Victory Capital Holdings, Inc. $VCTR Shares Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lifted its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 33.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 16,762 shares of the company’s stock after purchasing an additional 4,241 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Victory Capital were worth $1,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. lifted its position in Victory Capital by 5.1% during the second quarter. Ameritas Investment Partners Inc. now owns 4,521 shares of the company’s stock worth $288,000 after buying an additional 218 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Victory Capital during the 2nd quarter worth $228,000. Prudential Financial Inc. boosted its position in shares of Victory Capital by 40.9% during the 2nd quarter. Prudential Financial Inc. now owns 90,135 shares of the company’s stock valued at $5,739,000 after acquiring an additional 26,160 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Victory Capital by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock valued at $757,000 after acquiring an additional 217 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Victory Capital by 13.9% in the second quarter. Rhumbline Advisers now owns 66,241 shares of the company’s stock valued at $4,218,000 after purchasing an additional 8,105 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on VCTR shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on shares of Victory Capital from $71.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Morgan Stanley upped their price objective on Victory Capital from $67.00 to $69.00 and gave the company a “positive” rating in a report on Monday, October 6th. Zacks Research cut Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Finally, Barclays reduced 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. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $74.89.

Victory Capital Price Performance

Shares of VCTR opened at $62.97 on Friday. The company has a market cap of $4.09 billion, a P/E ratio of 16.06, a PEG ratio of 0.62 and a beta of 1.10. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.41. Victory Capital Holdings, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $73.00. The firm’s 50 day moving average price is $64.13 and its 200 day moving average price is $65.81.

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

Victory Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, December 10th. Victory Capital’s dividend payout ratio is presently 50.00%.

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.