Amalgamated Bank Acquires 479 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Amalgamated Bank raised its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 50.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,423 shares of the company’s stock after purchasing an additional 479 shares during the quarter. Amalgamated Bank’s holdings in Victory Capital were worth $68,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CWM LLC lifted its holdings in Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after buying an additional 564 shares in the last quarter. nVerses Capital LLC increased its position in shares of Victory Capital by 200.0% during the second quarter. nVerses Capital LLC now owns 2,700 shares of the company’s stock worth $129,000 after acquiring an additional 1,800 shares during the period. Picton Mahoney Asset Management purchased a new stake in shares of Victory Capital in the 2nd quarter worth $156,000. Rothschild Investment LLC purchased a new stake in Victory Capital during the second quarter valued at approximately $202,000. Finally, ProShare Advisors LLC acquired a new position in Victory Capital during the 1st quarter valued at about $205,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VCTR shares. The Goldman Sachs Group upped their price objective on shares of Victory Capital from $53.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Barclays assumed coverage on Victory Capital in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $58.00 price objective on the stock. Bank of America upped their target price on Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Royal Bank of Canada reduced their price objective on shares of Victory Capital from $56.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Finally, Morgan Stanley raised their price target on shares of Victory Capital from $39.00 to $40.00 and gave the stock an “underweight” rating in a report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Victory Capital has an average rating of “Hold” and a consensus target price of $53.67.

Victory Capital Trading Down 1.2 %

Shares of NASDAQ VCTR opened at $54.76 on Wednesday. Victory Capital Holdings, Inc. has a twelve month low of $28.66 and a twelve month high of $56.58. The stock has a market capitalization of $3.54 billion, a PE ratio of 16.80, a PEG ratio of 0.61 and a beta of 0.91. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. The stock has a fifty day simple moving average of $52.19 and a 200-day simple moving average of $49.65.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. The business had revenue of $219.62 million during the quarter, compared to the consensus estimate of $220.82 million. On average, equities analysts forecast that Victory Capital Holdings, Inc. will post 5.19 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th were paid a $0.41 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.64 dividend on an annualized basis and a yield of 2.99%. This is a boost from Victory Capital’s previous quarterly dividend of $0.37. Victory Capital’s payout ratio is currently 50.31%.

Victory Capital Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.