Illinois Municipal Retirement Fund Purchases New Shares in Victory Capital Holdings, Inc. $VCTR

Illinois Municipal Retirement Fund purchased a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 25,573 shares of the company’s stock, valued at approximately $1,656,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Baird Financial Group Inc. grew its position in shares of 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 buying an additional 163 shares during the period. ProShare Advisors LLC grew its holdings in Victory Capital by 2.0% in the second quarter. ProShare Advisors LLC now owns 9,081 shares of the company’s stock worth $578,000 after purchasing an additional 175 shares during the period. McIlrath & Eck LLC increased its stake in shares of Victory Capital by 2.0% during the third 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. American Century Companies Inc. lifted its holdings in shares of Victory Capital by 1.9% during the second quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock valued at $757,000 after purchasing an additional 217 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Victory Capital by 5.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,521 shares of the company’s stock worth $288,000 after purchasing an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Performance

Shares of VCTR stock opened at $75.32 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.47 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average price of $67.76 and a 200-day moving average price of $66.84. Victory Capital Holdings, Inc. has a 52 week low of $47.00 and a 52 week high of $77.78. The firm has a market capitalization of $4.89 billion, a PE ratio of 18.51, a P/E/G ratio of 0.78 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.12. The company had revenue of $374.12 million for the quarter, compared to analysts’ expectations of $371.09 million. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The firm’s quarterly revenue was up 61.0% on a year-over-year basis. During the same quarter last year, the company posted $1.45 earnings per share. As a group, equities research analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, March 10th. Victory Capital’s dividend payout ratio is 48.16%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Morgan Stanley reduced their price objective on Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. raised their price target on Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada raised their price objective on shares of Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Finally, Barclays set a $69.00 target price on shares of Victory Capital in a research note on Friday, February 6th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.38.

About Victory Capital

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.