Basswood Capital Management L.L.C. Purchases 17,930 Shares of Victory Capital Holdings, Inc. $VCTR

Basswood Capital Management L.L.C. lifted its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 465,923 shares of the company’s stock after acquiring an additional 17,930 shares during the quarter. Victory Capital accounts for 1.2% of Basswood Capital Management L.L.C.’s portfolio, making the stock its 22nd largest position. Basswood Capital Management L.L.C. owned about 0.72% of Victory Capital worth $29,395,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Core Wealth Advisors LLC bought a new stake in shares of Victory Capital in the 4th quarter worth about $30,000. Covestor Ltd lifted its holdings in shares of Victory Capital by 99.7% in the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after acquiring an additional 334 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Victory Capital by 48.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock worth $48,000 after acquiring an additional 246 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Victory Capital by 146.4% in the 4th quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after acquiring an additional 511 shares during the last quarter. Finally, Quantbot Technologies LP lifted its holdings in Victory Capital by 206.0% during the 2nd quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock valued at $78,000 after buying an additional 824 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Down 1.8%

Shares of VCTR opened at $84.84 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 0.91 and a beta of 1.10. The company has a 50-day moving average of $79.63 and a 200 day moving average of $71.86. Victory Capital Holdings, Inc. has a 1-year low of $57.03 and a 1-year high of $90.19.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.19. The business had revenue of $387.99 million for the quarter, compared to the consensus estimate of $364.97 million. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The company’s revenue for the quarter was up 76.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.36 EPS. On average, research analysts expect that Victory Capital Holdings, Inc. will post 7.04 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.50 per share. This is a positive change from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. Victory Capital’s payout ratio is 45.05%.

Analyst Ratings Changes

A number of brokerages recently weighed in on VCTR. Morgan Stanley set a $76.00 price objective on shares of Victory Capital in a report on Friday, May 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a report on Monday, April 20th. The Goldman Sachs Group began coverage on shares of Victory Capital in a report on Tuesday, June 2nd. They set a “neutral” rating and a $90.00 price objective for the company. Barclays lifted their price objective on shares of Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $95.00 price objective on shares of Victory Capital in a report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $84.71.

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.