Public Sector Pension Investment Board Buys 191,674 Shares of Victory Capital Holdings, Inc. $VCTR

Public Sector Pension Investment Board boosted its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 132.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 336,740 shares of the company’s stock after acquiring an additional 191,674 shares during the quarter. Public Sector Pension Investment Board’s holdings in Victory Capital were worth $21,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of VCTR. Amundi purchased a new position in Victory Capital in the 2nd quarter worth approximately $213,219,000. Geode Capital Management LLC grew its holdings in shares of Victory Capital by 26.5% in the second quarter. Geode Capital Management LLC now owns 1,359,120 shares of the company’s stock worth $86,545,000 after purchasing an additional 285,137 shares during the last quarter. State Street Corp increased its stake in shares of Victory Capital by 3.3% in the second quarter. State Street Corp now owns 1,239,361 shares of the company’s stock worth $78,910,000 after buying an additional 39,986 shares during the period. Annex Advisory Services LLC raised its holdings in Victory Capital by 4.6% during the 3rd quarter. Annex Advisory Services LLC now owns 544,078 shares of the company’s stock valued at $35,234,000 after buying an additional 24,050 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Victory Capital by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 439,000 shares of the company’s stock valued at $27,951,000 after buying an additional 16,007 shares during the period. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Price Performance

VCTR stock opened at $74.74 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.47 and a quick ratio of 1.26. Victory Capital Holdings, Inc. has a 1 year low of $47.00 and a 1 year high of $77.78. The firm has a 50-day moving average of $67.28 and a 200 day moving average of $66.79. The company has a market cap of $4.85 billion, a P/E ratio of 18.36, a PEG ratio of 0.79 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The firm had revenue of $374.12 million for the quarter, compared to the consensus estimate of $371.09 million. During the same quarter in the prior year, the business earned $1.45 EPS. The business’s revenue for the quarter was up 61.0% on a year-over-year basis. On average, sell-side analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.96 annualized dividend and a yield of 2.6%. Victory Capital’s dividend payout ratio (DPR) is currently 48.16%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley decreased their price objective on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, January 21st. Royal Bank Of Canada upped their price target on Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Finally, Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.38.

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.