Bahl & Gaynor Inc. Has $111.64 Million Stock Holdings in Victory Capital Holdings, Inc. $VCTR

Bahl & Gaynor Inc. boosted its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,723,897 shares of the company’s stock after acquiring an additional 79,013 shares during the period. Bahl & Gaynor Inc.’s holdings in Victory Capital were worth $111,640,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Victory Capital by 12.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock worth $307,073,000 after purchasing an additional 515,845 shares during the last quarter. Amundi acquired a new stake in shares of Victory Capital during the 2nd quarter worth approximately $213,219,000. Geode Capital Management LLC raised its stake in shares of Victory Capital by 26.5% during the second quarter. Geode Capital Management LLC now owns 1,359,120 shares of the company’s stock worth $86,545,000 after buying an additional 285,137 shares during the last quarter. State Street Corp raised its stake in shares of Victory Capital by 3.3% during the second quarter. State Street Corp now owns 1,239,361 shares of the company’s stock worth $78,910,000 after buying an additional 39,986 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in Victory Capital by 12.0% in the third quarter. Royce & Associates LP now owns 566,062 shares of the company’s stock valued at $36,658,000 after buying an additional 60,432 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Stock Performance

VCTR stock opened at $69.18 on Monday. Victory Capital Holdings, Inc. has a 1-year low of $47.00 and a 1-year high of $77.78. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.40. The firm has a market cap of $4.49 billion, a PE ratio of 17.00, a P/E/G ratio of 0.73 and a beta of 1.04. The business’s 50-day moving average price is $69.52 and its two-hundred day moving average price is $67.10.

Victory Capital (NASDAQ:VCTR) last announced its quarterly 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. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The company had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. During the same period in the prior year, the company earned $1.45 earnings per share. The company’s revenue for the quarter was up 61.0% compared to the same quarter last year. As a group, research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.96 dividend on an annualized basis and a yield of 2.8%. Victory Capital’s payout ratio is presently 48.16%.

Analyst Upgrades and Downgrades

VCTR has been the subject of a number of analyst reports. Barclays set a $69.00 target price on shares of Victory Capital in a report on Friday, February 6th. Morgan Stanley decreased their price objective on Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 3rd. Royal Bank Of Canada upped their price objective on Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. Zacks Research cut Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.38.

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.