Brevan Howard Capital Management LP Invests $803,000 in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Brevan Howard Capital Management LP bought a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,272 shares of the company's stock, valued at approximately $803,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VCTR. Barclays PLC raised its stake in Victory Capital by 110.6% during the 3rd quarter. Barclays PLC now owns 99,367 shares of the company's stock worth $5,506,000 after acquiring an additional 52,191 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Victory Capital by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company's stock worth $20,660,000 after buying an additional 11,785 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of Victory Capital by 9.5% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 26,193 shares of the company's stock valued at $1,715,000 after purchasing an additional 2,278 shares during the last quarter. Argent Capital Management LLC increased its stake in Victory Capital by 10.2% in the 4th quarter. Argent Capital Management LLC now owns 119,827 shares of the company's stock valued at $7,844,000 after buying an additional 11,118 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its position in Victory Capital by 3.0% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 24,339 shares of the company's stock worth $1,593,000 after buying an additional 712 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. UBS Group cut their price target on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Barclays cut their target price on Victory Capital from $75.00 to $59.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Bank of America decreased their price target on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. BMO Capital Markets increased their price objective on Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Victory Capital currently has a consensus rating of "Hold" and a consensus target price of $69.33.

Victory Capital Stock Performance

VCTR traded down $0.93 during trading hours on Friday, hitting $59.14. 348,125 shares of the stock were exchanged, compared to its average volume of 355,546. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital Holdings, Inc. has a 12 month low of $43.82 and a 12 month high of $73.42. The stock has a 50-day simple moving average of $57.57 and a 200-day simple moving average of $62.69. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.02). Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The company had revenue of $219.60 million for the quarter, compared to the consensus estimate of $226.38 million. During the same quarter in the previous year, the company earned $1.25 earnings per share. Victory Capital's quarterly revenue was up 1.7% compared to the same quarter last year. Analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Tuesday, June 10th. This is a positive change from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's dividend payout ratio is currently 43.02%.

Victory Capital Company 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.