OMERS ADMINISTRATION Corp Buys 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 purchased 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 disclosure with the SEC. The firm purchased 10,600 shares of the company's stock, valued at approximately $613,000.

A number of other institutional investors have also recently made changes to their positions in VCTR. Versant Capital Management Inc purchased a new position in Victory Capital during the first quarter valued at approximately $34,000. Opal Wealth Advisors LLC bought a new stake in Victory Capital in the first quarter worth $37,000. Caitong International Asset Management Co. Ltd bought a new stake in Victory Capital in the first quarter worth $41,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Victory Capital in the first quarter worth $98,000. Finally, TD Private Client Wealth LLC increased its position in Victory Capital by 17.8% in the first quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock worth $126,000 after purchasing an additional 329 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

Victory Capital Stock Up 0.8%

Shares of VCTR traded up $0.61 during mid-day trading on Monday, hitting $72.06. The company's stock had a trading volume of 37,705 shares, compared to its average volume of 435,577. The company's 50-day moving average is $68.91 and its 200-day moving average is $63.12. Victory Capital Holdings, Inc. has a 52-week low of $47.00 and a 52-week high of $73.42. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 0.76 and a beta of 1.10. 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 (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The business had revenue of $351.21 million during the quarter, compared to analyst estimates of $348.89 million. During the same period in the prior year, the firm posted $1.31 earnings per share. The company's quarterly revenue was up 59.9% on a year-over-year basis. On average, equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

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 dividend of $0.49 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.7%. Victory Capital's dividend payout ratio (DPR) is 48.40%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen lowered shares of Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada lifted their price objective on shares of Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Barclays lifted their price objective on shares of Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. B. Riley boosted their target price 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. Finally, Morgan Stanley boosted their target price on shares of Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.