GF Fund Management CO. LTD. Buys Shares of 8,881 Victory Capital Holdings, Inc. (NASDAQ:VCTR)

GF Fund Management CO. LTD. acquired a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,881 shares of the company's stock, valued at approximately $514,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Victory Capital during the 1st quarter worth about $657,000. Charles Schwab Investment Management Inc. raised its holdings in Victory Capital by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 492,045 shares of the company's stock worth $32,209,000 after purchasing an additional 37,715 shares during the last quarter. Millennium Management LLC raised its holdings in Victory Capital by 107.1% during the 4th quarter. Millennium Management LLC now owns 14,973 shares of the company's stock worth $980,000 after purchasing an additional 7,744 shares during the last quarter. GAMMA Investing LLC increased its holdings in Victory Capital by 9,300.0% in the first quarter. GAMMA Investing LLC now owns 17,014 shares of the company's stock valued at $985,000 after purchasing an additional 16,833 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Victory Capital by 650.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,948 shares of the company's stock valued at $586,000 after purchasing an additional 7,756 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Royal Bank Of Canada upped their price objective on Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. B. Riley upped their price objective on Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. dropped their price objective on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Barclays upped their price objective on Victory Capital from $59.00 to $62.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Finally, UBS Group dropped their price objective on Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $71.56.

Victory Capital Trading Up 0.7%

Shares of Victory Capital stock traded up $0.47 during trading hours on Tuesday, hitting $64.51. The company's stock had a trading volume of 251,295 shares, compared to its average volume of 339,127. 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 moving average of $62.38 and a 200 day moving average of $62.05. The company has a market capitalization of $4.34 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 0.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.09.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.02). Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. The business had revenue of $219.60 million during the quarter, compared to the consensus estimate of $226.38 million. During the same quarter last year, the company earned $1.25 earnings per share. The firm's revenue was up 1.7% compared to the same quarter last year. Analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th were paid a $0.49 dividend. This is a boost from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.96 annualized dividend and a yield of 3.04%. Victory Capital's payout ratio is presently 43.65%.

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.