Victory Capital Holdings, Inc. $VCTR Stock Holdings Raised by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 547.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 127,265 shares of the company’s stock after purchasing an additional 107,605 shares during the quarter. Victory Capital comprises 0.6% of Fulcrum Asset Management LLP’s portfolio, making the stock its 17th biggest holding. Fulcrum Asset Management LLP’s holdings in Victory Capital were worth $14,050,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Victory Capital by 14.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock worth $114,163,000 after purchasing an additional 221,471 shares during the period. Granahan Investment Management LLC boosted its stake in Victory Capital by 1.1% during the 1st quarter. Granahan Investment Management LLC now owns 1,087,315 shares of the company’s stock valued at $71,197,000 after purchasing an additional 12,113 shares during the period. Bank of America Corp DE grew its holdings in Victory Capital by 12.4% in the 1st quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock valued at $65,965,000 after buying an additional 111,063 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Victory Capital in the 2nd quarter valued at approximately $42,035,000. Finally, Royal Bank of Canada grew its holdings in Victory Capital by 26.8% in the 1st quarter. Royal Bank of Canada now owns 182,050 shares of the company’s stock valued at $11,920,000 after buying an additional 38,511 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Stock Performance

Shares of VCTR stock opened at $119.24 on Monday. The firm has a fifty day moving average of $110.79 and a 200-day moving average of $90.33. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 0.55 and a beta of 1.12. Victory Capital Holdings, Inc. has a 52-week low of $57.03 and a 52-week high of $123.55. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 1.56.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, November 4th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.01). The business had revenue of $396.57 million for the quarter, compared to analyst estimates of $411.23 million. Victory Capital had a net margin of 28.58% and a return on equity of 24.37%. On average, equities research analysts forecast that Victory Capital Holdings, Inc. will post 7.78 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Thursday, December 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, December 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.7%. Victory Capital’s dividend payout ratio (DPR) is currently 36.76%.

Analysts Set New Price Targets

VCTR has been the topic of several recent analyst reports. Weiss Ratings raised Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Morgan Stanley upped their price target on Victory Capital from $115.00 to $119.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 28th. Barclays increased their price objective on Victory Capital from $121.00 to $126.00 and gave the company an “equal weight” rating in a research report on Friday. UBS Group set a $117.00 price objective on shares of Victory Capital in a research note on Friday, August 28th. Finally, The Goldman Sachs Group raised their price objective on shares of Victory Capital from $100.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $119.50.

Victory Capital Profile

Victory Capital Holdings, Inc is an investment management firm that provides services to institutional investors, financial intermediaries and individual investors. Its offerings include mutual funds, exchange-traded funds, separately managed accounts and other investment strategies across a range of asset classes.

Founded in 2013 and headquartered in San Antonio, Texas, the company operates through a group of investment franchises with distinct investment approaches. Victory Capital serves clients in the United States and internationally.