Vanguard Group Inc. Acquires 129,055 Shares of Victory Capital Holdings, Inc. $VCTR

Key Points

• Vanguard Group Inc. increased its stake in Victory Capital Holdings, Inc. by 3.3%, now owning approximately 6.43% of the company, valued at about $236.99 million.
• Victory Capital recently announced a quarterly dividend of $0.49 per share, translating to an annualized dividend yield of 2.8% with a payout ratio of 48.40%.
• Analysts have mixed ratings for Victory Capital, with five holding and five buying ratings, reflecting a consensus target price of $72.33.

Vanguard Group Inc. lifted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 3.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,095,276 shares of the company's stock after acquiring an additional 129,055 shares during the quarter. Vanguard Group Inc. owned 6.43% of Victory Capital worth $236,994,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bosun Asset Management LLC grew its position in Victory Capital by 1.4% during the fourth quarter. Bosun Asset Management LLC now owns 13,016 shares of the company's stock valued at $852,000 after buying an additional 176 shares during the period. Summit Investment Advisors Inc. boosted its stake in Victory Capital by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company's stock valued at $282,000 after acquiring an additional 273 shares during the last quarter. Moody National Bank Trust Division grew its position in shares of Victory Capital by 0.4% during the 1st quarter. Moody National Bank Trust Division now owns 81,175 shares of the company's stock valued at $4,698,000 after acquiring an additional 291 shares during the period. TD Private Client Wealth LLC grew its position in shares of Victory Capital by 17.8% during the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock valued at $126,000 after acquiring an additional 329 shares during the period. Finally, FourThought Financial Partners LLC increased its stake in shares of Victory Capital by 11.5% during the 1st quarter. FourThought Financial Partners LLC now owns 3,594 shares of the company's stock worth $208,000 after purchasing an additional 372 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VCTR shares. Royal Bank Of Canada upped their price objective on Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price target on Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Barclays lifted their price objective on Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. UBS Group dropped their price objective on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Finally, Morgan Stanley increased their target price 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 investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Victory Capital presently has an average rating of "Moderate Buy" and a consensus target price of $73.22.

Victory Capital Price Performance

VCTR stock traded up $2.00 during mid-day trading on Friday, reaching $71.78. 882,827 shares of the company traded hands, compared to its average volume of 619,736. 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 company has a market capitalization of $4.79 billion, a P/E ratio of 17.72, a P/E/G ratio of 0.76 and a beta of 1.04. Victory Capital Holdings, Inc. has a 52-week low of $47.00 and a 52-week high of $73.42. The company has a fifty day moving average price of $67.16 and a 200-day moving average price of $62.95.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings results 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 firm posted $1.31 earnings per share. The company's revenue for the quarter was up 59.9% on a year-over-year basis. As a group, analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current 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 issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, September 10th. Victory Capital's dividend payout ratio (DPR) is presently 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.