144,273 Shares in Victory Capital Holdings, Inc. $VCTR Bought by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board acquired 144,273 shares of Victory Capital Holdings (NASDAQ:VCTR), valued at approximately $8.35 million, representing about 0.23% of the company's shares.
• Victory Capital reported a quarterly earnings per share (EPS) of $1.57, beating estimates by $0.10, with revenue of $351.21 million, a 59.9% increase year-over-year.
• The company will pay a quarterly dividend of $0.49 per share on September 25th, reflecting an annualized dividend of $1.96 and a yield of 2.8%.

Public Sector Pension Investment Board bought a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 144,273 shares of the company's stock, valued at approximately $8,349,000. Public Sector Pension Investment Board owned about 0.23% of Victory Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. Versant Capital Management Inc acquired a new position in shares of Victory Capital during the 1st quarter worth approximately $34,000. Opal Wealth Advisors LLC bought a new position in shares of Victory Capital in the first quarter valued at $37,000. TD Private Client Wealth LLC increased its holdings in Victory Capital by 17.8% during the first quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock worth $126,000 after buying an additional 329 shares during the last quarter. KBC Group NV bought a new stake in Victory Capital during the first quarter worth $131,000. Finally, Blue Trust Inc. lifted its stake in Victory Capital by 25.0% in the first quarter. Blue Trust Inc. now owns 3,314 shares of the company's stock valued at $192,000 after acquiring an additional 663 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Price Performance

Shares of NASDAQ VCTR traded up $0.3140 during mid-day trading on Tuesday, reaching $71.2240. The company had a trading volume of 90,127 shares, compared to its average volume of 423,880. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 0.78 and a beta of 1.04. The business's 50-day simple moving average is $66.51 and its 200 day simple moving average is $62.78. Victory Capital Holdings, Inc. has a one year low of $47.00 and a one year high of $73.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.37 and a current ratio of 1.37.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings data 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 net margin of 27.18% and a return on equity of 26.46%. The firm had revenue of $351.21 million for the quarter, compared to the consensus estimate of $348.89 million. During the same period in the prior year, the company posted $1.31 earnings per share. The business's revenue for the quarter was up 59.9% on a year-over-year basis. On average, research analysts predict 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 disclosed 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. This represents a $1.96 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 10th. Victory Capital's dividend payout ratio (DPR) is 48.40%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on VCTR shares. 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 boosted their price target on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price objective on Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. B. Riley lifted their target price on Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Finally, Barclays boosted their target price on Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Victory Capital currently has an average rating of "Moderate Buy" and an average target price of $72.33.

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.