Victory Capital Holdings, Inc. $VCTR Shares Newly Purchased by Inspire Investing LLC

Key Points

• Inspire Investing purchased 27,144 Victory Capital shares worth approximately $3.0 million in the third quarter. Institutional investors and hedge funds collectively own 87.71% of VCTR’s outstanding stock.
• Analysts raised several price targets, with a consensus target of $118; however, the overall analyst rating remains “Hold,” based on one Strong Buy, one Buy and five Hold ratings.
• Victory Capital reported quarterly EPS of $2.21, exceeding estimates of $1.79, while revenue of $435.36 million also topped expectations. The company pays a quarterly dividend of $0.50, representing a 1.9% annualized yield.

Inspire Investing LLC purchased a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,144 shares of the company's stock, valued at approximately $3,002,000.

A number of other hedge funds have also recently added to or reduced their stakes in VCTR. RFG Advisory LLC bought a new stake in shares of Victory Capital in the 2nd quarter worth approximately $1,197,000. Royal Bank of Canada grew its position in Victory Capital by 26.8% in the 1st quarter. Royal Bank of Canada now owns 182,050 shares of the company's stock worth $11,920,000 after purchasing an additional 38,511 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Victory Capital by 203.5% during the first quarter. Janus Henderson Group PLC now owns 58,127 shares of the company's stock worth $3,805,000 after buying an additional 38,977 shares during the period. Bank of America Corp DE increased its position in Victory Capital by 12.4% in the 1st quarter. Bank of America Corp DE now owns 1,007,405 shares of the company's stock valued at $65,965,000 after acquiring an additional 111,063 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Victory Capital in the 2nd quarter valued at approximately $4,710,000. Institutional investors and hedge funds own 87.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on VCTR shares. Royal Bank Of Canada raised their price objective on shares of Victory Capital from $107.00 to $118.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Victory Capital from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, October 8th. JPMorgan Chase & Co. upped their price target on Victory Capital from $101.00 to $120.00 and gave the company a "neutral" rating in a report on Friday, October 16th. The Goldman Sachs Group boosted their target price on Victory Capital from $100.00 to $117.00 and gave the stock a "neutral" rating in a research report on Thursday, August 27th. Finally, UBS Group set a $117.00 price target on shares of Victory Capital in a report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Victory Capital currently has an average rating of "Hold" and a consensus target price of $118.00.

Victory Capital Stock Performance

Shares of VCTR stock opened at $107.60 on Friday. The stock's 50-day moving average is $111.39 and its two-hundred day moving average is $96.00. Victory Capital Holdings, Inc. has a fifty-two week low of $57.03 and a fifty-two week high of $123.55. The firm has a market cap of $6.62 billion, a P/E ratio of 19.78, a PEG ratio of 0.50 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.79 by $0.42. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. The company had revenue of $435.36 million during the quarter, compared to the consensus estimate of $386.09 million. Analysts predict that Victory Capital Holdings, Inc. will post 7.76 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%. Victory Capital's dividend payout ratio is presently 36.76%.

Victory Capital Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.

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