Annex Advisory Services LLC Raises Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Annex Advisory Services LLC grew its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 127.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 395,252 shares of the company's stock after acquiring an additional 221,690 shares during the period. Annex Advisory Services LLC owned 0.62% of Victory Capital worth $22,873,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of Victory Capital by 10.9% during the fourth quarter. Principal Financial Group Inc. now owns 52,830 shares of the company's stock worth $3,458,000 after acquiring an additional 5,204 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Victory Capital by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 492,045 shares of the company's stock worth $32,209,000 after acquiring an additional 37,715 shares in the last quarter. Barclays PLC lifted its position in shares of Victory Capital by 110.6% during the third quarter. Barclays PLC now owns 99,367 shares of the company's stock worth $5,506,000 after acquiring an additional 52,191 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Victory Capital by 650.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,948 shares of the company's stock worth $586,000 after acquiring an additional 7,756 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of Victory Capital by 30.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 32,842 shares of the company's stock worth $2,150,000 after acquiring an additional 7,712 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

Victory Capital Trading Up 1.0%

Shares of NASDAQ VCTR traded up $0.64 during trading hours on Thursday, hitting $63.23. The company's stock had a trading volume of 268,932 shares, compared to its average volume of 347,533. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 0.55 and a beta of 1.05. Victory Capital Holdings, Inc. has a 12 month low of $43.82 and a 12 month high of $73.42. The business has a 50-day simple moving average of $59.01 and a 200-day simple moving average of $62.69.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its 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 business had revenue of $219.60 million during the quarter, compared to the consensus estimate of $226.38 million. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 earnings per share. On average, analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This is a boost from Victory Capital's previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a dividend yield of 3.10%. Victory Capital's dividend payout ratio (DPR) is presently 43.65%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VCTR shares. Wall Street Zen downgraded Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Bank of America reduced their price objective on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. UBS Group reduced their price objective on Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. reduced 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. Finally, BMO Capital Markets raised their price objective on Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Victory Capital has an average rating of "Moderate Buy" and a consensus target price of $71.56.

About Victory Capital

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.