VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Victory Capital Holdings, Inc. $VCTR

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,700 shares of the company’s stock, valued at approximately $745,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of VCTR. EP Wealth Advisors LLC lifted its stake in shares of Victory Capital by 7.0% in the first quarter. EP Wealth Advisors LLC now owns 4,193 shares of the company’s stock worth $243,000 after acquiring an additional 273 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Victory Capital by 17.8% in the first quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company’s stock worth $126,000 after acquiring an additional 329 shares in the last quarter. FourThought Financial Partners LLC lifted its stake in shares of Victory Capital by 11.5% in the first quarter. FourThought Financial Partners LLC now owns 3,594 shares of the company’s stock worth $208,000 after acquiring an additional 372 shares in the last quarter. Comerica Bank lifted its stake in shares of Victory Capital by 5.8% in the first quarter. Comerica Bank now owns 7,559 shares of the company’s stock worth $437,000 after acquiring an additional 414 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its stake in shares of Victory Capital by 1.6% in the second quarter. Wesbanco Bank Inc. now owns 29,433 shares of the company’s stock worth $1,874,000 after acquiring an additional 471 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley upped their price objective on Victory Capital from $67.00 to $69.00 and gave the company a “positive” rating in a research note on Monday, October 6th. The Goldman Sachs Group restated a “buy” rating and set a $76.00 price objective on shares of Victory Capital in a research note on Tuesday, September 23rd. Bank of America upped their price objective on Victory Capital from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Zacks Research upgraded Victory Capital from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.00.

Victory Capital Stock Up 0.6%

NASDAQ:VCTR opened at $63.57 on Friday. The firm has a market capitalization of $4.25 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.64 and a beta of 1.07. The stock has a 50 day moving average of $68.00 and a 200-day moving average of $64.85. Victory Capital Holdings, Inc. has a 52 week low of $47.00 and a 52 week high of $73.42. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.39.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, August 7th. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. The company had revenue of $351.21 million during the quarter, compared to analyst estimates of $348.89 million. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The business’s revenue was up 59.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.31 earnings per share. Analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.96 annualized dividend and a dividend yield of 3.1%. Victory Capital’s dividend payout ratio is 48.40%.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.