Two Sigma Advisers LP boosted its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 106.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,500 shares of the company's stock after buying an additional 4,900 shares during the period. Two Sigma Advisers LP's holdings in Victory Capital were worth $622,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covestor Ltd grew its position in Victory Capital by 3,207.1% in the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after buying an additional 449 shares during the last quarter. Principal Securities Inc. grew its position in 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 buying an additional 157 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Victory Capital in the 4th quarter valued at $43,000. Convergence Investment Partners LLC purchased a new position in Victory Capital in the 4th quarter valued at $193,000. Finally, FourThought Financial Partners LLC acquired a new stake in Victory Capital in the fourth quarter valued at $211,000. 87.71% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on VCTR shares. UBS Group reduced their target price on Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. reduced their target price on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Royal Bank of Canada raised their target price on Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Bank of America reduced their target price on Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, B. Riley lifted their price target on Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $71.56.
Get Our Latest Stock Report on Victory Capital
Victory Capital Price Performance
VCTR stock traded up $1.71 during trading on Friday, hitting $64.94. The stock had a trading volume of 271,691 shares, compared to its average volume of 346,757. The company's 50 day moving average price is $59.11 and its two-hundred day moving average price is $62.68. Victory Capital Holdings, Inc. has a 1-year low of $43.82 and a 1-year high of $73.42. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05. 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 (NASDAQ:VCTR - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $1.36 earnings per share 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 firm had revenue of $219.60 million during the quarter, compared to analyst estimates of $226.38 million. During the same period in the previous year, the firm posted $1.25 EPS. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. On average, sell-side analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS 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. Investors of record on Tuesday, June 10th will be paid a $0.49 dividend. This is an increase from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, June 10th. This represents a $1.96 annualized dividend and a yield of 3.02%. Victory Capital's payout ratio is presently 43.65%.
About Victory Capital
(
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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