Victory Capital Holdings, Inc. (NASDAQ:VCTR) Position Boosted by Vestcor Inc

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 holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 136.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,831 shares of the company's stock after purchasing an additional 4,514 shares during the quarter. Vestcor Inc's holdings in Victory Capital were worth $453,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC boosted its holdings in shares of Victory Capital by 14.2% during the fourth quarter. LPL Financial LLC now owns 21,896 shares of the company's stock valued at $1,433,000 after acquiring an additional 2,731 shares during the period. Pictet Asset Management Holding SA increased its stake in Victory Capital by 4.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company's stock valued at $366,000 after buying an additional 218 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Victory Capital by 45.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,696 shares of the company's stock valued at $962,000 after buying an additional 4,574 shares during the period. Alliancebernstein L.P. increased its stake in Victory Capital by 1.1% during the 4th quarter. Alliancebernstein L.P. now owns 53,340 shares of the company's stock valued at $3,492,000 after buying an additional 600 shares during the period. Finally, Geode Capital Management LLC increased its stake in Victory Capital by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,044,511 shares of the company's stock valued at $68,390,000 after buying an additional 7,786 shares during the period. Institutional investors and hedge funds own 87.71% of the company's stock.

Victory Capital Trading Up 5.2%

NASDAQ VCTR traded up $3.46 on Friday, hitting $70.58. 532,133 shares of the company were exchanged, compared to its average volume of 412,847. The company's 50 day moving average price is $65.34 and its 200-day moving average price is $62.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $4.75 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 0.77 and a beta of 1.04. Victory Capital Holdings, Inc. has a twelve month low of $46.90 and a twelve month high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. The firm had revenue of $351.21 million for the quarter, compared to the consensus estimate of $348.89 million. Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. The business's revenue for the quarter was up 59.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.31 EPS. Analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

VCTR has been the topic of several research analyst reports. Royal Bank Of Canada raised their target price 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 target price on shares of Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Barclays boosted their price target on shares of Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Wall Street Zen cut shares of Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, UBS Group dropped their price target on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $72.22.

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.