Geode Capital Management LLC Increases Stock Position in Victory Capital Holdings, Inc. $VCTR

Geode Capital Management LLC raised its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 26.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,359,120 shares of the company’s stock after acquiring an additional 285,137 shares during the period. Geode Capital Management LLC’s holdings in Victory Capital were worth $86,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in VCTR. ProShare Advisors LLC increased its position in shares of Victory Capital by 2.0% during the second quarter. ProShare Advisors LLC now owns 9,081 shares of the company’s stock worth $578,000 after purchasing an additional 175 shares in the last quarter. Vista Finance LLC grew its stake in Victory Capital by 4.1% during the 2nd quarter. Vista Finance LLC now owns 6,541 shares of the company’s stock worth $416,000 after buying an additional 255 shares during the last quarter. EP Wealth Advisors LLC increased its position in Victory Capital by 7.0% during the first quarter. EP Wealth Advisors LLC now owns 4,193 shares of the company’s stock worth $243,000 after buying an additional 273 shares during the period. FourThought Financial Partners LLC increased its position in Victory Capital by 11.5% during the first quarter. FourThought Financial Partners LLC now owns 3,594 shares of the company’s stock worth $208,000 after buying an additional 372 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in Victory Capital by 2,131.6% during the second quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock worth $27,000 after buying an additional 405 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $63.07 on Friday. The stock has a fifty day moving average price of $64.63 and a 200 day moving average price of $65.70. Victory Capital Holdings, Inc. has a 1-year low of $47.00 and a 1-year high of $73.42. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market cap of $4.10 billion, a PE ratio of 16.09, a P/E/G ratio of 0.60 and a beta of 1.10.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.03. The company had revenue of $361.20 million for the quarter, compared to analysts’ expectations of $361.14 million. Victory Capital had a net margin of 25.27% and a return on equity of 24.23%. Victory Capital’s revenue was up 60.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 EPS. Sell-side analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, December 10th. Victory Capital’s payout ratio is 50.00%.

Wall Street Analyst Weigh In

VCTR has been the subject of several research analyst reports. Zacks Research downgraded Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Barclays reduced their price target on shares of 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. Bank of America increased their price target on shares of Victory Capital from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Morgan Stanley raised their price objective on shares of Victory Capital from $67.00 to $69.00 and gave the stock a “positive” rating in a research report on Monday, October 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $76.00 target price on shares of Victory Capital in a report on Tuesday, September 23rd. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.89.

Victory Capital Company 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.