Ritholtz Wealth Management Raises Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Ritholtz Wealth Management raised its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 81.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,627 shares of the company's stock after purchasing an additional 5,667 shares during the period. Ritholtz Wealth Management's holdings in Victory Capital were worth $731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Covestor Ltd raised its position in Victory Capital by 3,207.1% during the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after purchasing an additional 449 shares during the last quarter. Versant Capital Management Inc bought a new position in Victory Capital during the 1st quarter valued at approximately $34,000. Principal Securities Inc. raised its position in 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 purchasing an additional 157 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in Victory Capital during the 1st quarter valued at approximately $37,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Victory Capital in the 4th quarter worth approximately $43,000. Institutional investors own 87.71% of the company's stock.

Victory Capital Stock Down 0.8%

Shares of Victory Capital stock traded down $0.51 during midday trading on Friday, hitting $62.16. The company had a trading volume of 886,178 shares, compared to its average volume of 347,239. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $4.18 billion, a P/E ratio of 13.84, a P/E/G ratio of 0.51 and a beta of 1.04. The company has a 50 day moving average of $60.69 and a 200 day moving average of $62.14. Victory Capital Holdings, Inc. has a 52-week low of $43.82 and a 52-week high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly 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). The company had revenue of $219.60 million during 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 quarter in the previous year, the company earned $1.25 EPS. On average, equities analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be paid a $0.49 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.96 annualized dividend and a dividend yield of 3.15%. This is an increase from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's dividend payout ratio is presently 43.65%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. B. Riley increased their target price on Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Royal Bank Of Canada increased 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. Wall Street Zen lowered Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, UBS Group decreased their target price on Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Victory Capital has a consensus rating of "Moderate Buy" and a consensus price target of $71.56.

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.