Louisiana State Employees Retirement System Invests $1.38 Million in Victory Capital Holdings, Inc. $VCTR

Louisiana State Employees Retirement System bought a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 21,100 shares of the company’s stock, valued at approximately $1,382,000.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Victory Capital by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock worth $303,769,000 after acquiring an additional 73,142 shares in the last quarter. Capital World Investors boosted its stake in shares of Victory Capital by 4.3% in the 4th quarter. Capital World Investors now owns 3,768,001 shares of the company’s stock valued at $237,723,000 after purchasing an additional 155,732 shares in the last quarter. Amundi bought a new stake in shares of Victory Capital in the 4th quarter worth about $192,735,000. State Street Corp grew its holdings in shares of Victory Capital by 0.5% in the 4th quarter. State Street Corp now owns 1,857,636 shares of the company’s stock worth $117,198,000 after purchasing an additional 8,322 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Victory Capital by 7.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,523,324 shares of the company’s stock worth $98,652,000 after purchasing an additional 102,828 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Stock Up 2.3%

Shares of NASDAQ VCTR opened at $87.74 on Friday. The firm’s 50-day simple moving average is $84.30 and its 200 day simple moving average is $74.15. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 0.90 and a beta of 1.09. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.41. Victory Capital Holdings, Inc. has a 12-month low of $57.03 and a 12-month high of $90.19.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. The firm had revenue of $387.99 million for the quarter, compared to analyst estimates of $364.97 million. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The company’s revenue was up 76.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 EPS. On average, research analysts expect that Victory Capital Holdings, Inc. will post 7.21 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Wednesday, June 10th. Victory Capital’s payout ratio is currently 45.05%.

Analysts Set New Price Targets

VCTR has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on shares of Victory Capital in a report on Tuesday, June 2nd. They set a “neutral” rating and a $90.00 price target for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Victory Capital in a report on Tuesday, May 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research note on Monday, April 20th. JPMorgan Chase & Co. lifted their target price on shares of Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Wall Street Zen raised Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Four investment 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 stock presently has a consensus rating of “Hold” and a consensus target price of $86.00.

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.