Livforsakringsbolaget Skandia Omsesidigt Takes Position in Victory Capital Holdings, Inc. $VCTR

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 56,100 shares of the company’s stock, valued at approximately $4,710,000. Livforsakringsbolaget Skandia Omsesidigt owned 0.09% of Victory Capital at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in Victory Capital in the 2nd quarter valued at about $44,000. Bank of New York Mellon Corp acquired a new stake in shares of Victory Capital during the second quarter valued at about $42,035,000. Argent Capital Management LLC grew its stake in shares of Victory Capital by 52.1% during the first quarter. Argent Capital Management LLC now owns 179,683 shares of the company’s stock valued at $11,766,000 after acquiring an additional 61,583 shares in the last quarter. McIlrath & Eck LLC increased its position in shares of Victory Capital by 22.4% during the first quarter. McIlrath & Eck LLC now owns 3,369 shares of the company’s stock worth $221,000 after acquiring an additional 616 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Victory Capital by 12.4% in the first quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock worth $65,965,000 after acquiring an additional 111,063 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Down 2.3%

Shares of NASDAQ VCTR opened at $118.31 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average price is $100.81 and its two-hundred day moving average price is $84.88. Victory Capital Holdings, Inc. has a 52-week low of $57.03 and a 52-week high of $123.55. The stock has a market capitalization of $7.28 billion, a P/E ratio of 21.75, a PEG ratio of 1.01 and a beta of 1.08.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.42. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%.The business had revenue of $435.36 million during the quarter, compared to the consensus estimate of $386.09 million. On average, analysts anticipate that Victory Capital Holdings, Inc. will post 7.63 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, September 10th. This represents a $2.00 annualized dividend and a yield of 1.7%. Victory Capital’s payout ratio is presently 36.76%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Zacks Research upgraded Victory Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Barclays increased their target price on Victory Capital from $95.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Victory Capital from $87.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. UBS Group set a $117.00 price target on shares of Victory Capital in a report on Friday. Finally, Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Victory Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.71.

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.