2 weeks Ago By ABMN Staff
Dimensional Fund Advisors LP decreased its position in Victory Capital Holdings, Inc. ( NASDAQ:VCTR – Free Report ) by 12.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 1,403,569 shares of the company’s stock after selling 194,204 shares during the period. Dimensional Fund Advisors LP owned about 2.17% of Victory Capital worth $66,998,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. CWM LLC raised its holdings in shares of Victory Capital by 486.2% in the 2nd quarter.
CWM LLC now owns 680 shares of the company’s stock worth $32,000 after buying an additional 564 shares in the last quarter. nVerses Capital LLC raised its holdings in shares of Victory Capital by 200.0% in the 2nd quarter.
nVerses Capital LLC now owns 2,700 shares of the company’s stock worth $129,000 after buying an additional 1,800 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Victory Capital in the 2nd quarter worth approximately $156,000. Rothschild Investment LLC acquired a new position in shares of Victory Capital in the 2nd quarter worth approximately $202,000.
Finally, ProShare Advisors LLC acquired a new position in shares of Victory Capital in the 1st quarter worth approximately $205,000. 87.71% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets VCTR has been the subject of a number of recent research reports. Barclays assumed coverage on Victory Capital in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $58.
00 target price for the company. JPMorgan Chase & Co. raised their price target on Victory Capital from $45.
00 to $49.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Royal Bank of Canada dropped their price target on Victory Capital from $56.
00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Morgan Stanley raised their price target on Victory Capital from $39.
00 to $40.00 and gave the company an “underweight” rating in a report on Tuesday, August 13th. Finally, UBS Group dropped their price target on Victory Capital from $50.
00 to $49.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock.
Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $53.67. Victory Capital Stock Up 0.
3 % NASDAQ:VCTR opened at $55.50 on Friday. Victory Capital Holdings, Inc.
has a 12-month low of $28.66 and a 12-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. The firm has a market capitalization of $3.59 billion, a P/E ratio of 17.
02, a P/E/G ratio of 0.60 and a beta of 0.91.
The stock’s fifty day simple moving average is $52.13 and its 200-day simple moving average is $49.40.
Victory Capital ( NASDAQ:VCTR – Get Free Report ) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) 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 business had revenue of $219.
62 million for the quarter, compared to analyst estimates of $220.82 million. Equities research analysts expect 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 was paid on Wednesday, September 25th.
Stockholders of record on Tuesday, September 10th were given a $0.41 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.
37. This represents a $1.64 annualized dividend and a dividend yield of 2.
95%. The ex-dividend date was Tuesday, September 10th. Victory Capital’s dividend payout ratio (DPR) is currently 50.
31%. Victory Capital Profile ( Free Report ) 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. Featured Articles Receive News & Ratings for Victory Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victory Capital and related companies with MarketBeat.com's FREE daily email newsletter .
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