ExodusPoint Capital Management LP Makes New $369,000 Investment in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

ExodusPoint Capital Management LP bought a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,636 shares of the company's stock, valued at approximately $369,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. World Investment Advisors LLC acquired a new stake in shares of Victory Capital in the third quarter valued at about $918,000. Geode Capital Management LLC raised its stake in shares of Victory Capital by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company's stock worth $57,446,000 after purchasing an additional 101,247 shares in the last quarter. McIlrath & Eck LLC acquired a new position in Victory Capital during the third quarter worth $565,000. JPMorgan Chase & Co. grew its holdings in 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 purchasing an additional 11,785 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Victory Capital by 10.9% in the fourth quarter. Principal Financial Group Inc. now owns 52,830 shares of the company's stock valued at $3,458,000 after buying an additional 5,204 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Morgan Stanley boosted their price objective on Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. B. Riley reissued a "neutral" rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Bank of America reduced their target price on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Finally, Barclays cut their price objective on shares of Victory Capital from $75.00 to $59.00 and set an "equal weight" rating for the company in a report on Wednesday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $69.67.

Victory Capital Trading Up 0.7 %

NASDAQ VCTR traded up $0.40 on Friday, hitting $56.28. The company's stock had a trading volume of 218,570 shares, compared to its average volume of 376,179. Victory Capital Holdings, Inc. has a 1-year low of $43.82 and a 1-year 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 has a market cap of $3.58 billion, a PE ratio of 12.88, a PEG ratio of 0.55 and a beta of 0.86. The company's 50-day moving average is $60.06 and its 200 day moving average is $62.67.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. As a group, analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.34%. This is a boost from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. Victory Capital's dividend payout ratio (DPR) is presently 43.02%.

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.