Royce & Associates LP Raises Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Royce & Associates LP increased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 26.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 353,570 shares of the company's stock after purchasing an additional 74,887 shares during the period. Royce & Associates LP owned 0.56% of Victory Capital worth $20,461,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Victory Capital by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,570 shares of the company's stock valued at $997,000 after acquiring an additional 5,807 shares during the last quarter. SG Americas Securities LLC acquired a new position in Victory Capital in the first quarter valued at approximately $657,000. KBC Group NV acquired a new stake in Victory Capital during the first quarter worth approximately $131,000. Envestnet Asset Management Inc. lifted its position in shares of Victory Capital by 3.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 128,061 shares of the company's stock worth $7,411,000 after buying an additional 4,377 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Victory Capital by 107.1% in the 4th quarter. Millennium Management LLC now owns 14,973 shares of the company's stock valued at $980,000 after buying an additional 7,744 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

Victory Capital Price Performance

Shares of NASDAQ:VCTR traded up $1.20 on Friday, reaching $70.64. 387,969 shares of the company were exchanged, compared to its average volume of 927,329. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a 1-year low of $43.82 and a 1-year high of $73.42. The company has a 50-day moving average of $64.02 and a 200-day moving average of $62.20. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 0.77 and a beta of 1.03.

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 analysts' expectations of $226.38 million. Victory Capital had a net margin of 32.90% and a return on equity of 30.28%. The company's quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the business posted $1.25 earnings per share. Equities 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 was paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.96 dividend on an annualized basis and a yield of 2.77%. This is a boost from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's payout ratio is presently 43.65%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barclays upped their price objective on shares of Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Wall Street Zen downgraded Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. UBS Group decreased their price objective on Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. decreased their price target on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, B. Riley lifted their price objective on shares of Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $72.22.

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.