Strs Ohio Purchases Shares of 6,000 Victory Capital Holdings, Inc. $VCTR

Strs Ohio acquired a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,000 shares of the company’s stock, valued at approximately $393,000.

Other hedge funds have also recently modified their holdings of the company. Impax Asset Management Group plc raised its position in Victory Capital by 8.3% during the fourth quarter. Impax Asset Management Group plc now owns 650,000 shares of the company’s stock valued at $41,008,000 after acquiring an additional 50,000 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Victory Capital by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock worth $303,769,000 after purchasing an additional 73,142 shares during the period. Annex Advisory Services LLC grew its stake in shares of Victory Capital by 5.6% during the 4th quarter. Annex Advisory Services LLC now owns 574,699 shares of the company’s stock worth $36,258,000 after purchasing an additional 30,621 shares during the period. Sendero Wealth Management LLC purchased a new position in shares of Victory Capital during the 4th quarter valued at approximately $1,465,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Victory Capital in the 1st quarter valued at $1,382,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analyst Ratings Changes

VCTR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, May 8th. The Goldman Sachs Group assumed coverage on Victory Capital in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $90.00 price objective on the stock. Barclays upped their target price on Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research report on Monday, April 20th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $95.00 price target on shares of Victory Capital in a research report on Tuesday, May 12th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $86.00.

Victory Capital Stock Up 3.2%

Shares of NASDAQ:VCTR opened at $92.24 on Friday. Victory Capital Holdings, Inc. has a 52-week low of $57.03 and a 52-week high of $92.83. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average of $86.02 and a two-hundred day moving average of $75.18. The stock has a market cap of $5.77 billion, a P/E ratio of 20.77, a PEG ratio of 0.94 and a beta of 1.09.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. The company 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%. Victory Capital’s quarterly revenue was up 76.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 earnings per share. On average, research analysts expect that Victory Capital Holdings, Inc. will post 7.21 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were paid a $0.50 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. Victory Capital’s payout ratio is presently 45.05%.

Victory Capital Company 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.