Seizert Capital Partners LLC Buys 24,339 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Key Points

• Seizert Capital Partners LLC increased its stake in Victory Capital Holdings by 69.4%, owning approximately $3.44 million in stock after purchasing an additional 24,339 shares in the first quarter.
• Victory Capital reported a decrease in EPS for its recent quarter, missing analysts' estimates, with a net margin of 32.90% and revenue of $219.6 million.
• The company recently raised its quarterly dividend to $0.49 per share, reflecting a 2.80% dividend yield and a dividend payout ratio of 43.65%.

Seizert Capital Partners LLC lifted its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 69.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,393 shares of the company's stock after buying an additional 24,339 shares during the period. Seizert Capital Partners LLC owned approximately 0.09% of Victory Capital worth $3,437,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VCTR. Bosun Asset Management LLC lifted its position in shares of Victory Capital by 1.4% during the 4th quarter. Bosun Asset Management LLC now owns 13,016 shares of the company's stock valued at $852,000 after acquiring an additional 176 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in Victory Capital by 4.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company's stock valued at $366,000 after purchasing an additional 218 shares during the period. Summit Investment Advisors Inc. raised its stake in Victory Capital by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company's stock valued at $282,000 after purchasing an additional 273 shares during the period. Moody National Bank Trust Division raised its stake in Victory Capital by 0.4% during the 1st quarter. Moody National Bank Trust Division now owns 81,175 shares of the company's stock valued at $4,698,000 after purchasing an additional 291 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in Victory Capital by 17.8% during the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock valued at $126,000 after purchasing an additional 329 shares during the period. Institutional investors own 87.71% of the company's stock.

Victory Capital Stock Down 3.1%

NASDAQ:VCTR traded down $2.11 during trading hours on Friday, reaching $66.80. The company's stock had a trading volume of 776,676 shares, compared to its average volume of 940,736. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 0.77 and a beta of 1.04. Victory Capital Holdings, Inc. has a one year low of $43.82 and a one year high of $73.42. The business's 50-day moving average is $64.83 and its 200-day moving average is $62.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.09.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly 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). Victory Capital had a net margin of 32.90% and a return on equity of 30.28%. The firm had revenue of $219.60 million for the quarter, compared to the consensus estimate of $226.38 million. During the same quarter last year, the company earned $1.25 earnings per share. The firm's revenue was up 1.7% on a year-over-year basis. Equities research analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th were paid a $0.49 dividend. The ex-dividend date was Tuesday, June 10th. This is a boost from Victory Capital's previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. Victory Capital's dividend payout ratio is 43.65%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VCTR. B. Riley boosted their target price 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. Wall Street Zen downgraded shares of Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada upped their price target on shares of Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price target on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Finally, Bank of America dropped their price target 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. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Victory Capital currently has a consensus rating of "Moderate Buy" and a consensus price target 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.