Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Purchased by Horizon Investment Services LLC

Horizon Investment Services LLC boosted its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 131.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,085 shares of the company’s stock after buying an additional 8,555 shares during the quarter. Horizon Investment Services LLC’s holdings in Victory Capital were worth $720,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in VCTR. Capital World Investors boosted its stake in shares of Victory Capital by 85.8% during the 1st quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock valued at $94,278,000 after buying an additional 1,025,954 shares during the period. Vanguard Group Inc. increased its holdings in shares of Victory Capital by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company’s stock worth $110,627,000 after purchasing an additional 104,746 shares during the period. Swedbank AB increased its holdings in shares of Victory Capital by 7.1% during the 2nd quarter. Swedbank AB now owns 750,000 shares of the company’s stock worth $35,798,000 after purchasing an additional 50,000 shares during the period. Granahan Investment Management LLC boosted its position in shares of Victory Capital by 22.0% during the 4th quarter. Granahan Investment Management LLC now owns 1,213,589 shares of the company’s stock valued at $41,796,000 after acquiring an additional 219,025 shares in the last quarter. Finally, Bard Financial Services Inc. boosted its position in shares of Victory Capital by 82.8% during the 4th quarter. Bard Financial Services Inc. now owns 40,885 shares of the company’s stock valued at $1,408,000 after acquiring an additional 18,525 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Trading Down 1.5 %

Shares of Victory Capital stock opened at $51.91 on Friday. Victory Capital Holdings, Inc. has a 12-month low of $28.66 and a 12-month high of $55.16. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 0.60 and a beta of 0.91. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average price is $50.84 and its 200-day moving average price is $47.71.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.26 by $0.04. The firm had revenue of $219.62 million for the quarter, compared to the consensus estimate of $220.82 million. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. On average, equities analysts expect that Victory Capital Holdings, Inc. will post 5.19 earnings per share for the current fiscal 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 issued a $0.41 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.64 annualized dividend and a yield of 3.16%. This is a boost from Victory Capital’s previous quarterly dividend of $0.37. Victory Capital’s payout ratio is 50.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Victory Capital from $53.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Morgan Stanley increased their target price on shares of Victory Capital from $39.00 to $40.00 and gave the stock an “underweight” rating in a report on Tuesday, August 13th. Royal Bank of Canada cut 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. Finally, Bank of America increased their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $53.67.

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.