Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 3.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,061 shares of the company's stock after purchasing an additional 4,377 shares during the period. Envestnet Asset Management Inc. owned 0.20% of Victory Capital worth $7,411,000 at the end of the most recent reporting period.

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

Victory Capital Stock Performance

Shares of VCTR stock traded up $1.06 during trading hours on Friday, hitting $70.50. The company's stock had a trading volume of 157,631 shares, compared to its average volume of 402,557. The company has a 50 day moving average of $64.02 and a 200 day moving average of $62.20. The stock has a market cap of $4.74 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.77 and a beta of 1.03. 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.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.36 earnings per share (EPS) 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 analysts' expectations of $226.38 million. Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. The business's quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the company posted $1.25 earnings per share. On average, sell-side analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared 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. The ex-dividend date was Tuesday, June 10th. 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 dividend yield of 2.78%. Victory Capital's dividend payout ratio (DPR) is currently 43.65%.

Analyst Upgrades and Downgrades

VCTR has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Bank of America reduced their price objective on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Royal Bank Of Canada boosted their price objective on shares of Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. B. Riley boosted 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $72.22.

Victory Capital 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.