Oregon Public Employees Retirement Fund Takes Position in Victory Capital Holdings, Inc. $VCTR

Oregon Public Employees Retirement Fund acquired a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the third quarter, HoldingsChannel.com reports. The fund acquired 11,100 shares of the company’s stock, valued at approximately $719,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Amundi purchased a new stake in Victory Capital in the 2nd quarter valued at $213,219,000. Geode Capital Management LLC grew its holdings in shares of Victory Capital by 26.5% in the second quarter. Geode Capital Management LLC now owns 1,359,120 shares of the company’s stock valued at $86,545,000 after purchasing an additional 285,137 shares during the period. State Street Corp increased its position in Victory Capital by 3.3% during the second quarter. State Street Corp now owns 1,239,361 shares of the company’s stock worth $78,910,000 after purchasing an additional 39,986 shares during the last quarter. Swedbank AB raised its stake in Victory Capital by 4.3% during the second quarter. Swedbank AB now owns 600,000 shares of the company’s stock worth $38,202,000 after purchasing an additional 25,000 shares during the period. Finally, Annex Advisory Services LLC boosted its holdings in Victory Capital by 4.6% in the 3rd quarter. Annex Advisory Services LLC now owns 544,078 shares of the company’s stock valued at $35,234,000 after purchasing an additional 24,050 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

VCTR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Victory Capital from $71.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Zacks Research cut Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Morgan Stanley lifted their target price on Victory Capital from $68.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Bank of America increased their price target on Victory Capital from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, Barclays cut their price objective on Victory Capital from $72.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $75.00.

Victory Capital Trading Up 1.0%

Shares of NASDAQ VCTR opened at $67.87 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $4.41 billion, a PE ratio of 17.31, a PEG ratio of 0.67 and a beta of 1.07. Victory Capital Holdings, Inc. has a twelve month low of $47.00 and a twelve month high of $73.00. The stock has a fifty day simple moving average of $63.95 and a 200-day simple moving average of $66.23.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.03. Victory Capital had a net margin of 25.27% and a return on equity of 24.23%. The business had revenue of $361.20 million for the quarter, compared to analysts’ expectations of $361.14 million. During the same quarter in the prior year, the company earned $1.35 earnings per share. The business’s quarterly revenue was up 60.1% on a year-over-year basis. On average, equities analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th were paid a $0.49 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. Victory Capital’s payout ratio is 50.00%.

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.