Point72 Asset Management L.P. Buys Shares of 8,456 Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Point72 Asset Management L.P. bought a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,456 shares of the company's stock, valued at approximately $554,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Covestor Ltd increased 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 in the last quarter. Principal Securities Inc. lifted its position 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 buying an additional 157 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Victory Capital in the 4th quarter worth about $43,000. Convergence Investment Partners LLC purchased a new stake in Victory Capital in the 4th quarter valued at about $193,000. Finally, FourThought Financial Partners LLC acquired a new position in Victory Capital during the fourth quarter worth approximately $211,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. BMO Capital Markets boosted their price objective on Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Royal Bank of Canada increased 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. Bank of America dropped 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 note on Thursday, April 3rd. Barclays upped their target price on shares of Victory Capital from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Finally, UBS Group lowered their price target on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $71.56.

Victory Capital Stock Performance

Shares of VCTR traded down $0.47 during mid-day trading on Wednesday, hitting $62.42. The stock had a trading volume of 19,580 shares, compared to its average volume of 350,818. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The company has a market cap of $4.20 billion, a PE ratio of 14.27, a PEG ratio of 0.55 and a beta of 1.05. Victory Capital Holdings, Inc. has a fifty-two week low of $43.82 and a fifty-two week high of $73.42. The company's fifty day simple moving average is $58.68 and its two-hundred day simple moving average is $62.80.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released 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 net margin of 32.33% and a return on equity of 31.08%. The business had revenue of $219.60 million for the quarter, compared to the consensus estimate of $226.38 million. During the same quarter in the previous year, the firm earned $1.25 EPS. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts expect 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 will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be given a $0.49 dividend. The ex-dividend date is Tuesday, June 10th. This is an increase from Victory Capital's previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a yield of 3.14%. Victory Capital's dividend payout ratio (DPR) is currently 43.65%.

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.