Victory Capital Holdings, Inc. $VCTR Stock Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 286.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,900 shares of the company’s stock after acquiring an additional 19,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Victory Capital were worth $2,865,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hanseatic Management Services Inc. bought a new position in Victory Capital during the third quarter valued at $1,050,000. Signaturefd LLC increased its holdings in shares of Victory Capital by 71.6% in the 3rd quarter. Signaturefd LLC now owns 1,690 shares of the company’s stock worth $187,000 after buying an additional 705 shares during the last quarter. Evanson Financial LLC bought a new stake in shares of Victory Capital in the 3rd quarter worth about $5,761,000. Wedbush Securities Inc. bought a new stake in shares of Victory Capital in the 3rd quarter worth about $202,000. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of Victory Capital during the 3rd quarter valued at about $229,000. Institutional investors own 87.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Victory Capital from $101.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, October 16th. UBS Group set a $117.00 price objective on Victory Capital in a research note on Friday, August 28th. Barclays upped their price objective on Victory Capital from $112.00 to $121.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 14th. Zacks Research lowered Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, The Goldman Sachs Group raised their price objective on Victory Capital from $100.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $118.67.

Victory Capital Trading Up 3.3%

Shares of NASDAQ VCTR opened at $114.31 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $110.90 and a two-hundred day simple moving average of $89.34. The firm has a market cap of $7.03 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 0.52 and a beta of 1.12. Victory Capital Holdings, Inc. has a twelve month low of $57.03 and a twelve month high of $123.55.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.42. The company had revenue of $435.36 million for the quarter, compared to analysts’ expectations of $386.09 million. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. Analysts expect that Victory Capital Holdings, Inc. will post 7.78 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, September 10th. Victory Capital’s payout ratio is presently 36.76%.

About Victory Capital

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.