Capital World Investors Purchases 143,615 Shares of Victory Capital Holdings, Inc. $VCTR

Capital World Investors increased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 4.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,612,269 shares of the company’s stock after acquiring an additional 143,615 shares during the period. Capital World Investors owned approximately 0.05% of Victory Capital worth $233,931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of VCTR. CWM LLC boosted its holdings in Victory Capital by 29.0% in 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 period. AdvisorNet Financial Inc purchased a new position in shares of Victory Capital during the 3rd quarter valued at $65,000. Quantbot Technologies LP increased its holdings in shares of 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 period. Zions Bancorporation National Association UT purchased a new stake in shares of Victory Capital in the third quarter worth $81,000. Finally, Farther Finance Advisors LLC raised its position in shares of Victory Capital by 25.1% in the third quarter. Farther Finance Advisors LLC now owns 1,882 shares of the company’s stock worth $122,000 after buying an additional 378 shares in the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VCTR shares. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price target on Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Morgan Stanley dropped their price target on 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. Wall Street Zen raised Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Finally, Barclays set a $69.00 price objective on shares of Victory Capital in a research report on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Victory Capital presently has a consensus rating of “Moderate Buy” and an average price target of $75.38.

Victory Capital Stock Up 1.6%

Shares of NASDAQ:VCTR opened at $67.69 on Thursday. The firm has a market capitalization of $4.40 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.47 and a current ratio of 1.47. Victory Capital Holdings, Inc. has a 52-week low of $47.00 and a 52-week high of $77.78. The firm has a fifty day moving average of $70.29 and a 200 day moving average of $67.01.

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

Victory Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.49 per share. The ex-dividend date is Tuesday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. Victory Capital’s dividend payout ratio is 48.16%.

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.