Vestcor Inc Purchases 4,514 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Key Points

• Vestcor Inc increased its holdings in Victory Capital Holdings by 136.1%, acquiring 4,514 additional shares, leading to a total of 7,831 shares valued at approximately $453,000.
• Victory Capital recently announced a quarterly dividend of $0.49 per share, which is an increase from the previous $0.47, resulting in an annualized yield of 2.9%.
• Analyst ratings for Victory Capital show a mixed outlook with a consensus rating of "Moderate Buy" and an average target price of $72.22, indicating interest from both buy and hold positions.

Vestcor Inc boosted its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 136.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,831 shares of the company's stock after acquiring an additional 4,514 shares during the period. Vestcor Inc's holdings in Victory Capital were worth $453,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VCTR. Bank of America Corp DE increased its position in shares of Victory Capital by 46.8% during the fourth quarter. Bank of America Corp DE now owns 1,438,413 shares of the company's stock valued at $94,159,000 after acquiring an additional 458,534 shares in the last quarter. Annex Advisory Services LLC increased its holdings in shares of Victory Capital by 127.7% in the 1st 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 in the last quarter. Voya Investment Management LLC raised its stake in shares of Victory Capital by 966.9% in the fourth quarter. Voya Investment Management LLC now owns 141,799 shares of the company's stock worth $9,282,000 after purchasing an additional 128,508 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Victory Capital by 940.7% during the fourth quarter. Lazard Asset Management LLC now owns 125,861 shares of the company's stock valued at $8,237,000 after purchasing an additional 113,767 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Victory Capital in the 4th quarter worth about $6,523,000. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Price Performance

Victory Capital stock traded down $2.07 during midday trading on Thursday, reaching $67.12. 843,486 shares of the stock traded hands, compared to its average volume of 412,156. The stock's fifty day moving average is $65.25 and its 200-day moving average is $62.58. Victory Capital Holdings, Inc. has a 12 month low of $45.78 and a 12 month high of $73.42. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. The stock has a market cap of $4.51 billion, a P/E ratio of 14.95, a PEG ratio of 0.77 and a beta of 1.04.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.07. Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. As a group, equities research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VCTR. JPMorgan Chase & Co. dropped their price target on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Barclays raised their target price on shares of 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 lowered their price target on Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Wall Street Zen lowered Victory Capital from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, B. Riley increased their target price on Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.22.

About Victory Capital

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.