Victory Capital Holdings, Inc. $VCTR Shares Purchased by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its Victory Capital stake by 26.8% in the first quarter, purchasing 38,511 additional shares and bringing its holdings to 182,050 shares valued at approximately $11.92 million. Institutional investors collectively own 87.71% of the company.
• Analyst sentiment is broadly positive, with Victory Capital receiving a consensus “Moderate Buy” rating and an average price target of $98.29. RBC raised its target to $118 and assigned an “outperform” rating, while Zacks upgraded the stock to “strong buy.”
• Victory Capital exceeded quarterly expectations, reporting $2.21 in EPS versus the $1.79 consensus and revenue of $435.36 million versus $386.09 million expected. The company also declared a quarterly dividend of $0.50 per share, representing a 1.8% yield.

Royal Bank of Canada boosted its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 26.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 182,050 shares of the company's stock after buying an additional 38,511 shares during the period. Royal Bank of Canada owned approximately 0.29% of Victory Capital worth $11,920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its position in Victory Capital by 19,350.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company's stock worth $25,000 after buying an additional 387 shares during the last quarter. Core Wealth Advisors LLC purchased a new stake in shares of Victory Capital in the 4th quarter valued at $30,000. Covestor Ltd boosted its holdings in shares of Victory Capital by 99.7% in the 4th quarter. Covestor Ltd now owns 669 shares of the company's stock valued at $42,000 after acquiring an additional 334 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Victory Capital in the first quarter worth $46,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Victory Capital by 48.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company's stock worth $48,000 after acquiring an additional 246 shares during the period. Institutional investors and hedge funds own 87.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a "neutral" rating and set a $100.00 target price on shares of Victory Capital in a research report on Friday. JPMorgan Chase & Co. upped their price target on Victory Capital from $87.00 to $101.00 and gave the company a "neutral" rating in a research report on Friday. Zacks Research raised Victory Capital from a "hold" rating to a "strong-buy" rating in a report on Friday, July 10th. Royal Bank Of Canada lifted their price objective on Victory Capital from $107.00 to $118.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Morgan Stanley set a $91.00 price objective on Victory Capital in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $98.29.

Victory Capital Stock Performance

NASDAQ:VCTR opened at $108.16 on Friday. The company's 50-day moving average is $91.83 and its two-hundred day moving average is $79.92. Victory Capital Holdings, Inc. has a 1-year low of $57.03 and a 1-year high of $109.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.13. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.26 and a beta of 1.08.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.42. The business had revenue of $435.36 million during the quarter, compared to the consensus estimate of $386.09 million. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. Analysts forecast that Victory Capital Holdings, Inc. will post 7.38 EPS for the current year.

Victory Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 annualized dividend and a yield of 1.8%. Victory Capital's dividend payout ratio (DPR) is 36.76%.

Victory Capital Company Profile

Victory Capital NASDAQ: VCTR is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.

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