Redhawk Wealth Advisors Inc. Has $2.09 Million Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Redhawk Wealth Advisors Inc. boosted its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 37.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,112 shares of the company's stock after buying an additional 9,919 shares during the quarter. Redhawk Wealth Advisors Inc. owned 0.06% of Victory Capital worth $2,090,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of Victory Capital by 10.9% during the fourth quarter. Principal Financial Group Inc. now owns 52,830 shares of the company's stock valued at $3,458,000 after acquiring an additional 5,204 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Victory Capital by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 492,045 shares of the company's stock valued at $32,209,000 after purchasing an additional 37,715 shares during the period. Millennium Management LLC lifted its position in shares of Victory Capital by 107.1% in the fourth quarter. Millennium Management LLC now owns 14,973 shares of the company's stock worth $980,000 after purchasing an additional 7,744 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Victory Capital by 650.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,948 shares of the company's stock worth $586,000 after purchasing an additional 7,756 shares during the period. Finally, Los Angeles Capital Management LLC grew its position in Victory Capital by 30.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 32,842 shares of the company's stock valued at $2,150,000 after purchasing an additional 7,712 shares in the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VCTR. UBS Group cut their target price on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Wall Street Zen lowered Victory Capital from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. B. Riley boosted their target price on Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Royal Bank of Canada upped their target price on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, Bank of America reduced their price target on Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Victory Capital presently has a consensus rating of "Moderate Buy" and an average price target of $71.56.

Victory Capital Stock Performance

NASDAQ:VCTR traded down $0.19 during trading hours on Thursday, hitting $63.11. 108,754 shares of the company traded hands, compared to its average volume of 302,290. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a twelve month low of $43.82 and a twelve month high of $73.42. The firm has a 50-day moving average of $59.54 and a 200 day moving average of $62.59. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 0.55 and a beta of 1.04.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.02). Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. The company had revenue of $219.60 million for the quarter, compared to analyst estimates of $226.38 million. During the same period in the prior year, the company posted $1.25 EPS. The firm's quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.11%. This is a boost from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, June 10th. Victory Capital's dividend payout ratio 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.