Vanguard Group Inc. Increases Stock Position in 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% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,095,276 shares of the company's stock after purchasing an additional 129,055 shares during the period. Vanguard Group Inc. owned about 6.43% of Victory Capital worth $236,994,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in Victory Capital during the 1st quarter valued at $34,000. Opal Wealth Advisors LLC bought a new stake in shares of Victory Capital during the 1st quarter valued at $37,000. TD Private Client Wealth LLC lifted its holdings in Victory Capital by 17.8% during the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock worth $126,000 after purchasing an additional 329 shares in the last quarter. KBC Group NV bought a new position in Victory Capital in the 1st quarter worth about $131,000. Finally, Blue Trust Inc. grew its holdings in Victory Capital by 25.0% during the 1st quarter. Blue Trust Inc. now owns 3,314 shares of the company's stock valued at $192,000 after buying an additional 663 shares in the last quarter. Institutional investors own 87.71% of the company's stock.

Analysts Set New Price Targets

VCTR has been the topic of several research analyst reports. Wall Street Zen cut shares of Victory Capital from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. B. Riley lifted their price objective on shares of Victory Capital from $74.00 to $82.00 and gave the stock a "buy" rating in a report on Friday. Barclays increased their target price on Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Morgan Stanley lifted their price target on Victory Capital from $66.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their price objective 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. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Victory Capital presently has a consensus rating of "Moderate Buy" and an average price target of $73.22.

Victory Capital Trading Up 3.0%

VCTR stock traded up $2.09 during trading on Friday, hitting $71.87. 460,661 shares of the company traded hands, compared to its average volume of 431,499. The company has a 50-day moving average of $66.95 and a 200-day moving average of $62.92. 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 Holdings, Inc. has a 1 year low of $47.00 and a 1 year high of $73.42. The firm has a market capitalization of $4.80 billion, a PE ratio of 17.72, a P/E/G ratio of 0.75 and a beta of 1.04.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.10. The firm had revenue of $351.21 million during the quarter, compared to analyst estimates of $348.89 million. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The business's quarterly revenue was up 59.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.31 earnings per share. 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 declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Wednesday, September 10th will be given a dividend of $0.49 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.96 annualized dividend and a dividend yield of 2.7%. Victory Capital's payout ratio is currently 48.40%.

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.