Janus Henderson Group PLC Purchases 38,977 Shares of Victory Capital Holdings, Inc. $VCTR

Janus Henderson Group PLC increased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 203.5% during the 1st quarter, HoldingsChannel reports. The firm owned 58,127 shares of the company’s stock after buying an additional 38,977 shares during the period. Janus Henderson Group PLC’s holdings in Victory Capital were worth $3,805,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VCTR. Impax Asset Management Group plc raised its position in shares of Victory Capital by 8.3% during the 4th quarter. Impax Asset Management Group plc now owns 650,000 shares of the company’s stock valued at $41,008,000 after buying an additional 50,000 shares in the last quarter. Vanguard Group Inc. raised its position in Victory Capital by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock valued at $303,769,000 after purchasing an additional 73,142 shares during the period. Annex Advisory Services LLC raised its position in Victory Capital by 5.6% during the fourth quarter. Annex Advisory Services LLC now owns 574,699 shares of the company’s stock valued at $36,258,000 after purchasing an additional 30,621 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Victory Capital in the 1st quarter valued at approximately $1,382,000. Finally, First Trust Advisors LP boosted its holdings in shares of Victory Capital by 34.8% in the 1st quarter. First Trust Advisors LP now owns 103,792 shares of the company’s stock worth $6,796,000 after purchasing an additional 26,801 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Performance

Victory Capital stock opened at $108.16 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.29. The company has a market capitalization of $6.76 billion, a PE ratio of 19.88, a P/E/G ratio of 1.25 and a beta of 1.08. The company has a 50 day moving average price of $91.83 and a 200-day moving average price of $79.92. Victory Capital Holdings, Inc. has a fifty-two week low of $57.03 and a fifty-two week high of $109.93.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.42. The company had revenue of $435.36 million for the quarter, compared to analysts’ expectations of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. As a group, equities analysts forecast that Victory Capital Holdings, Inc. will post 7.38 earnings per share for the current year.

Victory Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. Victory Capital’s dividend payout ratio (DPR) is currently 45.05%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research raised shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $100.00 price objective on shares of Victory Capital in a research report on Friday. JPMorgan Chase & Co. upped their target price on Victory Capital from $87.00 to $101.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Barclays raised their price target on Victory Capital from $95.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.29.

About Victory Capital

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.