Livforsakringsbolaget Skandia Omsesidigt Invests $2.78 Million in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 42,500 shares of the company’s stock, valued at approximately $2,782,000.

Several other institutional investors have also modified their holdings of the stock. Longboard Asset Management LP acquired a new position in shares of Victory Capital in the 4th quarter valued at $230,000. Ibex Wealth Advisors increased its holdings in shares of Victory Capital by 50.4% in the 4th quarter. Ibex Wealth Advisors now owns 15,874 shares of the company’s stock valued at $1,039,000 after acquiring an additional 5,319 shares during the period. Blue Trust Inc. increased its holdings in shares of Victory Capital by 18.0% in the 4th quarter. Blue Trust Inc. now owns 3,664 shares of the company’s stock valued at $240,000 after acquiring an additional 559 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Victory Capital by 11.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,730 shares of the company’s stock valued at $310,000 after acquiring an additional 495 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Victory Capital in the 4th quarter valued at $367,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

Victory Capital stock opened at $65.64 on Friday. Victory Capital Holdings, Inc. has a 52 week low of $34.06 and a 52 week high of $73.42. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm’s 50-day simple moving average is $65.43 and its 200 day simple moving average is $59.77. The firm has a market capitalization of $4.27 billion, a PE ratio of 16.33, a P/E/G ratio of 0.56 and a beta of 0.89.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 30.82% and a return on equity of 29.92%. On average, equities research analysts predict that Victory Capital Holdings, Inc. will post 5.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. B. Riley reaffirmed a “neutral” rating and issued a $60.00 target price (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Royal Bank of Canada boosted their price objective on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group boosted their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets boosted their price objective on shares of Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, UBS Group boosted their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Victory Capital presently has a consensus rating of “Hold” and a consensus price target of $65.11.

Victory Capital Profile

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.