5,725 Shares in Victory Capital Holdings, Inc. (NASDAQ:VCTR) Purchased by Cynosure Group LLC

Key Points

• Cynosure Group LLC has invested approximately $331,000 in Victory Capital Holdings, acquiring 5,725 shares during the first quarter.
• Several hedge funds, including Charles Schwab Investment Management and Vanguard Group, have also increased their holdings in Victory Capital, with institutional investors owning 87.71% of the stock.
• Victory Capital recently announced a quarterly dividend of $0.49, representing an annualized dividend yield of 2.8%.

Cynosure Group LLC bought a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,725 shares of the company's stock, valued at approximately $331,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of Victory Capital by 46.8% in the 4th quarter. Bank of America Corp DE now owns 1,438,413 shares of the company's stock valued at $94,159,000 after purchasing an additional 458,534 shares during the last quarter. Annex Advisory Services LLC grew its position in Victory Capital by 127.7% during the 1st quarter. Annex Advisory Services LLC now owns 395,252 shares of the company's stock worth $22,873,000 after purchasing an additional 221,690 shares during the last quarter. Vanguard Group Inc. grew its position in Victory Capital by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 4,095,276 shares of the company's stock worth $236,994,000 after purchasing an additional 129,055 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Victory Capital by 966.9% in the 4th quarter. Voya Investment Management LLC now owns 141,799 shares of the company's stock worth $9,282,000 after acquiring an additional 128,508 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of Victory Capital by 940.7% in the 4th quarter. Lazard Asset Management LLC now owns 125,861 shares of the company's stock worth $8,237,000 after acquiring an additional 113,767 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Stock Up 0.3%

Shares of VCTR traded up $0.18 during trading hours on Friday, reaching $71.37. The company's stock had a trading volume of 169,176 shares, compared to its average volume of 422,375. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 0.78 and a beta of 1.04. Victory Capital Holdings, Inc. has a 1-year low of $47.00 and a 1-year high of $73.42. The company has a quick ratio of 1.09, a current ratio of 1.37 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $66.24 and a two-hundred day moving average of $62.76.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. The firm had revenue of $351.21 million for the quarter, compared to the consensus estimate of $348.89 million. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%. The firm's revenue was up 59.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.31 earnings per share. As a group, research analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Wednesday, September 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, September 10th. Victory Capital's dividend payout ratio (DPR) is 48.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. 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 report on Tuesday, May 13th. UBS Group reduced their target price on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. 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 report on Tuesday, April 29th. Wall Street Zen lowered shares of Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Barclays upped their price target on shares of Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Victory Capital has a consensus rating of "Moderate Buy" and a consensus target price of $72.22.

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.