Alps Advisors Inc. Increases Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Alps Advisors Inc. raised its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 12.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,292 shares of the company's stock after buying an additional 16,991 shares during the quarter. Alps Advisors Inc. owned about 0.25% of Victory Capital worth $9,160,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake 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 valued at $32,209,000 after acquiring an additional 37,715 shares in the last quarter. Atria Investments Inc boosted its holdings in shares of Victory Capital by 43.0% during the 4th quarter. Atria Investments Inc now owns 5,899 shares of the company's stock worth $386,000 after purchasing an additional 1,775 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Victory Capital during the 4th quarter worth approximately $3,813,000. PNC Financial Services Group Inc. grew its position in shares of 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 in the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Victory Capital by 460.0% in the fourth quarter. AlphaQuest LLC now owns 8,591 shares of the company's stock valued at $562,000 after purchasing an additional 7,057 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Trading Down 2.3%

Shares of VCTR stock traded down $1.54 during trading hours on Friday, hitting $64.70. The company had a trading volume of 231,621 shares, compared to its average volume of 337,149. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $4.35 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.74 and a beta of 1.03. The company's fifty day moving average is $62.80 and its 200 day moving average is $62.06. Victory Capital Holdings, Inc. has a fifty-two week low of $43.82 and a fifty-two week high of $73.42.

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

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.03%. 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. Victory Capital's dividend payout ratio (DPR) is 43.65%.

Analyst Ratings Changes

VCTR has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Bank of America lowered 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 report on Thursday, April 3rd. Wall Street Zen cut shares of Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. B. Riley boosted their target price on shares of Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Royal Bank Of Canada increased their price target on shares of Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Victory Capital has an average rating of "Moderate Buy" and an average target price of $71.56.

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.