Envestnet Asset Management Inc. Grows Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Envestnet Asset Management Inc. increased its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 3.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,061 shares of the company's stock after buying an additional 4,377 shares during the quarter. Envestnet Asset Management Inc. owned about 0.20% of Victory Capital worth $7,411,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd grew its position in Victory Capital by 3,207.1% during the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after purchasing an additional 449 shares during the period. Versant Capital Management Inc acquired a new stake in Victory Capital during the 1st quarter worth about $34,000. Opal Wealth Advisors LLC purchased a new stake in shares of Victory Capital during the 1st quarter worth about $37,000. KBC Group NV acquired a new stake in shares of Victory Capital during the 1st quarter valued at about $131,000. Finally, Blue Trust Inc. grew its position in shares of Victory Capital by 25.0% during the 1st quarter. Blue Trust Inc. now owns 3,314 shares of the company's stock valued at $192,000 after acquiring an additional 663 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Price Performance

Victory Capital stock traded up $1.20 during midday trading on Friday, reaching $70.64. The company had a trading volume of 387,969 shares, compared to its average volume of 927,329. The company has a market capitalization of $4.75 billion, a P/E ratio of 15.73, a P/E/G ratio of 0.78 and a beta of 1.03. Victory Capital Holdings, Inc. has a 12-month low of $43.82 and a 12-month high of $73.42. The firm's fifty day simple moving average is $64.16 and its 200-day simple moving average is $62.26. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.09.

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 analysts' consensus estimates of $1.38 by ($0.02). Victory Capital had a net margin of 32.90% and a return on equity of 30.28%. The company had revenue of $219.60 million during the quarter, compared to analysts' expectations of $226.38 million. During the same period in the prior year, the business posted $1.25 earnings per share. The company's quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.77%. This is a positive change from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, June 10th. Victory Capital's dividend payout ratio (DPR) is 43.65%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on VCTR shares. B. Riley raised their target price on Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Barclays raised their target price on Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada raised their target price on Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. dropped their target price on Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, Wall Street Zen cut Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.