TimesSquare Capital Management LLC Has $46.13 Million Holdings in Victory Capital Holdings, Inc. $VCTR

TimesSquare Capital Management LLC cut its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 3.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 731,214 shares of the company’s stock after selling 28,288 shares during the period. TimesSquare Capital Management LLC’s holdings in Victory Capital were worth $46,132,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. ProShare Advisors LLC lifted its position in Victory Capital by 2.6% during the fourth quarter. ProShare Advisors LLC now owns 8,654 shares of the company’s stock worth $546,000 after purchasing an additional 222 shares during the period. HighTower Advisors LLC lifted its position in Victory Capital by 3.6% during the fourth quarter. HighTower Advisors LLC now owns 8,552 shares of the company’s stock worth $540,000 after purchasing an additional 297 shares during the period. Gabelli Funds LLC lifted its position in Victory Capital by 8.3% during the fourth quarter. Gabelli Funds LLC now owns 101,556 shares of the company’s stock worth $6,407,000 after purchasing an additional 7,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in Victory Capital by 35.4% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 9,750 shares of the company’s stock worth $615,000 after purchasing an additional 2,550 shares during the period. Finally, Fifth Third Bancorp lifted its position in Victory Capital by 2,954.5% during the fourth quarter. Fifth Third Bancorp now owns 1,344 shares of the company’s stock worth $85,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VCTR. Barclays upped their price objective on shares of Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Victory Capital in a research report on Tuesday, May 12th. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.71.

Victory Capital Trading Up 1.9%

Shares of Victory Capital stock opened at $87.07 on Tuesday. Victory Capital Holdings, Inc. has a 52-week low of $57.03 and a 52-week high of $88.73. The stock’s 50-day simple moving average is $72.54 and its 200 day simple moving average is $68.75. The stock has a market capitalization of $5.44 billion, a P/E ratio of 19.61, a P/E/G ratio of 0.96 and a beta of 1.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.13.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.19. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The business had revenue of $387.99 million for the quarter, compared to analysts’ expectations of $364.97 million. During the same period in the previous year, the business posted $1.36 EPS. The firm’s quarterly revenue was up 76.7% compared to the same quarter last year. As a group, research analysts anticipate that Victory Capital Holdings, Inc. will post 6.73 EPS for the current year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. Victory Capital’s dividend payout ratio (DPR) is presently 44.14%.

About Victory Capital

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.