Capital World Investors Has $237.72 Million Stake in Victory Capital Holdings, Inc. $VCTR

Capital World Investors grew its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,768,001 shares of the company’s stock after purchasing an additional 155,732 shares during the period. Capital World Investors owned about 0.06% of Victory Capital worth $237,723,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VCTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Victory Capital by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,469 shares of the company’s stock worth $1,416,000 after purchasing an additional 1,060 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Victory Capital by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 366,318 shares of the company’s stock worth $21,199,000 after purchasing an additional 5,685 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Victory Capital by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,285 shares of the company’s stock worth $5,688,000 after purchasing an additional 9,319 shares during the last quarter. Jane Street Group LLC acquired a new stake in Victory Capital in the 1st quarter worth $3,747,000. Finally, Intech Investment Management LLC grew its position in Victory Capital by 18.8% in the 1st quarter. Intech Investment Management LLC now owns 20,442 shares of the company’s stock worth $1,183,000 after purchasing an additional 3,237 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Price Performance

Shares of Victory Capital stock opened at $87.40 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s 50-day simple moving average is $77.88 and its 200-day simple moving average is $71.23. Victory Capital Holdings, Inc. has a twelve month low of $57.03 and a twelve month high of $89.02. The firm has a market cap of $5.47 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.19. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The business had revenue of $387.99 million for the quarter, compared to analyst estimates of $364.97 million. During the same period in the previous year, the business earned $1.36 EPS. The firm’s revenue was up 76.7% on a year-over-year basis. As a group, research analysts expect that Victory Capital Holdings, Inc. will post 7.04 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.50 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date is Wednesday, June 10th. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. Victory Capital’s dividend payout ratio (DPR) is presently 44.14%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VCTR shares. Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Morgan Stanley set a $76.00 price target on shares of Victory Capital in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Barclays raised their price target on shares of Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Victory Capital in a research report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $84.71.

Victory Capital Company Profile

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.