Alps Advisors Inc. Raises Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Alps Advisors Inc. lifted its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,292 shares of the company's stock after purchasing an additional 16,991 shares during the period. Alps Advisors Inc. owned about 0.25% of Victory Capital worth $9,160,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. TD Private Client Wealth LLC lifted its position in shares of Victory Capital by 17.8% during the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock worth $126,000 after purchasing an additional 329 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Victory Capital by 3.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 128,061 shares of the company's stock worth $7,411,000 after purchasing an additional 4,377 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in Victory Capital during the 1st quarter worth $514,000. Principal Financial Group Inc. raised its stake in Victory Capital by 3.3% during the 1st quarter. Principal Financial Group Inc. now owns 54,548 shares of the company's stock worth $3,157,000 after acquiring an additional 1,718 shares in the last quarter. Finally, MorganRosel Wealth Management LLC raised its stake in Victory Capital by 6.9% during the 1st quarter. MorganRosel Wealth Management LLC now owns 24,192 shares of the company's stock worth $1,400,000 after acquiring an additional 1,554 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VCTR shares. B. Riley lifted their price target on shares of Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Bank of America cut their price target on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. JPMorgan Chase & Co. cut their price target on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Royal Bank Of Canada lifted their price target 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. Finally, Wall Street Zen lowered 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's stock. Based on data from MarketBeat.com, Victory Capital has an average rating of "Moderate Buy" and an average target price of $71.56.

Victory Capital Stock Performance

NASDAQ VCTR traded up $0.21 during trading on Monday, reaching $64.91. The company's stock had a trading volume of 190,597 shares, compared to its average volume of 312,372. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 0.73 and a beta of 1.03. The business's fifty day moving average price is $62.80 and its 200-day moving average price is $62.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.09 and a current ratio of 1.09. Victory Capital Holdings, Inc. has a twelve month low of $43.82 and a twelve month high of $73.42.

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

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th were issued a $0.49 dividend. This is an increase from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, June 10th. This represents a $1.96 annualized dividend and a dividend yield of 3.02%. 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.