Jefferies Financial Group Inc. Takes Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Jefferies Financial Group Inc. purchased a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,935 shares of the company's stock, valued at approximately $389,000.

A number of other hedge funds also recently modified their holdings of VCTR. Covestor Ltd boosted 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 buying an additional 449 shares during the period. Principal Securities Inc. boosted its stake in Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after acquiring an additional 157 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Victory Capital in the 4th quarter valued at about $43,000. Convergence Investment Partners LLC bought a new stake in shares of Victory Capital during the fourth quarter valued at approximately $193,000. Finally, FourThought Financial Partners LLC bought a new position in shares of Victory Capital in the fourth quarter valued at $211,000. Institutional investors own 87.71% of the company's stock.

Wall Street Analyst Weigh In

VCTR has been the topic of a number of recent analyst reports. B. Riley lifted their target price on Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. BMO Capital Markets increased their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. JPMorgan Chase & Co. lowered their price objective on 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 lifted their price objective on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Finally, 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. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $71.56.

Victory Capital Price Performance

Shares of VCTR stock traded up $0.18 on Wednesday, reaching $62.59. 168,409 shares of the company were exchanged, compared to its average volume of 348,201. Victory Capital Holdings, Inc. has a 1 year low of $43.82 and a 1 year high of $73.42. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The business has a 50-day moving average price of $58.90 and a 200 day moving average price of $62.70. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 0.55 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its 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 company had revenue of $219.60 million during the quarter, compared to analyst estimates of $226.38 million. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The firm's revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business earned $1.25 earnings per share. Equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th will be given a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.96 dividend on an annualized basis and a yield of 3.13%. This is an increase from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's payout ratio is currently 43.65%.

About Victory Capital

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.