Strs Ohio Acquires Shares of 15,100 Victory Capital Holdings, Inc. $VCTR

Key Points

• Strs Ohio has acquired 15,100 shares of Victory Capital Holdings, Inc. during the first quarter, investing approximately $874,000 in the company.
• The company recently reported earnings of $1.57 per share, exceeding expectations, with revenue rising by 59.9% compared to the prior year.
• Victory Capital has announced a quarterly dividend of $0.49, yielding 2.9% annually, set to be paid on September 25th to investors of record as of September 10th.

Strs Ohio acquired a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,100 shares of the company's stock, valued at approximately $874,000.

A number of other institutional investors have also added to or reduced their stakes in VCTR. EP Wealth Advisors LLC lifted its position in shares of Victory Capital by 7.0% in the 1st quarter. EP Wealth Advisors LLC now owns 4,193 shares of the company's stock worth $243,000 after purchasing an additional 273 shares during the period. Moody National Bank Trust Division raised its stake in Victory Capital by 0.4% in the first quarter. Moody National Bank Trust Division now owns 81,175 shares of the company's stock worth $4,698,000 after buying an additional 291 shares in the last quarter. TD Private Client Wealth LLC lifted 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 period. FourThought Financial Partners LLC boosted 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 valued at $208,000 after acquiring an additional 372 shares in the last quarter. Finally, Vista Finance LLC increased its holdings in shares of Victory Capital by 7.0% in the 1st quarter. Vista Finance LLC now owns 6,286 shares of the company's stock valued at $364,000 after acquiring an additional 410 shares during the period. Hedge funds and other institutional investors own 87.71% of the company's stock.

Victory Capital Stock Down 1.4%

NASDAQ VCTR traded down $0.97 during trading on Monday, hitting $66.08. The company's stock had a trading volume of 983,750 shares, compared to its average volume of 639,075. Victory Capital Holdings, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $73.42. The company has a market cap of $4.41 billion, a PE ratio of 16.32, a P/E/G ratio of 0.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.37. The business's 50 day simple moving average is $69.79 and its 200-day simple moving average is $63.65.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. The firm had revenue of $351.21 million for the quarter, compared to the consensus estimate of $348.89 million. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The company's revenue for the quarter was up 59.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.31 earnings per share. On average, equities analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS 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. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.0%. The ex-dividend date is Wednesday, September 10th. Victory Capital's payout ratio is presently 48.40%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VCTR. B. Riley upped their price objective on Victory Capital from $74.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Barclays boosted 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. Finally, Morgan Stanley raised their price target on shares of Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, August 18th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Victory Capital has an average rating of "Moderate Buy" and a consensus target price 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.