Magnetar Financial LLC Purchases 51,109 Shares of Victory Capital Holdings, Inc. $VCTR

Magnetar Financial LLC raised its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 502.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,280 shares of the company’s stock after purchasing an additional 51,109 shares during the period. Magnetar Financial LLC owned 0.09% of Victory Capital worth $3,968,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of VCTR. Amundi acquired a new stake in Victory Capital during the 2nd quarter worth $213,219,000. Vanguard Group Inc. boosted its position in shares of Victory Capital by 12.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock worth $307,073,000 after purchasing an additional 515,845 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Victory Capital by 26.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,359,120 shares of the company’s stock worth $86,545,000 after purchasing an additional 285,137 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Victory Capital by 8,812.2% during the third quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock worth $18,175,000 after purchasing an additional 277,497 shares during the period. Finally, Barclays PLC increased its holdings in Victory Capital by 227.1% in the third quarter. Barclays PLC now owns 315,141 shares of the company’s stock valued at $20,409,000 after purchasing an additional 218,808 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Stock Up 1.6%

Victory Capital stock opened at $67.69 on Thursday. The company has a 50 day moving average of $70.29 and a 200-day moving average of $67.01. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.40. Victory Capital Holdings, Inc. has a twelve month low of $47.00 and a twelve month high of $77.78. The stock has a market capitalization of $4.40 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. The company had revenue of $374.12 million for the quarter, compared to analyst estimates of $371.09 million. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The company’s quarterly revenue was up 61.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 earnings per share. On average, equities research 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 Wednesday, March 25th. Stockholders of record on Tuesday, March 10th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, March 10th. Victory Capital’s payout ratio is currently 48.16%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VCTR shares. Royal Bank Of Canada boosted their target price on Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, January 21st. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Barclays set a $69.00 price target on shares of Victory Capital in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. raised their price objective on Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $75.38.

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.