Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Purchased 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 lifted its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 26.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,086 shares of the company's stock after purchasing an additional 5,311 shares during the quarter. Mackenzie Financial Corp's holdings in Victory Capital were worth $1,452,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Victory Capital by 46.8% during 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 acquiring an additional 458,534 shares during the period. Annex Advisory Services LLC raised its stake in shares of Victory Capital by 127.7% in the first quarter. Annex Advisory Services LLC now owns 395,252 shares of the company's stock valued at $22,873,000 after acquiring an additional 221,690 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Victory Capital by 966.9% in the 4th quarter. Voya Investment Management LLC now owns 141,799 shares of the company's stock valued at $9,282,000 after buying an additional 128,508 shares during the period. Lazard Asset Management LLC grew its position 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 worth $8,237,000 after buying an additional 113,767 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Victory Capital during the fourth quarter worth approximately $6,523,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Price Performance

VCTR stock traded down $0.05 on Wednesday, reaching $69.19. The company had a trading volume of 561,551 shares, compared to its average volume of 409,242. The company has a market cap of $4.65 billion, a P/E ratio of 15.41, a PEG ratio of 0.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.09 and a current ratio of 1.09. The company's fifty day moving average is $65.11 and its 200 day moving average is $62.53. Victory Capital Holdings, Inc. has a 1 year low of $45.14 and a 1 year high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.02). Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. The company had revenue of $219.60 million for the quarter, compared to analysts' expectations of $226.38 million. During the same quarter in the previous year, the company earned $1.25 earnings per share. The company's revenue was up 1.7% on a year-over-year basis. On average, research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's payout ratio is currently 43.65%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on VCTR shares. B. Riley raised their price objective on Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Wall Street Zen lowered Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. 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 lowered their target price 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. Finally, Royal Bank Of Canada raised their price objective on shares of Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $72.22.

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.