SG Americas Securities LLC Takes $657,000 Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

SG Americas Securities LLC purchased a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,347 shares of the company's stock, valued at approximately $657,000.

Several other institutional investors have also recently made changes to their positions in VCTR. Vanguard Group Inc. grew its stake in shares of Victory Capital by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 3,966,221 shares of the company's stock valued at $259,629,000 after buying an additional 79,240 shares during the period. Capital World Investors boosted its holdings in Victory Capital by 0.4% in the fourth quarter. Capital World Investors now owns 3,231,009 shares of the company's stock worth $211,502,000 after acquiring an additional 11,654 shares in the last quarter. Franklin Resources Inc. grew its stake in Victory Capital by 1.6% in the fourth quarter. Franklin Resources Inc. now owns 2,011,963 shares of the company's stock valued at $131,703,000 after acquiring an additional 31,944 shares during the period. Bahl & Gaynor Inc. increased its holdings in shares of Victory Capital by 10.9% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock valued at $101,949,000 after acquiring an additional 153,459 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Victory Capital by 46.8% during the fourth quarter. Bank of America Corp DE now owns 1,438,413 shares of the company's stock valued at $94,159,000 after acquiring an additional 458,534 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

Victory Capital Stock Performance

Shares of NASDAQ VCTR traded up $0.27 during midday trading on Wednesday, reaching $62.91. The company's stock had a trading volume of 235,941 shares, compared to its average volume of 345,993. The stock has a market capitalization of $4.23 billion, a P/E ratio of 14.01, a PEG ratio of 0.51 and a beta of 1.04. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50 day moving average price of $60.91 and a 200-day moving average price of $62.07. Victory Capital Holdings, Inc. has a 12-month low of $43.82 and a 12-month high of $73.42.

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

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.12%. 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 payout ratio is presently 43.65%.

Analyst Upgrades and Downgrades

VCTR has been the topic of a number of recent research reports. Barclays increased their target price on Victory Capital from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Bank of America dropped their price objective 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. Wall Street Zen downgraded shares of Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. B. Riley raised their price target on shares of Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. cut their price target on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $71.56.

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.