Versor Investments LP Increases Holdings 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 position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 39.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,225 shares of the company's stock after buying an additional 5,425 shares during the quarter. Versor Investments LP's holdings in Victory Capital were worth $1,113,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Victory Capital by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 4,095,276 shares of the company's stock worth $236,994,000 after buying an additional 129,055 shares during the last quarter. Capital World Investors boosted its stake in shares of Victory Capital by 0.4% in the 4th quarter. Capital World Investors now owns 3,231,009 shares of the company's stock valued at $211,502,000 after purchasing an additional 11,654 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Victory Capital by 46.8% in the 4th quarter. Bank of America Corp DE now owns 1,438,413 shares of the company's stock valued at $94,159,000 after purchasing an additional 458,534 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Victory Capital by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,425,568 shares of the company's stock valued at $93,320,000 after purchasing an additional 33,090 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Victory Capital by 4.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 511,553 shares of the company's stock valued at $29,604,000 after purchasing an additional 19,508 shares in the last quarter. 87.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on VCTR shares. Royal Bank Of Canada raised 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. B. Riley raised their price target on shares of Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a research note on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Wall Street Zen lowered shares of Victory Capital from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, UBS Group dropped their price objective on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.22.

Victory Capital Trading Up 2.9%

Shares of Victory Capital stock traded up $2.00 on Friday, reaching $71.78. 882,427 shares of the company's stock were exchanged, compared to its average volume of 434,267. The company has a market capitalization of $4.79 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 0.75 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 firm's 50-day moving average is $66.95 and its two-hundred day moving average is $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 (NASDAQ:VCTR - Get Free Report) last posted 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. The firm had revenue of $351.21 million for the quarter, compared to analysts' expectations of $348.89 million. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The company's revenue for the quarter was up 59.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.31 EPS. Sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.49 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.96 annualized dividend and a yield of 2.7%. Victory Capital's dividend payout ratio is 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.