Rhumbline Advisers Purchases 15,881 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Rhumbline Advisers boosted its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 41.2% in the 2nd quarter, Holdings Channel reports. The firm owned 54,426 shares of the company’s stock after buying an additional 15,881 shares during the quarter. Rhumbline Advisers’ holdings in Victory Capital were worth $2,598,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Victory Capital by 16.4% during the first quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock worth $158,661,000 after purchasing an additional 527,190 shares during the last quarter. Capital World Investors increased its stake in Victory Capital by 85.8% in the 1st quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock worth $94,278,000 after buying an additional 1,025,954 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Victory Capital by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,489,403 shares of the company’s stock valued at $51,297,000 after buying an additional 131,540 shares in the last quarter. Granahan Investment Management LLC boosted its position in Victory Capital by 22.0% in the 4th quarter. Granahan Investment Management LLC now owns 1,213,589 shares of the company’s stock valued at $41,796,000 after buying an additional 219,025 shares during the period. Finally, Bahl & Gaynor Inc. grew its stake in Victory Capital by 35.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,110,948 shares of the company’s stock worth $47,138,000 after acquiring an additional 288,280 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

Shares of VCTR opened at $53.96 on Thursday. Victory Capital Holdings, Inc. has a fifty-two week low of $28.66 and a fifty-two week high of $55.67. The company has a market capitalization of $3.50 billion, a P/E ratio of 16.55, a P/E/G ratio of 0.58 and a beta of 0.91. The business’s 50-day moving average is $51.66 and its two-hundred day moving average is $48.70. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.04. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. The business had revenue of $219.62 million during the quarter, compared to analysts’ expectations of $220.82 million. Research analysts predict that Victory Capital Holdings, Inc. will post 5.19 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be paid a $0.41 dividend. The ex-dividend date is Tuesday, September 10th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.37. This represents a $1.64 dividend on an annualized basis and a yield of 3.04%. Victory Capital’s dividend payout ratio (DPR) is currently 50.31%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Victory Capital from $56.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Morgan Stanley raised their price objective on Victory Capital from $39.00 to $40.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. lifted their price target on Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. UBS Group dropped their price target on Victory Capital from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, Bank of America raised their price objective on Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $53.67.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.