Victory Capital Holdings, Inc. $VCTR Stake Boosted by Impax Asset Management Group plc

Key Points

• Impax Asset Management raised its stake in Victory Capital by 8.3%, purchasing 50,000 shares to hold 650,000 shares (about 1.00% of the company) valued at roughly $41.0 million.
• Analysts are mixed — five Buy, four Hold and one Sell — resulting in an average rating of "Hold" and an average price target of $76.13.
• Victory Capital recently beat quarterly expectations (EPS $1.78 vs. $1.66; revenue $374.1M, up 61% year-over-year) and pays an annualized dividend of $1.96 (yield ~2.6%).

Impax Asset Management Group plc increased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 650,000 shares of the company's stock after purchasing an additional 50,000 shares during the quarter. Impax Asset Management Group plc owned 1.00% of Victory Capital worth $41,008,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Planned Solutions Inc. lifted its stake in Victory Capital by 4.6% during the fourth quarter. Planned Solutions Inc. now owns 3,546 shares of the company's stock worth $224,000 after purchasing an additional 155 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in Victory Capital by 1.6% in the second quarter. Baird Financial Group Inc. now owns 10,332 shares of the company's stock worth $658,000 after acquiring an additional 163 shares during the last quarter. McIlrath & Eck LLC lifted its holdings in Victory Capital by 2.0% in the third quarter. McIlrath & Eck LLC now owns 10,056 shares of the company's stock worth $651,000 after acquiring an additional 196 shares during the last quarter. American Century Companies Inc. lifted its holdings in Victory Capital by 1.9% in the second quarter. American Century Companies Inc. now owns 11,892 shares of the company's stock worth $757,000 after acquiring an additional 217 shares during the last quarter. Finally, CWM LLC lifted its holdings in Victory Capital by 29.0% in the third quarter. CWM LLC now owns 973 shares of the company's stock worth $63,000 after acquiring an additional 219 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VCTR shares. JPMorgan Chase & Co. raised their target price on shares of Victory Capital from $71.00 to $72.00 and gave the stock a "neutral" rating in a report on Monday, April 20th. Weiss Ratings reiterated a "buy (b)" rating on shares of Victory Capital in a research note on Monday. Royal Bank Of Canada lifted their price target on Victory Capital from $78.00 to $84.00 and gave the company an "outperform" rating in a report on Tuesday, February 10th. Wall Street Zen cut Victory Capital from a "buy" rating to a "hold" rating in a report on Monday, April 6th. Finally, Barclays lifted their price target on Victory Capital from $69.00 to $74.00 and gave the company a "negative" rating in a report on Friday, April 17th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $76.13.

Victory Capital Price Performance

NASDAQ VCTR opened at $74.36 on Friday. The stock has a market capitalization of $4.76 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.10 and a beta of 1.04. Victory Capital Holdings, Inc. has a 1 year low of $55.27 and a 1 year high of $77.78. The business's fifty day moving average is $69.84 and its two-hundred day moving average is $67.06. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.47 and a current ratio of 1.47.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.12. The company had revenue of $374.12 million for the quarter, compared to analysts' expectations of $371.09 million. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The firm's revenue was up 61.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 earnings per share. On average, research analysts forecast that Victory Capital Holdings, Inc. will post 6.62 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, March 10th. Victory Capital's payout ratio is 48.16%.

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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