Point72 Asset Management L.P. Makes New $554,000 Investment in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Point72 Asset Management L.P. purchased a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,456 shares of the company's stock, valued at approximately $554,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd boosted its holdings in Victory Capital by 3,207.1% in the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after acquiring an additional 449 shares during the period. Principal Securities Inc. boosted its stake in shares of Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after buying an additional 157 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Victory Capital during the 4th quarter valued at approximately $43,000. Convergence Investment Partners LLC purchased a new position in shares of Victory Capital during the 4th quarter valued at approximately $193,000. Finally, FourThought Financial Partners LLC purchased a new position in shares of Victory Capital during the 4th quarter valued at approximately $211,000. Hedge funds and other institutional investors own 87.71% of the company's stock.

Wall Street Analyst Weigh In

VCTR has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their target price 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 increased their target price on Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Barclays increased their target price on Victory Capital from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. UBS Group reduced their price objective on Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Bank of America reduced their price objective on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.56.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $61.37 on Friday. 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 current ratio of 1.19 and a quick ratio of 1.19. The business's fifty day moving average price is $58.58 and its two-hundred day moving average price is $62.85. The firm has a market capitalization of $3.91 billion, a PE ratio of 14.04, 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 for the quarter, missing the consensus estimate of $1.38 by ($0.02). Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The company had revenue of $219.60 million during the quarter, compared to analyst estimates of $226.38 million. During the same period in the prior year, the business earned $1.25 earnings per share. Victory Capital's quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.19%. This is a positive change from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, June 10th. Victory Capital's dividend payout ratio (DPR) is 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.

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