107,605 Victory Capital Holdings, Inc. $VCTR Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 547.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 127,265 shares of the company’s stock after buying an additional 107,605 shares during the quarter. Victory Capital accounts for about 0.6% of Fulcrum Asset Management LLP’s holdings, making the stock its 17th biggest position. Fulcrum Asset Management LLP owned approximately 0.21% of Victory Capital worth $14,050,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Victory Capital by 21.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,503 shares of the company’s stock worth $503,000 after acquiring an additional 789 shares during the last quarter. Point Nemo Capital LLC purchased a new stake in shares of Victory Capital during the third quarter worth $1,355,000. StoneX Group Inc. acquired a new stake in Victory Capital during the third quarter valued at $210,000. Commonwealth Equity Services LLC boosted its position in Victory Capital by 7.0% during the third quarter. Commonwealth Equity Services LLC now owns 3,456 shares of the company’s stock valued at $382,000 after purchasing an additional 227 shares during the last quarter. Finally, Covestor Ltd boosted its position in Victory Capital by 19.5% during the third quarter. Covestor Ltd now owns 729 shares of the company’s stock valued at $81,000 after purchasing an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

VCTR opened at $119.24 on Monday. The firm has a market cap of $7.33 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 0.55 and a beta of 1.12. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 1.56. The business has a 50 day moving average price of $110.79 and a 200 day moving average price of $90.33. Victory Capital Holdings, Inc. has a twelve month low of $57.03 and a twelve month high of $123.55.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.01). Victory Capital had a net margin of 28.58% and a return on equity of 24.37%. The company had revenue of $396.57 million for the quarter, compared to analyst estimates of $411.23 million. Research analysts forecast that Victory Capital Holdings, Inc. will post 7.78 EPS for the current year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Investors of record on Thursday, December 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, December 10th. Victory Capital’s dividend payout ratio is currently 36.76%.

Analysts Set New Price Targets

VCTR has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their target price on Victory Capital from $100.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. UBS Group set a $117.00 price target on Victory Capital in a research note on Friday, August 28th. Morgan Stanley raised their price target on Victory Capital from $115.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 28th. JPMorgan Chase & Co. lifted their price target on Victory Capital from $101.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, October 16th. Finally, Barclays boosted their price target on Victory Capital from $121.00 to $126.00 and gave the company an “equal weight” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Victory Capital presently has a consensus rating of “Hold” and an average target price of $119.50.

Victory Capital Company Profile

Victory Capital Holdings, Inc is an investment management firm that provides services to institutional investors, financial intermediaries and individual investors. Its offerings include mutual funds, exchange-traded funds, separately managed accounts and other investment strategies across a range of asset classes.

Founded in 2013 and headquartered in San Antonio, Texas, the company operates through a group of investment franchises with distinct investment approaches. Victory Capital serves clients in the United States and internationally.