denkapparat Operations GmbH Buys Shares of 9,258 Victory Capital Holdings, Inc. $VCTR

denkapparat Operations GmbH bought a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,258 shares of the company’s stock, valued at approximately $778,000.

Several other institutional investors and hedge funds have also bought and sold shares of VCTR. Gamco Investors INC. ET AL lifted its holdings in shares of Victory Capital by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 13,294 shares of the company’s stock valued at $870,000 after purchasing an additional 134 shares during the last quarter. Baird Financial Group Inc. grew its stake in Victory Capital by 1.6% during the 2nd quarter. Baird Financial Group Inc. now owns 10,332 shares of the company’s stock worth $658,000 after buying an additional 163 shares during the last quarter. American Century Companies Inc. grew its stake in Victory Capital by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock worth $757,000 after buying an additional 217 shares during the last quarter. ProShare Advisors LLC increased its position in Victory Capital by 2.6% during the 4th quarter. ProShare Advisors LLC now owns 8,654 shares of the company’s stock valued at $546,000 after buying an additional 222 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Victory Capital by 48.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after buying an additional 246 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Stock Performance

Shares of VCTR stock opened at $113.46 on Friday. The business has a fifty day moving average of $103.15 and a 200 day moving average of $86.03. Victory Capital Holdings, Inc. has a 1 year low of $57.03 and a 1 year high of $123.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 0.93 and a beta of 1.09.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.42. The business had revenue of $435.36 million for the quarter, compared to the consensus estimate of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. As a group, research analysts expect that Victory Capital Holdings, Inc. will post 7.62 earnings per share for the current year.

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.8%. Victory Capital’s payout ratio is 36.76%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on VCTR shares. JPMorgan Chase & Co. raised their price target on Victory Capital from $87.00 to $101.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. UBS Group set a $117.00 price objective on shares of Victory Capital in a report on Friday, August 28th. Weiss Ratings lowered shares of Victory Capital from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, August 25th. Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Royal Bank Of Canada boosted their target price on shares of Victory Capital from $107.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $105.71.

Victory Capital Company Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.