Quantinno Capital Management LP Boosts Stock Position in Victory Capital Holdings, Inc. $VCTR

Quantinno Capital Management LP raised its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 531.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,365 shares of the company’s stock after purchasing an additional 43,234 shares during the period. Quantinno Capital Management LP owned about 0.08% of Victory Capital worth $3,363,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VCTR. Gamco Investors INC. ET AL raised its position in shares of Victory Capital by 1.0% in the first quarter. Gamco Investors INC. ET AL now owns 13,294 shares of the company’s stock valued at $870,000 after buying an additional 134 shares during the last quarter. Planned Solutions Inc. boosted its position in Victory Capital by 4.6% during the fourth quarter. Planned Solutions Inc. now owns 3,546 shares of the company’s stock worth $224,000 after acquiring an additional 155 shares during the last quarter. Baird Financial Group Inc. grew its stake 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 acquiring an additional 163 shares during the period. American Century Companies Inc. grew its stake in Victory Capital by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock worth $757,000 after acquiring an additional 217 shares during the period. Finally, ProShare Advisors LLC raised its holdings in Victory Capital by 2.6% in the 4th quarter. ProShare Advisors LLC now owns 8,654 shares of the company’s stock valued at $546,000 after acquiring an additional 222 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Victory Capital from $87.00 to $101.00 and gave the stock a “neutral” rating in a report on Friday. Zacks Research upgraded Victory Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $100.00 price target on shares of Victory Capital in a research note on Friday. Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $98.29.

Victory Capital Stock Performance

NASDAQ:VCTR opened at $108.16 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.26 and a beta of 1.08. The firm’s fifty day simple moving average is $91.83 and its 200 day simple moving average is $79.92. Victory Capital Holdings, Inc. has a twelve month low of $57.03 and a twelve month high of $109.93.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.42. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%.The firm had revenue of $435.36 million during the quarter, compared to the consensus estimate of $386.09 million. As a group, equities research analysts expect that Victory Capital Holdings, Inc. will post 7.38 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. Victory Capital’s dividend payout ratio is presently 36.76%.

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.