Federated Hermes Inc. Has $11.76 Million Position in Victory Capital Holdings, Inc. $VCTR

Federated Hermes Inc. lowered its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 22.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,628 shares of the company’s stock after selling 53,294 shares during the period. Federated Hermes Inc.’s holdings in Victory Capital were worth $11,762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mutual of America Capital Management LLC acquired a new position in Victory Capital during the third quarter valued at $359,000. Teacher Retirement System of Texas lifted its position in shares of Victory Capital by 285.3% in the third quarter. Teacher Retirement System of Texas now owns 74,829 shares of the company’s stock worth $4,846,000 after purchasing an additional 55,408 shares in the last quarter. Huntleigh Advisors Inc. boosted its holdings in shares of Victory Capital by 5.2% during the third quarter. Huntleigh Advisors Inc. now owns 35,968 shares of the company’s stock worth $2,329,000 after purchasing an additional 1,782 shares during the period. Amalgamated Bank grew its position in Victory Capital by 884.2% during the third quarter. Amalgamated Bank now owns 14,054 shares of the company’s stock valued at $910,000 after purchasing an additional 12,626 shares in the last quarter. Finally, Maryland State Retirement & Pension System purchased a new position in Victory Capital during the third quarter valued at approximately $460,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Zacks Research downgraded shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. 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. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, January 21st. Barclays dropped their target price on Victory Capital from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 21st. Finally, Morgan Stanley lifted their price target on Victory Capital from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.11.

Victory Capital Trading Up 1.1%

Shares of VCTR stock opened at $70.53 on Friday. Victory Capital Holdings, Inc. has a 12 month low of $47.00 and a 12 month high of $73.00. The company has a market cap of $4.58 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 0.69 and a beta of 1.07. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $65.21 and its two-hundred day moving average is $66.52.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.03. Victory Capital had a net margin of 25.27% and a return on equity of 24.23%. The business had revenue of $361.20 million during the quarter, compared to analysts’ expectations of $361.14 million. During the same period in the previous year, the company earned $1.35 earnings per share. Victory Capital’s revenue for the quarter was up 60.1% on a year-over-year basis. Equities analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, December 10th. Victory Capital’s dividend payout ratio (DPR) is currently 50.00%.

Victory Capital 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.