dividend date is Wednesday, September 10th. Victory Capital's dividend payout ratio is 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.