Vanguard Group Inc decreased its holdings in Victory Capital Holdings Inc (NASDAQ:VCTR) by 0.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 494,154 shares of the company’s stock after selling 2,225 shares during the quarter. Vanguard Group Inc owned 0.73% of Victory Capital worth $4,715,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of VCTR. Renaissance Technologies LLC acquired a new stake in Victory Capital in the 3rd quarter worth about $474,000. Marshall Wace LLP bought a new position in Victory Capital in the 3rd quarter valued at about $453,000. Dimensional Fund Advisors LP bought a new position in Victory Capital in the 3rd quarter valued at about $334,000. Bailard Inc. bought a new position in Victory Capital in the 3rd quarter valued at about $278,000. Finally, Laurion Capital Management LP bought a new position in Victory Capital in the 3rd quarter valued at about $239,000. Institutional investors and hedge funds own 15.84% of the company’s stock.
VCTR has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Victory Capital from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a report on Wednesday, October 17th. William Blair reissued an “outperform” rating on shares of Victory Capital in a report on Monday, November 12th. Morgan Stanley set a $15.00 target price on shares of Victory Capital and gave the company a “buy” rating in a report on Friday, February 8th. Finally, ValuEngine raised shares of Victory Capital from a “sell” rating to a “hold” rating in a report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $13.28.
Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, February 6th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $95.97 million for the quarter, compared to analyst estimates of $98.27 million. Victory Capital had a net margin of 15.41% and a return on equity of 24.70%. As a group, research analysts anticipate that Victory Capital Holdings Inc will post 2.26 earnings per share for the current year.
In related news, Director James B. Hawkes purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 20th. The shares were bought at an average cost of $8.80 per share, with a total value of $44,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James B. Hawkes purchased 5,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The shares were bought at an average cost of $12.00 per share, for a total transaction of $63,600.00. The disclosure for this purchase can be found here.
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Victory Capital Profile
Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.
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