Universal Beteiligungs und Servicegesellschaft mbH Acquires 1,617 Shares of Victory Capital Holdings, Inc. $VCTR

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,603 shares of the company’s stock after purchasing an additional 1,617 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.14% of Victory Capital worth $5,832,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Nisa Investment Advisors LLC raised its position in shares of Victory Capital by 2,131.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock valued at $27,000 after buying an additional 405 shares in the last quarter. Maseco LLP bought a new stake in Victory Capital during the second quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd bought a new stake in Victory Capital during the first quarter worth approximately $41,000. Farther Finance Advisors LLC raised its position in Victory Capital by 1,048.1% during the second quarter. Farther Finance Advisors LLC now owns 1,504 shares of the company’s stock valued at $96,000 after purchasing an additional 1,373 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Victory Capital in the 1st quarter valued at approximately $98,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Stock Performance

Shares of VCTR stock opened at $63.07 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.41. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 0.60 and a beta of 1.10. Victory Capital Holdings, Inc. has a 52-week low of $47.00 and a 52-week high of $73.42. The company’s 50 day moving average is $64.63 and its 200 day moving average is $65.70.

Victory Capital (NASDAQ:VCTR) last posted its earnings results 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. Victory Capital had a return on equity of 24.23% and a net margin of 25.27%.The company had revenue of $361.20 million for the quarter, compared to analyst estimates of $361.14 million. During the same quarter in the previous year, the firm earned $1.35 earnings per share. The firm’s quarterly revenue was up 60.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on VCTR. B. Riley increased their price target on Victory Capital from $74.00 to $82.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Morgan Stanley lifted their price target on shares of Victory Capital from $67.00 to $69.00 and gave the stock a “positive” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on shares of Victory Capital from $71.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $76.00 target price on shares of Victory Capital in a research report on Tuesday, September 23rd. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.89.

About Victory Capital

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.