136,514 Shares in Victory Capital Holdings, Inc. (NASDAQ:VCTR) Acquired by Rainwater Charitable Foundation

Rainwater Charitable Foundation purchased a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 136,514 shares of the company's stock, valued at approximately $4,702,000. Victory Capital accounts for about 3.6% of Rainwater Charitable Foundation's investment portfolio, making the stock its 5th largest holding. Rainwater Charitable Foundation owned 0.21% of Victory Capital at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VCTR. Corient Private Wealth LLC grew its position in Victory Capital by 126.8% during the third quarter. Corient Private Wealth LLC now owns 1,046,684 shares of the company's stock worth $34,896,000 after buying an additional 585,225 shares in the last quarter. Van Berkom & Associates Inc. increased its position in shares of Victory Capital by 19.2% in the third quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company's stock worth $60,537,000 after purchasing an additional 292,225 shares during the last quarter. LSV Asset Management raised its stake in Victory Capital by 22.2% in the third quarter. LSV Asset Management now owns 1,380,922 shares of the company's stock valued at $46,040,000 after purchasing an additional 250,600 shares in the last quarter. Vanguard Group Inc. lifted its position in Victory Capital by 6.6% during the third quarter. Vanguard Group Inc. now owns 3,107,427 shares of the company's stock valued at $103,602,000 after purchasing an additional 191,957 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its stake in Victory Capital by 31.8% in the 3rd quarter. Bahl & Gaynor Inc. now owns 783,773 shares of the company's stock worth $26,131,000 after buying an additional 189,052 shares in the last quarter. Institutional investors own 87.71% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Victory Capital from $30.00 to $32.00 and gave the stock an "underweight" rating in a report on Wednesday, April 17th. Royal Bank of Canada lifted their price target on Victory Capital from $40.00 to $43.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 13th. B. Riley raised their price objective on Victory Capital from $48.00 to $57.00 and gave the company a "buy" rating in a report on Friday, April 19th. UBS Group upped their target price on Victory Capital from $37.00 to $48.00 and gave the stock a "neutral" rating in a research note on Monday, April 22nd. Finally, BMO Capital Markets upped their price objective on shares of Victory Capital from $53.00 to $55.00 and gave the company an "outperform" rating in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Victory Capital has a consensus rating of "Hold" and a consensus price target of $46.67.

Victory Capital Trading Down 0.8 %

Victory Capital stock traded down $0.41 during trading hours on Wednesday, reaching $50.45. The company had a trading volume of 468,287 shares, compared to its average volume of 398,856. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.66. Victory Capital Holdings, Inc. has a 12-month low of $27.73 and a 12-month high of $51.91. The company has a 50-day moving average price of $42.48 and a 200 day moving average price of $36.40. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 0.46 and a beta of 1.00.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results on Friday, February 9th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.11 by $0.02. The company had revenue of $205.80 million for the quarter, compared to the consensus estimate of $204.20 million. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 earnings per share. Equities analysts forecast that Victory Capital Holdings, Inc. will post 5.14 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a dividend of $0.335 per share. This is a positive change from Victory Capital's previous quarterly dividend of $0.32. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Friday, March 8th. Victory Capital's dividend payout ratio is currently 42.81%.

Victory Capital 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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