Directional Asset Management Acquires Shares of 6,841 Victory Capital Holdings, Inc. $VCTR

Directional Asset Management acquired a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 6,841 shares of the company’s stock, valued at approximately $432,000.

A number of other institutional investors have also added to or reduced their stakes in VCTR. Vanguard Group Inc. grew 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 valued at $307,073,000 after buying an additional 515,845 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Victory Capital by 8,812.2% during the 3rd quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock valued at $18,175,000 after buying an additional 277,497 shares in the last quarter. Invesco Ltd. grew its holdings in Victory Capital by 163.6% during the 3rd quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock valued at $27,971,000 after buying an additional 268,061 shares in the last quarter. Voloridge Investment Management LLC grew its holdings in Victory Capital by 747.2% during the 3rd quarter. Voloridge Investment Management LLC now owns 299,862 shares of the company’s stock valued at $19,419,000 after buying an additional 264,468 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Victory Capital by 227.1% in the third quarter. Barclays PLC now owns 315,141 shares of the company’s stock valued at $20,409,000 after purchasing an additional 218,808 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VCTR has been the subject of a number of recent research reports. Barclays raised their target price on shares of Victory Capital from $69.00 to $74.00 and gave the company a “negative” rating in a report on Friday, April 17th. Wall Street Zen lowered shares of Victory Capital from a “buy” rating to a “hold” rating in a report on Monday, April 6th. Morgan Stanley cut their target price on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Tuesday, February 3rd. Royal Bank Of Canada raised their target price on shares of Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a report on Monday. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Victory Capital has a consensus rating of “Hold” and an average target price of $76.13.

Victory Capital Stock Down 0.6%

Shares of VCTR opened at $74.52 on Friday. The company has a market cap of $4.77 billion, a PE ratio of 18.31, a P/E/G ratio of 1.10 and a beta of 1.04. The business has a fifty day moving average of $69.84 and a 200 day moving average of $67.00. Victory Capital Holdings, Inc. has a 52-week low of $55.27 and a 52-week high of $77.78. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.40.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. The company had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.Victory Capital’s revenue was up 61.0% on a year-over-year basis. During the same period last year, the company earned $1.45 earnings per share. On average, sell-side analysts expect that Victory Capital Holdings, Inc. will post 6.65 EPS for the current year.

Victory Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th were given a $0.49 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $1.96 dividend on an annualized basis and a yield of 2.6%. Victory Capital’s dividend payout ratio (DPR) is currently 48.16%.

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.