GS Investments Inc. Reduces Position in Victory Capital Holdings, Inc. $VCTR

GS Investments Inc. decreased its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 39.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,600 shares of the company’s stock after selling 10,000 shares during the quarter. GS Investments Inc.’s holdings in Victory Capital were worth $1,021,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in Victory Capital by 19,350.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock valued at $25,000 after acquiring an additional 387 shares during the period. Core Wealth Advisors LLC purchased a new stake in Victory Capital in the fourth quarter worth $30,000. Covestor Ltd increased its stake in Victory Capital by 99.7% in the fourth quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after purchasing an additional 334 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Victory Capital by 48.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock worth $48,000 after purchasing an additional 246 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Victory Capital by 146.4% during the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after purchasing an additional 511 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $95.00 target price on shares of Victory Capital in a research note on Tuesday, May 12th. Barclays lifted their price objective on shares of Victory Capital from $85.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday. Morgan Stanley boosted their price objective on shares of Victory Capital from $76.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, June 26th. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. raised their target price 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. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $87.43.

Victory Capital Price Performance

Shares of VCTR stock opened at $98.52 on Friday. Victory Capital Holdings, Inc. has a twelve month low of $57.03 and a twelve month high of $102.05. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. The stock has a fifty day simple moving average of $87.56 and a two-hundred day simple moving average of $76.34. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.18 and a beta of 1.09.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.63 by $0.19. The firm had revenue of $387.99 million for the quarter, compared to analyst estimates of $364.97 million. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The business’s revenue for the quarter was up 76.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.36 earnings per share. On average, analysts predict that Victory Capital Holdings, Inc. will post 7.38 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were given a dividend of $0.50 per share. This is a positive change from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $2.00 dividend on an annualized basis and a yield of 2.0%. Victory Capital’s payout ratio is 45.05%.

About Victory Capital

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.