Point Nemo Capital LLC Makes New Investment in Victory Capital Holdings, Inc. $VCTR

Point Nemo Capital LLC acquired a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 12,254 shares of the company’s stock, valued at approximately $1,355,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in Victory Capital by 14.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock valued at $114,163,000 after purchasing an additional 221,471 shares during the last quarter. Granahan Investment Management LLC grew its stake in Victory Capital by 1.1% in the first quarter. Granahan Investment Management LLC now owns 1,087,315 shares of the company’s stock valued at $71,197,000 after purchasing an additional 12,113 shares in the last quarter. Bank of America Corp DE grew its stake in 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 valued at $65,965,000 after purchasing an additional 111,063 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Victory Capital in the 2nd quarter worth about $42,035,000. Finally, Royal Bank of Canada increased its position in Victory Capital by 26.8% in the 1st quarter. Royal Bank of Canada now owns 182,050 shares of the company’s stock worth $11,920,000 after purchasing an additional 38,511 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VCTR. UBS Group set a $117.00 price target on Victory Capital in a research note on Friday, August 28th. Wall Street Zen lowered Victory Capital from a “buy” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group boosted their price target on Victory Capital from $100.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Royal Bank Of Canada boosted their price target on Victory Capital from $107.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Zacks Research downgraded Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Victory Capital has a consensus rating of “Hold” and an average target price of $119.50.

Victory Capital Stock Up 6.1%

Shares of Victory Capital stock opened at $119.24 on Friday. Victory Capital Holdings, Inc. has a 12-month low of $57.03 and a 12-month high of $123.55. The company has a quick ratio of 1.29, a current ratio of 1.56 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average price of $110.79 and a two-hundred day moving average price of $90.33. The stock has a market capitalization of $7.33 billion, a P/E ratio of 21.92, a PEG ratio of 0.55 and a beta of 1.12.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Wednesday, November 4th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). Victory Capital had a net margin of 28.58% and a return on equity of 24.37%. The firm had revenue of $396.57 million during the quarter, compared to the consensus estimate of $411.23 million. Equities analysts expect that Victory Capital Holdings, Inc. will post 7.78 earnings per share for the current year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Investors of record on Thursday, December 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, December 10th. Victory Capital’s dividend payout ratio is currently 36.76%.

Victory Capital Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.