Swedbank AB Acquires 25,000 Shares of Victory Capital Holdings, Inc. $VCTR

Key Points

• Swedbank AB increased its stake in Victory Capital Holdings, Inc. by 4.3%, owning 600,000 shares worth approximately $38.2 million after purchasing an additional 25,000 shares.
• Victory Capital reported $1.57 earnings per share for the last quarter, exceeding analysts' expectations, with a revenue of $351.21 million, up 59.9% year-over-year.
• The company announced a quarterly dividend of $0.49 per share, representing an annualized yield of 2.9%, with a payout ratio of 48.40%.

Swedbank AB lifted its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 4.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 600,000 shares of the company's stock after acquiring an additional 25,000 shares during the period. Swedbank AB owned approximately 0.89% of Victory Capital worth $38,202,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of VCTR. Nuveen LLC acquired a new position in shares of Victory Capital in the first quarter valued at about $27,274,000. Bahl & Gaynor Inc. lifted its position in Victory Capital by 17.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,825,998 shares of the company's stock worth $105,671,000 after purchasing an additional 268,573 shares during the period. Annex Advisory Services LLC lifted its position in Victory Capital by 127.7% during the first quarter. Annex Advisory Services LLC now owns 395,252 shares of the company's stock worth $22,873,000 after purchasing an additional 221,690 shares during the period. Public Sector Pension Investment Board bought a new stake in Victory Capital during the first quarter worth about $8,349,000. Finally, Vanguard Group Inc. lifted its position in Victory Capital by 3.3% during the first quarter. Vanguard Group Inc. now owns 4,095,276 shares of the company's stock worth $236,994,000 after purchasing an additional 129,055 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VCTR shares. B. Riley upped their price objective on shares of Victory Capital from $74.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Barclays upped 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 report on Wednesday, July 16th. Finally, Morgan Stanley upped their price objective on shares of Victory Capital from $66.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $73.22.

Victory Capital Price Performance

Shares of VCTR stock traded up $0.78 on Tuesday, reaching $66.86. The company had a trading volume of 60,267 shares, compared to its average volume of 460,145. The stock has a market capitalization of $4.46 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.39. Victory Capital Holdings, Inc. has a one year low of $47.00 and a one year high of $73.42. The business's 50-day moving average is $69.79 and its 200 day moving average is $63.65.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. The firm had revenue of $351.21 million during the quarter, compared to analysts' expectations of $348.89 million. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The business'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 business earned $1.31 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors 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 2.9%. The ex-dividend date is Wednesday, September 10th. Victory Capital's dividend payout ratio (DPR) is 48.40%.

Victory Capital 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.