GF Fund Management CO. LTD. Invests $514,000 in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

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

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on VCTR shares. B. Riley increased their target price on Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Royal Bank Of Canada increased their target price on shares of Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. 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 research note on Tuesday, April 29th. Bank of America dropped their price target on 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, Wall Street Zen cut shares of Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Victory Capital currently has an average rating of "Moderate Buy" and a consensus price target of $71.56.

Victory Capital Stock Performance

Shares of NASDAQ:VCTR traded up $0.32 during trading on Friday, hitting $65.06. The company's stock had a trading volume of 152,092 shares, compared to its average volume of 339,809. The company has a 50-day moving average of $62.12 and a 200-day moving average of $62.04. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 0.54 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 Holdings, Inc. has a 12 month low of $43.82 and a 12 month high of $73.42.

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

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th were paid a $0.49 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.96 annualized dividend and a yield of 3.01%. This is a boost from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's dividend payout ratio is 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.