Squarepoint Ops LLC Invests $1.23 Million in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Squarepoint Ops LLC purchased a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,811 shares of the company's stock, valued at approximately $1,231,000.

Several other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE lifted 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 worth $94,159,000 after purchasing an additional 458,534 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Victory Capital during the 4th quarter worth approximately $17,755,000. TimesSquare Capital Management LLC lifted its holdings in shares of Victory Capital by 20.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company's stock worth $63,899,000 after purchasing an additional 166,265 shares in the last quarter. Bahl & Gaynor Inc. increased its position 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 worth $101,949,000 after acquiring an additional 153,459 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in Victory Capital by 99.1% during the 4th quarter. Royce & Associates LP now owns 278,683 shares of the company's stock worth $18,243,000 after purchasing an additional 138,700 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. UBS Group dropped their price target on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Royal Bank of Canada boosted their price objective on Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. B. Riley increased their target price on shares of Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. dropped their price target 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. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Victory Capital presently has an average rating of "Moderate Buy" and a consensus price target of $71.56.

Victory Capital Trading Up 0.4%

VCTR stock traded up $0.25 during midday trading on Wednesday, hitting $62.66. The company had a trading volume of 35,559 shares, compared to its average volume of 303,184. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a 52 week low of $43.82 and a 52 week high of $73.42. The stock's 50 day moving average price is $58.80 and its 200 day moving average price is $62.70. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 0.55 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its 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 net margin of 32.33% and a return on equity of 31.08%. The business had revenue of $219.60 million for the quarter, compared to the consensus estimate of $226.38 million. During the same quarter in the prior year, the company earned $1.25 EPS. Victory Capital's revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders 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 dividend yield of 3.13%. The ex-dividend date of this dividend is Tuesday, June 10th. This is a boost from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's dividend payout ratio (DPR) is presently 43.65%.

Victory Capital Company 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.