Integrity Alliance LLC. Makes New Investment in Victory Capital Holdings, Inc. $VCTR

Integrity Alliance LLC. bought a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,096 shares of the company’s stock, valued at approximately $564,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Victory Capital by 14.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock valued at $114,163,000 after acquiring an additional 221,471 shares during the last quarter. Granahan Investment Management LLC raised its position in Victory Capital by 1.1% during 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 lifted its stake in Victory Capital by 12.4% during the first quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock worth $65,965,000 after purchasing an additional 111,063 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Victory Capital during the second quarter worth about $42,035,000. Finally, Royal Bank of Canada lifted its stake in Victory Capital by 26.8% during the first 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.

Victory Capital Price Performance

Shares of VCTR opened at $119.24 on Friday. The stock has a market cap of $7.33 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 0.55 and a beta of 1.12. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.29 and a current ratio of 1.56. Victory Capital Holdings, Inc. has a fifty-two week low of $57.03 and a fifty-two week high of $123.55. The firm’s 50-day simple moving average is $110.79 and its two-hundred day simple moving average is $90.33.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, November 4th. The company reported $1.98 earnings per share 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 business had revenue of $396.57 million for the quarter, compared to the consensus estimate of $411.23 million. Analysts anticipate that Victory Capital Holdings, Inc. will post 7.78 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently commented on VCTR shares. Weiss Ratings upgraded Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Barclays upped their price target on Victory Capital from $121.00 to $126.00 and gave the company an “equal weight” rating in a research report on Friday. UBS Group set a $117.00 target price on shares of Victory Capital in a research report on Friday, August 28th. Royal Bank Of Canada upped their price target on Victory Capital from $107.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, The Goldman Sachs Group increased their price objective on Victory Capital from $100.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Victory Capital presently has an average rating of “Hold” and an average price target of $119.50.

Victory Capital Company 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.