Charles Schwab Investment Management Inc. Has $29.60 Million Holdings in Victory Capital Holdings, Inc. $VCTR

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Victory Capital Holdings by 4.0%, owning a total of 511,553 shares valued at approximately $29.6 million.
• The company recently announced a quarterly dividend of $0.49 per share, set to be paid on September 25th, which represents an annual yield of 2.8%.
• Victory Capital reported a 59.9% year-over-year increase in revenue to $351.21 million and achieved an earnings per share of $1.57, surpassing expectations.

Charles Schwab Investment Management Inc. increased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 511,553 shares of the company's stock after purchasing an additional 19,508 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.80% of Victory Capital worth $29,604,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Bosun Asset Management LLC grew its position in shares of Victory Capital by 1.4% in the fourth quarter. Bosun Asset Management LLC now owns 13,016 shares of the company's stock valued at $852,000 after purchasing an additional 176 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of Victory Capital by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company's stock worth $282,000 after buying an additional 273 shares during the period. Moody National Bank Trust Division boosted its position in shares of Victory Capital by 0.4% in the first quarter. Moody National Bank Trust Division now owns 81,175 shares of the company's stock worth $4,698,000 after buying an additional 291 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of Victory Capital by 17.8% in the first quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock worth $126,000 after acquiring an additional 329 shares in the last quarter. Finally, FourThought Financial Partners LLC lifted its stake in shares of Victory Capital by 11.5% in the first quarter. FourThought Financial Partners LLC now owns 3,594 shares of the company's stock worth $208,000 after acquiring an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

Wall Street Analyst Weigh In

VCTR has been the topic of several research reports. UBS Group cut their price objective on Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. reduced their price target on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Barclays lifted their price target on Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada raised their price objective on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Finally, Wall Street Zen cut Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $73.22.

Victory Capital Trading Down 0.8%

Shares of VCTR stock traded down $0.55 on Monday, hitting $71.23. The stock had a trading volume of 446,550 shares, compared to its average volume of 644,479. Victory Capital Holdings, Inc. has a twelve month low of $47.00 and a twelve month high of $73.42. The firm has a market cap of $4.76 billion, a P/E ratio of 17.59, a PEG ratio of 0.76 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average price of $67.33 and a two-hundred day moving average price of $62.93.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The firm had revenue of $351.21 million during the quarter, compared to analyst estimates of $348.89 million. During the same period in the prior year, the business earned $1.31 EPS. The company's revenue for the quarter was up 59.9% compared to the same quarter last year. As a group, analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 10th. Victory Capital's dividend payout ratio is currently 48.40%.

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.