SG Americas Securities LLC purchased a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,347 shares of the company's stock, valued at approximately $657,000.
Several other institutional investors and hedge funds have also recently modified their holdings of VCTR. Rhumbline Advisers increased its stake in shares of Victory Capital by 1.8% in the 4th quarter. Rhumbline Advisers now owns 55,109 shares of the company's stock valued at $3,607,000 after purchasing an additional 971 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Victory Capital by 35.2% in 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 in the last quarter. Principal Financial Group Inc. increased its stake in Victory Capital by 10.9% during the 4th quarter. Principal Financial Group Inc. now owns 52,830 shares of the company's stock worth $3,458,000 after buying an additional 5,204 shares in the last quarter. Handelsbanken Fonder AB increased its stake in Victory Capital by 24.6% during the 4th quarter. Handelsbanken Fonder AB now owns 8,100 shares of the company's stock worth $530,000 after buying an additional 1,600 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in Victory Capital during the 4th quarter worth approximately $211,000. Hedge funds and other institutional investors own 87.71% of the company's stock.
Analysts Set New Price Targets
VCTR has been the subject of several research reports. B. Riley boosted their price objective on Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. UBS Group cut their price objective on Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Wall Street Zen downgraded shares of Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Bank of America decreased 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. Finally, Royal Bank Of Canada upped their price target on Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Victory Capital has a consensus rating of "Moderate Buy" and an average price target of $71.56.
Get Our Latest Stock Analysis on Victory Capital
Victory Capital Trading Down 0.8%
Victory Capital stock traded down $0.51 during mid-day trading on Friday, hitting $62.16. The company's stock had a trading volume of 886,178 shares, compared to its average volume of 347,239. The firm has a market capitalization of $4.18 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 0.51 and a beta of 1.04. Victory Capital Holdings, Inc. has a 1 year low of $43.82 and a 1 year high of $73.42. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.84. The stock's fifty day moving average is $60.69 and its two-hundred day moving average is $62.11.
Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings results 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 return on equity of 30.28% and a net margin of 32.90%. The firm had revenue of $219.60 million for the quarter, compared to analyst estimates of $226.38 million. During the same quarter last year, the company earned $1.25 earnings per share. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.
Victory Capital Increases Dividend
The company also recently declared 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 dividend on an annualized basis and a yield of 3.15%. This is a boost from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, June 10th. Victory Capital's dividend payout ratio is 43.65%.
Victory Capital Company Profile
(
Free Report)
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.
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