Geode Capital Management LLC Acquires 19,188 Shares of Victory Capital Holdings Inc (VCTR)

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Geode Capital Management LLC boosted its holdings in Victory Capital Holdings Inc (NASDAQ:VCTR) by 26.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 92,581 shares of the company’s stock after acquiring an additional 19,188 shares during the quarter. Geode Capital Management LLC’s holdings in Victory Capital were worth $946,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in VCTR. First Trust Advisors LP lifted its position in Victory Capital by 32.3% in the 4th quarter. First Trust Advisors LP now owns 25,929 shares of the company’s stock valued at $265,000 after acquiring an additional 6,328 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Victory Capital in the 3rd quarter valued at about $334,000. New York State Common Retirement Fund lifted its position in Victory Capital by 54.8% in the 4th quarter. New York State Common Retirement Fund now owns 37,564 shares of the company’s stock valued at $384,000 after acquiring an additional 13,295 shares in the last quarter. ClariVest Asset Management LLC bought a new position in Victory Capital in the 4th quarter valued at about $399,000. Finally, BlackRock Inc. lifted its position in Victory Capital by 74.2% in the 4th quarter. BlackRock Inc. now owns 40,319 shares of the company’s stock valued at $412,000 after acquiring an additional 17,177 shares in the last quarter. 13.90% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital stock opened at $15.92 on Thursday. Victory Capital Holdings Inc has a 52 week low of $7.27 and a 52 week high of $17.00. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 10.90 and a beta of 2.03.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, February 6th. The company reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. Victory Capital had a net margin of 15.41% and a return on equity of 24.19%. The firm had revenue of $95.97 million for the quarter, compared to analysts’ expectations of $98.27 million. As a group, sell-side analysts expect that Victory Capital Holdings Inc will post 2.23 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on VCTR shares. Bank of America set a $18.00 price target on shares of Victory Capital and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Zacks Investment Research cut shares of Victory Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 30th. Sandler O’Neill reaffirmed a “buy” rating on shares of Victory Capital in a research report on Friday, March 15th. ValuEngine raised shares of Victory Capital from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, B. Riley initiated coverage on shares of Victory Capital in a research report on Wednesday, March 27th. They set a “buy” rating and a $20.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $14.94.

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About Victory Capital

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

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