Goldman Sachs Group Inc. Has $20.31 Million Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Goldman Sachs Group Inc. increased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTRFree Report) by 426.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 589,710 shares of the company’s stock after buying an additional 477,798 shares during the period. Goldman Sachs Group Inc.’s holdings in Victory Capital were worth $20,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Granahan Investment Management LLC raised its position in 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 purchasing an additional 219,025 shares in the last quarter. Argent Capital Management LLC raised its position in Victory Capital by 1.9% during the fourth quarter. Argent Capital Management LLC now owns 91,566 shares of the company’s stock valued at $3,154,000 after purchasing an additional 1,682 shares in the last quarter. Basswood Capital Management L.L.C. raised its position in Victory Capital by 47.4% during the fourth quarter. Basswood Capital Management L.L.C. now owns 369,818 shares of the company’s stock valued at $12,737,000 after purchasing an additional 118,950 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Victory Capital during the fourth quarter worth $1,758,000. Finally, Allianz Asset Management GmbH grew its stake in shares of Victory Capital by 17.2% during the fourth quarter. Allianz Asset Management GmbH now owns 916,082 shares of the company’s stock worth $31,550,000 after buying an additional 134,381 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Stock Performance

Shares of Victory Capital stock opened at $48.60 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.92. Victory Capital Holdings, Inc. has a twelve month low of $28.66 and a twelve month high of $54.94. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 0.52 and a beta of 0.93. The company’s fifty day moving average is $50.56 and its 200 day moving average is $41.96.

Victory Capital (NASDAQ:VCTRGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. Victory Capital had a net margin of 26.28% and a return on equity of 29.23%. The company had revenue of $215.86 million for the quarter, compared to analysts’ expectations of $219.14 million. Sell-side analysts forecast that Victory Capital Holdings, Inc. will post 5.21 EPS for the current year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th were given a dividend of $0.37 per share. The ex-dividend date was Monday, June 10th. This represents a $1.48 dividend on an annualized basis and a yield of 3.05%. This is a boost from Victory Capital’s previous quarterly dividend of $0.34. Victory Capital’s dividend payout ratio is 45.40%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $57.00 target price (up previously from $55.00) on shares of Victory Capital in a research note on Monday, May 13th. UBS Group boosted their target price on shares of Victory Capital from $37.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Morgan Stanley boosted their target price on shares of Victory Capital from $32.00 to $39.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 15th. JPMorgan Chase & Co. boosted their target price on shares of Victory Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Finally, Royal Bank of Canada boosted their target price on shares of Victory Capital from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $49.57.

Read Our Latest Stock Report on VCTR

About Victory Capital

(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.

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Institutional Ownership by Quarter for Victory Capital (NASDAQ:VCTR)

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