It is no secret that the investing world is constantly evolving with new trends and strategies emerging every so often. Yet, amidst all this dynamism, investors such as GSA Capital Partners LLP seem to have found a new darling in the form of Victory Capital Holdings, Inc.
According to their latest 13F filing with the Securities and Exchange Commission (SEC), GSA Capital Partners LLP acquired a sizable amount of Victory Capital’s shares during Q4 of 2022. This bold move sees the investment management firm add 33,004 shares of VCTR (valued at approximately $885,000) to its already impressive portfolio. A curious move indeed, but one that could indicate an optimistic forecast for Victory Capital Holdings’ future prospects.
And why wouldn’t it be? The quarterly earnings data released by Victory Capital on May 5th showed promising results with an EPS of $1.06 for Q1-22 – beating analyst expectations by a hair-thin margin of $0.01. Moreover, with a return on equity pegged at an impressive 29.25% and net margins standing proud at 30.69%, it appears that Victory Capital has more than held its ground against the competition in the crowded investment management space.
Victory Capital owes its success in part to its commitment to providing quality investment products and services to institutional and intermediary clients alike – as evidenced by its centralized distribution model, use of broker-dealers and retirement platforms, and registered investment advisor networks.
But what does all this mean for the seasoned or novice investor looking to jump onto the Victory Capital bandwagon? Firstly, it means acknowledging both industry-trending data and unique business practices when making any long-term investments within this company or others like it.
Additionally, confidence in Victory’s strategy seems well placed given analysts’ forecasted posts average earnings per share growth over the current fiscal year coming in at an impressive 4.49. For the investor seeking consistency, Victory Capital could be an essential component of a diversified portfolio given its current track record.
It remains only to see which other players in the industry will follow suit with a similar acquisition of Victory Capital’s impressive portfolio. However, with improved earnings reports and solid use of intermediary clients and investment product distribution, VCTR might not need to wait too long for another investor’s nod of approval.
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Institutional Investors Show Interest in Victory Capital Holdings, Inc. as Stock Holdings Increase
Victory Capital Holdings, Inc. continues to gain attention from institutional and hedge fund investors as recent reports detailed an increase in their holdings of VCTR stocks. Hamilton Lane Advisors LLC reported a new position in Victory Capital shares valued at $1.7 million for the fourth quarter of 2022, while Kendall Capital Management lifted its holdings in shares by 1.1% during the same period to reach a value of $2.2 million.
Similarly, Bahl & Gaynor Inc increased its position during the third quarter of 2022 by 2.4%, equating to a total value of $7.7 million, and Marshall Financial Group LLC purchased a new stake valued at approximately $892,000 in the last quarter. Finally, Strs Ohio increased its holdings by 23% to reach a total of 1,249,104 shares worth $33,513,000.
It is worth noting that institutional investors hold around 86% of Victory Capital stock. The business opened at $31.36 on June 3rd and currently has a fifty-day moving average of $30.18 and two-hundred-day moving average of $29.96 with a market cap exceeding $2B.
Victory Capital Holdings offers investment management products and services to both institutional and intermediary clients through centralized distribution channels, including brokers-dealers and retirement platforms along with registered investment advisor networks.
Recently the company announced its quarterly dividend payout will occur on June 26th and will provide shareholders with an annualized dividend yield of 4.08%. This presents an excellent opportunity for investors looking for steady returns from equity investments.
VCTR has received mixed ratings from analysts in recent reports; however, investors remain optimistic about the financial health of the company given their impressive portfolio metrics and promising performance over time.
Overall it appears that institutional investors are eyeing Victory Capital stocks closely as they continue to regularly modify their positions within this highly competitive industry. Victory Capital maintains a solid portfolio and an extensive client list through its personalized distribution channels, making it a reliable investment for those looking to enter the market or strengthen their portfolios.
