First Trust Advisors LP Acquires New Position in Victory Capital Holdings Inc (VCTR)
First Trust Advisors LP acquired a new position in shares of Victory Capital Holdings Inc (NASDAQ:VCTR) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 19,601 shares of the company’s stock, valued at approximately $187,000.
Other institutional investors also recently added to or reduced their stakes in the company. LaSalle Street Capital Management LLC acquired a new position in shares of Victory Capital during the 2nd quarter worth about $363,000. Wesbanco Bank Inc. acquired a new position in shares of Victory Capital during the 2nd quarter worth about $580,000. Impax Asset Management LLC boosted its position in shares of Victory Capital by 44.1% during the 2nd quarter. Impax Asset Management LLC now owns 1,415,710 shares of the company’s stock worth $14,978,000 after acquiring an additional 433,362 shares in the last quarter. Millennium Management LLC boosted its position in shares of Victory Capital by 23.3% during the 2nd quarter. Millennium Management LLC now owns 547,382 shares of the company’s stock worth $5,791,000 after acquiring an additional 103,374 shares in the last quarter. Finally, Putnam Investments LLC boosted its position in shares of Victory Capital by 39.5% during the 2nd quarter. Putnam Investments LLC now owns 145,175 shares of the company’s stock worth $1,536,000 after acquiring an additional 41,100 shares in the last quarter. Hedge funds and other institutional investors own 15.77% of the company’s stock.
In other news, Director James B. Hawkes bought 5,300 shares of Victory Capital stock in a transaction dated Wednesday, November 21st. The stock was acquired at an average cost of $12.00 per share, with a total value of $63,600.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, November 7th. The company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.03. Victory Capital had a return on equity of 27.34% and a net margin of 14.42%. The business had revenue of $108.08 million during the quarter, compared to the consensus estimate of $108.36 million. On average, equities research analysts expect that Victory Capital Holdings Inc will post 1.52 EPS for the current year.
Several research analysts have recently issued reports on VCTR shares. Keefe, Bruyette & Woods raised Victory Capital from a “market perform” rating to an “outperform” rating and set a $12.50 price objective for the company in a research report on Tuesday, September 25th. Morgan Stanley upped their price objective on Victory Capital from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, October 9th. Zacks Investment Research raised Victory Capital from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research report on Wednesday, October 17th. Finally, William Blair reaffirmed an “outperform” rating on shares of Victory Capital in a research report on Monday, November 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $13.72.
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Victory Capital Profile
Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.
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