Creative Planning Makes New $476,000 Investment in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Creative Planning bought a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 8,600 shares of the company's stock, valued at approximately $476,000.

A number of other large investors have also made changes to their positions in VCTR. Capital World Investors raised its position in shares of Victory Capital by 85.8% during the first quarter. Capital World Investors now owns 2,221,954 shares of the company's stock valued at $94,278,000 after buying an additional 1,025,954 shares during the last quarter. Swedbank AB bought a new stake in Victory Capital in the first quarter valued at about $29,701,000. Vanguard Group Inc. increased its stake in Victory Capital by 16.4% in the first quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company's stock valued at $158,661,000 after acquiring an additional 527,190 shares during the period. Bahl & Gaynor Inc. increased its stake in Victory Capital by 35.0% in the first quarter. Bahl & Gaynor Inc. now owns 1,110,948 shares of the company's stock valued at $47,138,000 after acquiring an additional 288,280 shares during the period. Finally, F M Investments LLC bought a new stake in Victory Capital in the second quarter valued at about $11,149,000. Institutional investors and hedge funds own 87.71% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on VCTR shares. BMO Capital Markets upped their target price on shares of Victory Capital from $61.00 to $69.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group upped their target price on shares of Victory Capital from $59.50 to $60.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Bank of America upped their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the stock a "buy" rating in a research note on Monday, August 12th. Morgan Stanley raised shares of Victory Capital from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $40.00 to $60.00 in a research note on Friday, October 18th. Finally, Barclays assumed coverage on shares of Victory Capital in a research note on Tuesday, August 27th. They set an "equal weight" rating and a $58.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.67.

Victory Capital Price Performance

Shares of VCTR traded down $1.26 during mid-day trading on Thursday, hitting $63.51. 343,983 shares of the company traded hands, compared to its average volume of 375,712. The business has a 50-day moving average of $56.58 and a 200 day moving average of $52.69. Victory Capital Holdings, Inc. has a one year low of $30.05 and a one year high of $67.28. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 0.63 and a beta of 0.90. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.04. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. The business had revenue of $219.62 million for the quarter, compared to analyst estimates of $220.82 million. As a group, equities analysts expect that Victory Capital Holdings, Inc. will post 5.18 earnings per share for the current fiscal year.

About Victory Capital

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.