Louisiana State Employees Retirement System Purchases Shares of 22,700 Victory Capital Holdings, Inc. $VCTR

Louisiana State Employees Retirement System bought a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,700 shares of the company’s stock, valued at approximately $1,470,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VCTR. McIlrath & Eck LLC boosted its stake in shares of Victory Capital by 2.0% during the 3rd quarter. McIlrath & Eck LLC now owns 10,056 shares of the company’s stock valued at $651,000 after purchasing an additional 196 shares in the last quarter. Annex Advisory Services LLC grew its holdings in shares of Victory Capital by 4.6% during the third quarter. Annex Advisory Services LLC now owns 544,078 shares of the company’s stock valued at $35,234,000 after buying an additional 24,050 shares during the last quarter. Apollon Wealth Management LLC raised its stake in shares of Victory Capital by 29.3% in the third quarter. Apollon Wealth Management LLC now owns 12,085 shares of the company’s stock worth $783,000 after purchasing an additional 2,735 shares during the last quarter. CWM LLC lifted its stake in Victory Capital by 29.0% during the 3rd quarter. CWM LLC now owns 973 shares of the company’s stock valued at $63,000 after acquiring an additional 219 shares during the period. Finally, Yousif Capital Management LLC purchased a new stake in Victory Capital in the third quarter worth approximately $980,000. 87.71% of the stock is owned by institutional investors.

Victory Capital Trading Up 0.3%

NASDAQ VCTR opened at $68.93 on Tuesday. Victory Capital Holdings, Inc. has a 12-month low of $47.00 and a 12-month high of $73.00. The company has a fifty day simple moving average of $63.53 and a two-hundred day simple moving average of $66.16. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.48 billion, a P/E ratio of 17.58, a P/E/G ratio of 0.67 and a beta of 1.07.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Thursday, November 6th. The company reported $1.63 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%.Victory Capital’s revenue for the quarter was up 60.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 earnings per share. On average, analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Announces Dividend

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

Analyst Upgrades and Downgrades

VCTR has been the subject of a number of recent research reports. Zacks Research downgraded shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, October 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $76.00 target price on shares of Victory Capital in a report on Tuesday, September 23rd. JPMorgan Chase & Co. decreased their price objective on Victory Capital from $71.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, Barclays lowered 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 report on Tuesday, October 21st. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.00.

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.