Annex Advisory Services LLC grew its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 127.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 395,252 shares of the company's stock after acquiring an additional 221,690 shares during the quarter. Annex Advisory Services LLC owned 0.62% of Victory Capital worth $22,873,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Covestor Ltd lifted its position in shares of Victory Capital by 3,207.1% in the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after acquiring an additional 449 shares during the period. Versant Capital Management Inc bought a new stake in shares of Victory Capital in the 1st quarter worth approximately $34,000. Principal Securities Inc. lifted its position in shares of Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after acquiring an additional 157 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Victory Capital during the 4th quarter worth approximately $43,000. Finally, Convergence Investment Partners LLC bought a new position in shares of Victory Capital during the 4th quarter worth approximately $193,000. Institutional investors own 87.71% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on VCTR shares. Bank of America cut their target price 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. UBS Group cut their target price on Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. B. Riley raised 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 raised their target price on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, Barclays lifted their target price on shares of Victory Capital from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Victory Capital has a consensus rating of "Moderate Buy" and an average target price of $71.56.
Check Out Our Latest Stock Report on Victory Capital
Victory Capital Price Performance
VCTR traded up $1.71 during trading on Friday, hitting $64.94. The company's stock had a trading volume of 271,691 shares, compared to its average volume of 346,894. The firm's 50 day moving average price is $59.11 and its two-hundred day moving average price is $62.62. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a 12 month low of $43.82 and a 12 month high of $73.42. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 0.55 and a beta of 1.04.
Victory Capital (NASDAQ:VCTR - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.02). The firm had revenue of $219.60 million for 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 company's revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 EPS. Sell-side analysts forecast 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 will be paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.02%. This is an increase from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's payout ratio is presently 43.65%.
Victory Capital Profile
(
Free Report)
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.
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