Scientech Research LLC Acquires Shares of 12,186 Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Scientech Research LLC acquired a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 12,186 shares of the company’s stock, valued at approximately $582,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors lifted its position in Victory Capital by 85.8% in the first quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock valued at $94,278,000 after purchasing an additional 1,025,954 shares during the last quarter. Vanguard Group Inc. lifted its position in Victory Capital by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company’s stock valued at $110,627,000 after purchasing an additional 104,746 shares during the last quarter. Swedbank AB increased its stake in shares of Victory Capital by 7.1% during the second quarter. Swedbank AB now owns 750,000 shares of the company’s stock valued at $35,798,000 after buying an additional 50,000 shares during the period. Granahan Investment Management LLC increased its stake in shares of Victory Capital by 22.0% during the fourth 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, Sei Investments Co. increased its stake in shares of Victory Capital by 106.7% during the first quarter. Sei Investments Co. now owns 113,254 shares of the company’s stock valued at $4,805,000 after buying an additional 58,458 shares during the period. Institutional investors own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays assumed coverage on Victory Capital in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $58.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. UBS Group reduced their target price 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. Bank of America boosted their target price on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada reduced their target price on Victory Capital from $56.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Victory Capital currently has a consensus rating of “Hold” and a consensus price target of $53.67.

Victory Capital Price Performance

Shares of VCTR stock opened at $55.50 on Friday. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 0.60 and a beta of 0.91. The business’s fifty day moving average is $52.13 and its 200 day moving average is $49.47. Victory Capital Holdings, Inc. has a twelve month low of $28.66 and a twelve month high of $56.58. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.87.

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

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th were paid a $0.41 dividend. This is a boost from Victory Capital’s previous quarterly dividend of $0.37. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Tuesday, September 10th. Victory Capital’s dividend payout ratio is currently 50.31%.

Victory Capital 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.