Victory Capital Holdings, Inc. (NASDAQ:VCTR) Holdings Raised by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,441 shares of the company’s stock after purchasing an additional 9,661 shares during the quarter. New York State Common Retirement Fund owned about 0.15% of Victory Capital worth $3,459,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Federated Hermes Inc. lifted its holdings in shares of Victory Capital by 1.3% in the fourth quarter. Federated Hermes Inc. now owns 28,896 shares of the company’s stock valued at $995,000 after buying an additional 383 shares during the period. Olympiad Research LP lifted its holdings in Victory Capital by 6.0% in the 3rd quarter. Olympiad Research LP now owns 6,910 shares of the company’s stock valued at $230,000 after acquiring an additional 394 shares during the last quarter. Amalgamated Bank boosted its position in shares of Victory Capital by 13.5% during the 3rd quarter. Amalgamated Bank now owns 4,063 shares of the company’s stock valued at $135,000 after purchasing an additional 482 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Victory Capital by 93.5% in the 4th quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock worth $41,000 after purchasing an additional 602 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Victory Capital by 9.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,733 shares of the company’s stock worth $324,000 after purchasing an additional 844 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

Shares of VCTR stock opened at $52.19 on Monday. The company has a market capitalization of $3.36 billion, a P/E ratio of 16.67, a P/E/G ratio of 0.47 and a beta of 0.92. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.94. Victory Capital Holdings, Inc. has a 12 month low of $27.73 and a 12 month high of $52.76. The stock has a 50 day moving average of $43.32 and a two-hundred day moving average of $36.84.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The company had revenue of $205.80 million for the quarter, compared to the consensus estimate of $204.20 million. During the same period in the previous year, the business earned $1.03 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, equities analysts expect that Victory Capital Holdings, Inc. will post 5.14 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a $0.335 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from Victory Capital’s previous quarterly dividend of $0.32. This represents a $1.34 dividend on an annualized basis and a yield of 2.57%. Victory Capital’s dividend payout ratio (DPR) is presently 42.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. UBS Group increased their price objective on Victory Capital from $37.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. BMO Capital Markets lifted their target price on shares of Victory Capital from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Morgan Stanley raised their price objective on shares of Victory Capital from $30.00 to $32.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 17th. Royal Bank of Canada boosted their target price on shares of Victory Capital from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. Finally, B. Riley raised their target price on Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.67.

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.