Sendero Wealth Management LLC Makes New $1.47 Million Investment in Victory Capital Holdings, Inc. $VCTR

Sendero Wealth Management LLC bought a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 23,214 shares of the company’s stock, valued at approximately $1,465,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased 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 in the last quarter. CWM LLC lifted its holdings in Victory Capital by 29.0% in the 3rd quarter. CWM LLC now owns 973 shares of the company’s stock valued at $63,000 after purchasing an additional 219 shares in the last quarter. AdvisorNet Financial Inc purchased a new position in Victory Capital in the 3rd quarter valued at $65,000. Quantbot Technologies LP boosted its stake in Victory Capital by 206.0% during the 2nd quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock worth $78,000 after purchasing an additional 824 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in Victory Capital during the 3rd quarter worth $81,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VCTR shares. Barclays set a $69.00 target price on shares of Victory Capital in a research report on Friday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada increased their price objective on shares of Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, January 21st. Finally, Wall Street Zen cut Victory Capital from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.38.

Victory Capital Stock Down 1.0%

NASDAQ VCTR opened at $69.55 on Friday. Victory Capital Holdings, Inc. has a 52 week low of $47.00 and a 52 week high of $77.78. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.40. The business’s fifty day simple moving average is $70.60 and its 200-day simple moving average is $66.78. The firm has a market cap of $4.45 billion, a PE ratio of 17.09, a P/E/G ratio of 0.74 and a beta of 1.04.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The firm had revenue of $374.12 million during the quarter, compared to analyst estimates of $371.09 million. During the same quarter in the prior year, the firm posted $1.45 earnings per share. Victory Capital’s quarterly revenue was up 61.0% on a year-over-year basis. As a group, equities analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.49 per share. The ex-dividend date was Tuesday, March 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. Victory Capital’s dividend payout ratio (DPR) is currently 48.16%.

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.