ClariVest Asset Management LLC bought a new position in shares of Victory Capital Holdings Inc (NASDAQ:VCTR) in the fourth quarter, HoldingsChannel reports. The fund bought 39,060 shares of the company’s stock, valued at approximately $399,000.
Several other institutional investors have also added to or reduced their stakes in the company. Wesbanco Bank Inc. grew its holdings in shares of Victory Capital by 11.6% during the third quarter. Wesbanco Bank Inc. now owns 61,132 shares of the company’s stock worth $583,000 after buying an additional 6,352 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Victory Capital during the 3rd quarter valued at about $474,000. Marshall Wace LLP acquired a new position in shares of Victory Capital during the 3rd quarter valued at about $453,000. Bailard Inc. boosted its position in shares of Victory Capital by 50.9% during the 4th quarter. Bailard Inc. now owns 43,900 shares of the company’s stock valued at $449,000 after acquiring an additional 14,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Victory Capital during the 3rd quarter valued at about $334,000. 15.84% of the stock is owned by institutional investors and hedge funds.
In related news, Director James B. Hawkes bought 5,300 shares of the firm’s stock in a transaction on Wednesday, November 21st. The shares were bought at an average price of $12.00 per share, with a total value of $63,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James B. Hawkes bought 5,000 shares of the firm’s stock in a transaction on Thursday, December 20th. The stock was bought at an average cost of $8.80 per share, for a total transaction of $44,000.00. The disclosure for this purchase can be found here.
Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, February 6th. The company reported $0.34 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.34. Victory Capital had a net margin of 15.41% and a return on equity of 24.70%. The company had revenue of $95.97 million for the quarter, compared to analysts’ expectations of $98.27 million. As a group, analysts predict that Victory Capital Holdings Inc will post 2.26 EPS for the current fiscal year.
VCTR has been the topic of several recent research reports. Zacks Investment Research raised shares of Victory Capital from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Tuesday, October 23rd. William Blair reissued an “outperform” rating on shares of Victory Capital in a research report on Monday, November 12th. Morgan Stanley set a $15.00 price target on shares of Victory Capital and gave the company a “buy” rating in a research report on Friday, February 8th. Finally, ValuEngine raised shares of Victory Capital from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $13.28.
Victory Capital Company Profile
Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.
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