Thrivent Financial for Lutherans Makes New $2.31 Million Investment in Victory Capital Holdings, Inc. $VCTR

Thrivent Financial for Lutherans purchased a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 35,653 shares of the company’s stock, valued at approximately $2,309,000. Thrivent Financial for Lutherans owned about 0.05% of Victory Capital at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Baird Financial Group Inc. raised its holdings in Victory Capital by 1.6% in the 2nd quarter. Baird Financial Group Inc. now owns 10,332 shares of the company’s stock worth $658,000 after purchasing an additional 163 shares during the period. ProShare Advisors LLC grew its holdings in Victory Capital by 2.0% during the second quarter. ProShare Advisors LLC now owns 9,081 shares of the company’s stock valued at $578,000 after purchasing an additional 175 shares during the period. McIlrath & Eck LLC increased its position in Victory Capital by 2.0% in the third quarter. McIlrath & Eck LLC now owns 10,056 shares of the company’s stock worth $651,000 after buying an additional 196 shares in the last quarter. American Century Companies Inc. raised its stake 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 worth $757,000 after buying an additional 217 shares during the period. Finally, Ameritas Investment Partners Inc. raised its stake in shares of Victory Capital by 5.1% in 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 during the period. Institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Up 3.5%

VCTR stock opened at $76.86 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.47 and a quick ratio of 1.26. Victory Capital Holdings, Inc. has a 1-year low of $47.00 and a 1-year high of $77.02. The business has a 50 day simple moving average of $66.53 and a two-hundred day simple moving average of $66.63. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 0.74 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Wednesday, February 4th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.66 by $0.12. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The firm had revenue of $374.12 million for the quarter, compared to the consensus estimate of $371.09 million. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The company’s quarterly revenue was up 61.0% compared to the same quarter last year. Research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, March 10th. Victory Capital’s dividend payout ratio is 48.16%.

Wall Street Analyst Weigh In

VCTR has been the subject of a number of recent research reports. Zacks Research downgraded Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Morgan Stanley lowered their price target on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 3rd. Royal Bank Of Canada upped their price target on shares of Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a research report on Tuesday. Barclays set a $69.00 price objective on shares of Victory Capital in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $75.38.

Victory Capital Profile

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.