Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 54.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,570 shares of the company's stock after buying an additional 5,807 shares during the period. Allspring Global Investments Holdings LLC's holdings in Victory Capital were worth $997,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bosun Asset Management LLC increased its stake in shares of Victory Capital by 1.4% in the fourth quarter. Bosun Asset Management LLC now owns 13,016 shares of the company's stock worth $852,000 after buying an additional 176 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in Victory Capital by 4.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company's stock worth $366,000 after purchasing an additional 218 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Victory Capital by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company's stock worth $282,000 after purchasing an additional 273 shares during the period. Moody National Bank Trust Division boosted its holdings in Victory Capital by 0.4% in the first quarter. Moody National Bank Trust Division now owns 81,175 shares of the company's stock worth $4,698,000 after purchasing an additional 291 shares during the period. Finally, Vista Finance LLC boosted its holdings in Victory Capital by 7.0% in the first quarter. Vista Finance LLC now owns 6,286 shares of the company's stock worth $364,000 after purchasing an additional 410 shares during the period. Institutional investors own 87.71% of the company's stock.

Wall Street Analysts Forecast Growth

VCTR has been the subject of a number of research reports. Barclays lifted their price objective on shares of Victory Capital from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Royal Bank Of Canada lifted their price objective on shares of Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. decreased their price objective on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Bank of America decreased their price objective on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, UBS Group reduced 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. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $71.56.

Victory Capital Stock Performance

Shares of VCTR traded down $1.54 during midday trading on Friday, hitting $64.70. 231,621 shares of the stock traded hands, compared to its average volume of 337,373. Victory Capital Holdings, Inc. has a 1-year low of $43.82 and a 1-year high of $73.42. The firm has a market capitalization of $4.35 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 0.73 and a beta of 1.03. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.09 and a current ratio of 1.09. The business's 50 day moving average price is $62.80 and its two-hundred day moving average price is $62.03.

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). The firm had revenue of $219.60 million for the quarter, compared to analyst estimates of $226.38 million. Victory Capital had a net margin of 32.90% and a return on equity of 30.28%. The business's revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $1.25 EPS. Equities research analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th were issued a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.96 annualized dividend and a yield of 3.03%. This is an increase from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's dividend payout ratio is presently 43.65%.

Victory Capital 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.