Denali Advisors LLC Has $1.03 Million Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Denali Advisors LLC trimmed its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 58.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 17,707 shares of the company's stock after selling 24,406 shares during the period. Denali Advisors LLC's holdings in Victory Capital were worth $1,025,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VCTR. Allspring Global Investments Holdings LLC raised its stake in Victory Capital by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,570 shares of the company's stock valued at $997,000 after buying an additional 5,807 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Victory Capital in the first quarter valued at $657,000. KBC Group NV acquired a new stake in Victory Capital in the first quarter valued at $131,000. Millennium Management LLC raised its stake in Victory Capital by 107.1% in the fourth quarter. Millennium Management LLC now owns 14,973 shares of the company's stock valued at $980,000 after buying an additional 7,744 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Victory Capital by 9,300.0% in the first quarter. GAMMA Investing LLC now owns 17,014 shares of the company's stock valued at $985,000 after buying an additional 16,833 shares in the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on VCTR. UBS Group cut their target price on Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Bank of America lowered their price target on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Royal Bank Of Canada raised their price target on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. B. Riley raised their price target on Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Barclays raised their price target on Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Five research 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, the company has an average rating of "Moderate Buy" and an average target price of $72.22.

Victory Capital Price Performance

Shares of NASDAQ:VCTR traded down $1.88 during trading on Monday, hitting $67.00. 937,387 shares of the stock were exchanged, compared to its average volume of 384,392. The company has a current ratio of 1.09, a quick ratio of 1.09 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 company has a market cap of $4.51 billion, a PE ratio of 14.92, a P/E/G ratio of 0.76 and a beta of 1.03. The company has a fifty day moving average price of $63.67 and a two-hundred day moving average price of $62.06.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly 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 business had revenue of $219.60 million during the quarter, compared to analyst estimates of $226.38 million. Victory Capital had a net margin of 32.90% and a return on equity of 30.28%. The company's revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 earnings per share. On average, analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th were given a $0.49 dividend. This is a boost from Victory Capital's previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Tuesday, June 10th. Victory Capital's dividend 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.