AlphaQuest LLC Raises Stock Holdings in Victory Capital Holdings, Inc. $VCTR

AlphaQuest LLC boosted its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 192.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 21,698 shares of the company’s stock after acquiring an additional 14,269 shares during the quarter. AlphaQuest LLC’s holdings in Victory Capital were worth $1,405,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VCTR. Nisa Investment Advisors LLC lifted its holdings in shares of Victory Capital by 2,131.6% during the second quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock worth $27,000 after purchasing an additional 405 shares during the period. CWM LLC raised its position in Victory Capital by 29.0% during the 3rd quarter. CWM LLC now owns 973 shares of the company’s stock worth $63,000 after buying an additional 219 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in Victory Capital during the 3rd quarter valued at approximately $65,000. Quantbot Technologies LP boosted its holdings in shares of Victory Capital by 206.0% in the 2nd quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock valued at $78,000 after acquiring an additional 824 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Victory Capital by 1,048.1% in the second quarter. Farther Finance Advisors LLC now owns 1,504 shares of the company’s stock worth $96,000 after acquiring an additional 1,373 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on VCTR shares. Barclays decreased 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. Morgan Stanley lifted their price objective on Victory Capital from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. JPMorgan Chase & Co. upped their target price on Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Finally, Zacks Research cut Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.11.

Victory Capital Price Performance

Shares of Victory Capital stock opened at $70.53 on Friday. The firm has a market cap of $4.58 billion, a PE ratio of 17.99, a P/E/G ratio of 0.69 and a beta of 1.07. Victory Capital Holdings, Inc. has a twelve month low of $47.00 and a twelve month high of $73.00. The business has a 50-day moving average price of $65.21 and a 200 day moving average price of $66.52. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.41.

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

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.8%. The ex-dividend date was Wednesday, December 10th. Victory Capital’s payout ratio is presently 50.00%.

Victory Capital Company 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.