Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Acquired by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp increased its stake in Victory Capital Holdings by 26.9% to a total of 25,086 shares, valued at approximately $1.45 million.
• Victory Capital recently raised its quarterly dividend from $0.47 to $0.49, reflecting a 2.8% dividend yield and a payout ratio of approximately 43.65%.
• Analysts have varied ratings on Victory Capital, with a consensus rating of "Moderate Buy" and a price target averaging $72.22.

Mackenzie Financial Corp increased its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 26.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 25,086 shares of the company's stock after acquiring an additional 5,311 shares during the period. Mackenzie Financial Corp's holdings in Victory Capital were worth $1,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in Victory Capital by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,570 shares of the company's stock worth $997,000 after acquiring an additional 5,807 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Victory Capital by 3.5% in the first quarter. Envestnet Asset Management Inc. now owns 128,061 shares of the company's stock valued at $7,411,000 after purchasing an additional 4,377 shares during the period. SG Americas Securities LLC bought a new position in Victory Capital in the first quarter worth approximately $657,000. KBC Group NV purchased a new position in Victory Capital during the 1st quarter worth $131,000. Finally, Millennium Management LLC increased its holdings in Victory Capital by 107.1% during the 4th quarter. Millennium Management LLC now owns 14,973 shares of the company's stock worth $980,000 after purchasing an additional 7,744 shares during the period. 87.71% of the stock is owned by institutional investors.

Victory Capital Stock Up 6.6%

Victory Capital stock traded up $4.45 during trading hours on Friday, reaching $71.57. The stock had a trading volume of 428,503 shares, compared to its average volume of 412,142. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 0.77 and a beta of 1.04. The business's 50 day moving average price is $65.34 and its 200-day moving average price is $62.58. Victory Capital Holdings, Inc. has a 52 week low of $46.90 and a 52 week high of $73.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.09.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.57 EPS for the quarter, topping the consensus estimate 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 net margin of 32.90% and a return on equity of 30.28%. Victory Capital's revenue was up 59.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.31 EPS. Sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on VCTR shares. B. Riley upped their target price on Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. decreased their price objective on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. UBS Group dropped their target price on shares of 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 downgraded shares of Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Barclays boosted their price target on shares of Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Victory Capital currently has an average rating of "Moderate Buy" and a consensus target price 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.