8,733 Shares in Victory Capital Holdings, Inc. (NASDAQ:VCTR) Acquired by Tidal Investments LLC

Tidal Investments LLC acquired a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,733 shares of the company's stock, valued at approximately $572,000.

A number of other large investors have also modified their holdings of VCTR. Principal Financial Group Inc. lifted its position in shares of Victory Capital by 10.9% during the 4th quarter. Principal Financial Group Inc. now owns 52,830 shares of the company's stock valued at $3,458,000 after buying an additional 5,204 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Victory Capital by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 492,045 shares of the company's stock worth $32,209,000 after acquiring an additional 37,715 shares during the period. Barclays PLC lifted its holdings in Victory Capital by 110.6% during the third quarter. Barclays PLC now owns 99,367 shares of the company's stock valued at $5,506,000 after purchasing an additional 52,191 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Victory Capital by 650.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,948 shares of the company's stock valued at $586,000 after purchasing an additional 7,756 shares during the period. Finally, Los Angeles Capital Management LLC grew its position in shares of Victory Capital by 30.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 32,842 shares of the company's stock valued at $2,150,000 after purchasing an additional 7,712 shares during the period. Institutional investors and hedge funds own 87.71% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on VCTR. B. Riley increased their target price on Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Wall Street Zen downgraded Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Bank of America lowered their target price 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. Barclays upped their target price on shares of Victory Capital from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, JPMorgan Chase & Co. decreased 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. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $71.56.

Victory Capital Trading Down 1.0%

VCTR stock traded down $0.63 during trading on Friday, reaching $61.78. 295,788 shares of the stock were exchanged, compared to its average volume of 350,642. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 0.55 and a beta of 1.05. The business has a 50 day moving average price of $58.72 and a 200-day moving average price of $62.72. Victory Capital Holdings, Inc. has a 1 year low of $43.82 and a 1 year high of $73.42.

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 the consensus estimate of $1.38 by ($0.02). The firm had revenue of $219.60 million for the quarter, compared to analysts' expectations of $226.38 million. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 EPS. On average, research analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.49 per share. The ex-dividend date is Tuesday, June 10th. This is a boost from Victory Capital's previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.17%. Victory Capital's dividend payout ratio is currently 43.65%.

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.