Royal Bank of Canada Raises Stock Holdings in Victory Capital Holdings, Inc. $VCTR

Royal Bank of Canada raised its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 26.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 182,050 shares of the company’s stock after buying an additional 38,511 shares during the quarter. Royal Bank of Canada’s holdings in Victory Capital were worth $11,920,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its stake in shares of Victory Capital by 19,350.0% in 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 position in shares of Victory Capital during the 4th quarter worth approximately $30,000. Covestor Ltd boosted its position in shares of Victory Capital by 99.7% during the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after purchasing an additional 334 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in Victory Capital in the 1st quarter valued at approximately $46,000. Finally, PNC Financial Services Group Inc. increased its holdings in Victory Capital by 48.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after purchasing an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

VCTR has been the topic of a number of research reports. The Goldman Sachs Group restated a “neutral” rating and set a $100.00 price target on shares of Victory Capital in a research note on Friday. Morgan Stanley set a $91.00 price objective on Victory Capital in a report on Wednesday, July 29th. Zacks Research raised Victory Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Barclays lifted their target price on Victory Capital from $95.00 to $112.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.29.

Victory Capital Stock Performance

NASDAQ:VCTR opened at $108.16 on Friday. Victory Capital Holdings, Inc. has a 52 week low of $57.03 and a 52 week high of $109.93. The company has a fifty day simple moving average of $91.83 and a two-hundred day simple moving average of $79.92. The company has a quick ratio of 1.13, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.42. The business had revenue of $435.36 million for the quarter, compared to analysts’ expectations of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. As a group, equities analysts anticipate that Victory Capital Holdings, Inc. will post 7.38 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, September 10th. Victory Capital’s dividend payout ratio (DPR) is presently 36.76%.

Victory Capital Profile

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.