6,000 Shares in Victory Capital Holdings, Inc. $VCTR Acquired by Strs Ohio

Strs Ohio purchased a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,000 shares of the company’s stock, valued at approximately $393,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VCTR. Planned Solutions Inc. boosted its stake in shares of Victory Capital by 4.6% in the 4th quarter. Planned Solutions Inc. now owns 3,546 shares of the company’s stock valued at $224,000 after buying an additional 155 shares during the period. Baird Financial Group Inc. grew its stake in shares of Victory Capital by 1.6% during the second quarter. Baird Financial Group Inc. now owns 10,332 shares of the company’s stock worth $658,000 after purchasing an additional 163 shares in the last quarter. American Century Companies Inc. lifted its holdings in Victory Capital by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock worth $757,000 after buying an additional 217 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Victory Capital by 2.6% in the 4th quarter. ProShare Advisors LLC now owns 8,654 shares of the company’s stock valued at $546,000 after acquiring an additional 222 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Victory Capital by 48.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after purchasing an additional 246 shares in the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Victory Capital in a research report on Tuesday, June 2nd. They issued a “neutral” rating and a $90.00 price target for the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of Victory Capital in a research report on Tuesday, May 12th. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen raised Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research note on Monday, April 20th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $86.00.

Victory Capital Trading Up 3.2%

Shares of VCTR opened at $92.24 on Friday. Victory Capital Holdings, Inc. has a twelve month low of $57.03 and a twelve month high of $92.83. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $5.77 billion, a P/E ratio of 20.77, a PEG ratio of 0.94 and a beta of 1.09. The firm’s 50-day moving average is $86.02 and its two-hundred day moving average is $75.18.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.63 by $0.19. The business had revenue of $387.99 million for the quarter, compared to analyst estimates of $364.97 million. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The company’s quarterly revenue was up 76.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 EPS. On average, research analysts predict that Victory Capital Holdings, Inc. will post 7.21 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were issued a dividend of $0.50 per share. This is a boost from Victory Capital’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, June 10th. Victory Capital’s payout ratio is presently 45.05%.

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.