VIRGINIA RETIREMENT SYSTEMS ET Al Invests $745,000 in Victory Capital Holdings, Inc. $VCTR

Key Points

• The Virginia Retirement Systems purchased 11,700 shares of Victory Capital Holdings, valued at approximately $745,000, in the second quarter, indicating institutional investor interest in the company.
• Analysts have raised their price target for Victory Capital, with B. Riley increasing it from $74.00 to $82.00 and Bank of America adjusting it from $83.00 to $84.00, all maintaining a "buy" rating on the stock.
• Victory Capital recently declared a quarterly dividend of $0.49 per share, resulting in an annualized yield of 3.1%, and boasts a significant return on equity of 26.46% for the last quarter.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,700 shares of the company's stock, valued at approximately $745,000.

A number of other institutional investors also recently made changes to their positions in VCTR. Maseco LLP acquired a new position in shares of Victory Capital in the second quarter worth $30,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Victory Capital in the first quarter valued at $41,000. Farther Finance Advisors LLC grew its position in shares of Victory Capital by 1,048.1% in the second quarter. Farther Finance Advisors LLC now owns 1,504 shares of the company's stock valued at $96,000 after purchasing an additional 1,373 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Victory Capital in the first quarter valued at $98,000. Finally, TD Private Client Wealth LLC grew its position 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 valued at $126,000 after purchasing an additional 329 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VCTR has been the subject of a number of recent analyst reports. B. Riley lifted their price objective on Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Victory Capital in a research report on Friday. Bank of America lifted their price objective on Victory Capital from $83.00 to $84.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Zacks Research raised Victory Capital from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 7th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $76.00 price objective on shares of Victory Capital in a research report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Victory Capital presently has an average rating of "Moderate Buy" and an average price target of $74.00.

Victory Capital Price Performance

VCTR stock opened at $63.57 on Friday. The stock has a 50-day moving average price of $68.00 and a two-hundred day moving average price of $64.85. Victory Capital Holdings, Inc. has a 12-month low of $47.00 and a 12-month high of $73.42. 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 market cap of $4.25 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.64 and a beta of 1.07.

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

Victory Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, September 10th. Victory Capital's payout ratio is currently 48.40%.

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.

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