Inceptionr LLC Purchases New Stake in Victory Capital Holdings, Inc. $VCTR

Inceptionr LLC purchased a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,893 shares of the company’s stock, valued at approximately $312,000.

Several other institutional investors and hedge funds have also recently modified their holdings of VCTR. Elo Mutual Pension Insurance Co lifted its stake in shares of Victory Capital by 33.9% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 16,762 shares of the company’s stock worth $1,067,000 after buying an additional 4,241 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in Victory Capital by 5.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,521 shares of the company’s stock valued at $288,000 after acquiring an additional 218 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Victory Capital during the second quarter worth approximately $228,000. Prudential Financial Inc. boosted its holdings in shares of Victory Capital by 40.9% during the second quarter. Prudential Financial Inc. now owns 90,135 shares of the company’s stock worth $5,739,000 after acquiring an additional 26,160 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Victory Capital by 1.9% in the second quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock valued at $757,000 after purchasing an additional 217 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Stock Performance

VCTR opened at $62.97 on Friday. The firm has a market cap of $4.09 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 0.61 and a beta of 1.10. Victory Capital Holdings, Inc. has a 52-week low of $47.00 and a 52-week high of $73.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.26 and a current ratio of 1.26. The business’s fifty day moving average is $64.13 and its 200-day moving average is $65.82.

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

Victory Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be issued a dividend of $0.49 per share. 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 50.00%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VCTR shares. Bank of America lifted their price target on Victory Capital from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Morgan Stanley lifted their target price on Victory Capital from $67.00 to $69.00 and gave the stock a “positive” rating in a report on Monday, October 6th. Barclays reduced their target price on shares of Victory Capital from $72.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. B. Riley raised their price target on shares of Victory Capital from $74.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.89.

Victory Capital 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.