Sendero Wealth Management LLC Makes New $1.47 Million Investment in Victory Capital Holdings, Inc. $VCTR

Key Points

• Sendero Wealth Management LLC acquired a new stake of 23,214 shares in Victory Capital (NASDAQ:VCTR) in Q4, valued at approximately $1.47 million.
• Victory Capital beat Q4 expectations with $1.78 EPS vs. $1.66 est. and reported revenue of $374.1 million, up about 61% year-over-year, while the company carries a market cap near $4.45 billion.
• Analysts have a consensus rating of "Moderate Buy" with an average price target of $75.38, reflecting mixed recent revisions (five Buy and five Hold ratings, with targets ranging up to $84).

Sendero Wealth Management LLC acquired a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,214 shares of the company's stock, valued at approximately $1,465,000.

Several other institutional investors and hedge funds have also modified their holdings of VCTR. Legacy Wealth Asset Management LLC boosted its stake in shares of Victory Capital by 4.9% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 17,672 shares of the company's stock worth $1,115,000 after buying an additional 823 shares during the last quarter. City Center Advisors LLC purchased a new position in Victory Capital during the fourth quarter valued at approximately $292,000. GAMMA Investing LLC raised its position in Victory Capital by 146.4% during the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company's stock valued at $54,000 after acquiring an additional 511 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Victory Capital by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 113,392 shares of the company's stock valued at $7,343,000 after acquiring an additional 668 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new position in Victory Capital in the third quarter valued at approximately $306,000. Institutional investors and hedge funds own 87.71% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on VCTR shares. JPMorgan Chase & Co. raised their price objective on shares of Victory Capital from $70.00 to $71.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 20th. Royal Bank Of Canada boosted their target price on shares of Victory Capital from $78.00 to $84.00 and gave the company an "outperform" rating in a research note on Tuesday, February 10th. Barclays set a $69.00 price target on shares of Victory Capital in a research report on Friday, February 6th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Victory Capital in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Victory Capital from a "buy" rating to a "hold" rating in a research report on Saturday, March 21st. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Victory Capital has a consensus rating of "Moderate Buy" and a consensus price target of $75.38.

Victory Capital Trading Down 1.0%

Shares of NASDAQ:VCTR opened at $69.55 on Friday. The business's 50 day moving average price is $70.60 and its 200-day moving average price is $66.78. Victory Capital Holdings, Inc. has a 1 year low of $47.00 and a 1 year high of $77.78. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 0.74 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.47 and a quick ratio of 1.47.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.66 by $0.12. The company had revenue of $374.12 million during the quarter, compared to analyst estimates of $371.09 million. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The firm's revenue was up 61.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 EPS. On average, equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. Victory Capital's payout ratio is currently 48.16%.

Victory Capital Profile

Victory Capital NASDAQ: VCTR is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.

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