Versor Investments LP Raises Position in Victory Capital Holdings, Inc. $VCTR

Key Points

• Versor Investments LP increased its stake in Victory Capital Holdings, Inc. by 39.3%, owning 19,225 shares valued at approximately $1.11 million as of the latest SEC filing.
• Victory Capital reported a strong earnings performance for the quarter, with an EPS of $1.57, surpassing the consensus estimate of $1.47, and a year-over-year revenue increase of 59.9%.
• The company announced a quarterly dividend of $0.49 per share, which accounts for a 2.8% yield, with the payment date set for September 25th.

Versor Investments LP raised its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 39.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,225 shares of the company's stock after acquiring an additional 5,425 shares during the period. Versor Investments LP's holdings in Victory Capital were worth $1,113,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new stake in Victory Capital in the 1st quarter valued at about $41,000. HighTower Advisors LLC grew its stake in shares of Victory Capital by 6.1% in the 1st quarter. HighTower Advisors LLC now owns 10,522 shares of the company's stock valued at $609,000 after buying an additional 607 shares during the period. Public Sector Pension Investment Board purchased a new stake in shares of Victory Capital in the 1st quarter valued at approximately $8,349,000. Nuveen LLC purchased a new stake in shares of Victory Capital in the 1st quarter valued at approximately $27,274,000. Finally, Sierra Summit Advisors LLC purchased a new stake in shares of Victory Capital in the 1st quarter valued at approximately $634,000. Institutional investors and hedge funds own 87.71% of the company's stock.

Victory Capital Stock Up 2.9%

VCTR stock traded up $2.00 during midday trading on Friday, hitting $71.78. The company's stock had a trading volume of 882,827 shares, compared to its average volume of 619,736. 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 52-week low of $47.00 and a 52-week high of $73.42. The firm has a market capitalization of $4.79 billion, a P/E ratio of 17.72, a PEG ratio of 0.74 and a beta of 1.04. The firm has a 50-day simple moving average of $67.16 and a 200-day simple moving average of $62.97.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The company had revenue of $351.21 million during the quarter, compared to analysts' expectations of $348.89 million. During the same quarter last year, the company posted $1.31 EPS. The firm's revenue was up 59.9% compared to the same quarter last year. As a group, equities analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th will be given 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 currently 48.40%.

Analyst Ratings Changes

Several research firms have recently weighed in on VCTR. Royal Bank Of Canada increased their price target on shares of Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. UBS Group dropped their price target on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Morgan Stanley increased their price target on shares of Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Barclays increased their price target on shares of Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $73.22.

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.