Squarepoint Ops LLC Buys Shares of 18,811 Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Squarepoint Ops LLC acquired a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 18,811 shares of the company's stock, valued at approximately $1,231,000.

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

Victory Capital Stock Performance

Shares of NASDAQ:VCTR traded up $0.18 during midday trading on Wednesday, reaching $62.59. 168,409 shares of the company's stock traded hands, compared to its average volume of 348,201. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital Holdings, Inc. has a one year low of $43.82 and a one year high of $73.42. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 0.55 and a beta of 1.05. The stock has a 50 day moving average of $58.90 and a 200 day moving average of $62.70.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.02). Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. The company 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 posted $1.25 EPS. Victory Capital's revenue was up 1.7% on a year-over-year basis. As a group, equities research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be given a dividend of $0.49 per share. This is an increase from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.96 dividend on an annualized basis and a yield of 3.13%. Victory Capital's dividend payout ratio is 43.65%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VCTR shares. BMO Capital Markets boosted their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped their price target on Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Royal Bank of Canada raised their price objective on Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Wall Street Zen cut Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, B. Riley raised their price target on Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $71.56.

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.