Denali Advisors LLC decreased its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 58.0% in the first quarter, according to its most recent Form 13F filing 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.
Other hedge funds also recently bought and sold shares of the company. Covestor Ltd grew its stake in shares of Victory Capital by 3,207.1% in the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after acquiring an additional 449 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Victory Capital during the first quarter worth $34,000. Opal Wealth Advisors LLC acquired a new position in shares of Victory Capital during the first quarter worth $37,000. TD Private Client Wealth LLC grew its stake in shares of Victory Capital by 17.8% during the first quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock worth $126,000 after purchasing an additional 329 shares in the last quarter. Finally, KBC Group NV acquired a new position in shares of Victory Capital during the first quarter worth $131,000. Hedge funds and other institutional investors own 87.71% of the company's stock.
Victory Capital Price Performance
Shares of VCTR traded up $1.60 during mid-day trading on Wednesday, hitting $69.26. 109,519 shares of the stock were exchanged, compared to its average volume of 384,897. The company has a market cap of $4.66 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 0.74 and a beta of 1.03. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a 50-day moving average of $63.81 and a two-hundred day moving average of $62.11. Victory Capital Holdings, Inc. has a 52-week low of $43.82 and a 52-week high of $73.42.
Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its 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). The business had revenue of $219.60 million during the quarter, compared to analysts' expectations of $226.38 million. Victory Capital had a net margin of 32.90% and a return on equity of 30.28%. Victory Capital's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 EPS. On average, equities analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share 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 dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.83%. 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 payout ratio is presently 43.65%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. B. Riley lifted their price target 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. Wall Street Zen lowered shares of Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. cut their target price on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Royal Bank Of Canada increased their target price on shares of Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, UBS Group decreased their price target 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. Five investment 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.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $72.22.
Read Our Latest Stock Analysis on VCTR
About Victory Capital
(
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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