Livforsakringsbolaget Skandia Omsesidigt Invests $4.71 Million in Victory Capital Holdings, Inc. $VCTR

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 56,100 shares of the company’s stock, valued at approximately $4,710,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VCTR. Vanguard Group Inc. increased its position in Victory Capital by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock worth $303,769,000 after buying an additional 73,142 shares during the period. Capital World Investors boosted its holdings in shares of Victory Capital by 4.3% during the fourth quarter. Capital World Investors now owns 3,768,001 shares of the company’s stock valued at $237,723,000 after acquiring an additional 155,732 shares during the period. Amundi acquired a new position in shares of Victory Capital during the fourth quarter valued at $192,735,000. State Street Corp grew its position in shares of Victory Capital by 0.5% during the fourth quarter. State Street Corp now owns 1,857,636 shares of the company’s stock worth $117,198,000 after acquiring an additional 8,322 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Victory Capital by 14.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock worth $114,163,000 after acquiring an additional 221,471 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VCTR. Weiss Ratings cut shares of Victory Capital from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. The Goldman Sachs Group boosted their target price on shares of Victory Capital from $100.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group set a $117.00 target price on shares of Victory Capital in a research report on Friday. Barclays raised their price target on shares of Victory Capital from $95.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Finally, Morgan Stanley set a $91.00 price target on Victory Capital in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned 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 $105.71.

Victory Capital Trading Down 2.3%

NASDAQ:VCTR opened at $118.31 on Friday. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.01 and a beta of 1.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Victory Capital Holdings, Inc. has a 1 year low of $57.03 and a 1 year high of $123.55. The business has a fifty day moving average of $100.81 and a 200-day moving average of $84.88.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 29.57% and a return on equity of 24.17%. Equities analysts predict that Victory Capital Holdings, Inc. will post 7.63 earnings per share for the current year.

Victory Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 annualized dividend and a yield of 1.7%. Victory Capital’s dividend payout ratio (DPR) is presently 36.76%.

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.