Royce & Associates LP Acquires 60,432 Shares of Victory Capital Holdings, Inc. $VCTR

Royce & Associates LP increased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 12.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 566,062 shares of the company’s stock after buying an additional 60,432 shares during the period. Royce & Associates LP’s holdings in Victory Capital were worth $36,658,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in VCTR. Nisa Investment Advisors LLC lifted its holdings in shares of Victory Capital by 2,131.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock worth $27,000 after acquiring an additional 405 shares during the last quarter. CWM LLC grew its holdings in shares of Victory Capital by 29.0% during the 3rd quarter. CWM LLC now owns 973 shares of the company’s stock valued at $63,000 after purchasing an additional 219 shares during the last quarter. AdvisorNet Financial Inc purchased a new position in Victory Capital in the 3rd quarter worth $65,000. Quantbot Technologies LP lifted its stake in Victory Capital by 206.0% in the second quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock worth $78,000 after purchasing an additional 824 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in Victory Capital in the third quarter worth $81,000. 87.71% of the stock is owned by institutional investors.

Victory Capital Trading Down 3.7%

NASDAQ VCTR opened at $69.18 on Monday. Victory Capital Holdings, Inc. has a 52 week low of $47.00 and a 52 week high of $77.78. The firm has a 50 day moving average of $69.52 and a two-hundred day moving average of $67.10. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $4.49 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 0.73 and a beta of 1.04.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) 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 company had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. During the same period in the previous year, the business earned $1.45 EPS. Victory Capital’s revenue for the quarter was up 61.0% on a year-over-year basis. As a group, research analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th will be paid a dividend of $0.49 per share. The ex-dividend date is Tuesday, March 10th. This represents a $1.96 dividend on an annualized basis and a yield of 2.8%. Victory Capital’s dividend payout ratio is currently 48.16%.

Analyst Ratings Changes

A number of research firms have recently weighed in on VCTR. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, January 21st. Royal Bank Of Canada raised their price target on Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Zacks Research cut shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Morgan Stanley cut their target price on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 3rd. Finally, Barclays set a $69.00 target price on Victory Capital in a report on Friday, February 6th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Victory Capital has a consensus rating of “Moderate Buy” and an average target price of $75.38.

About Victory Capital

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.