Two Sigma Investments LP Raises Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Two Sigma Investments LP boosted its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 89.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,117 shares of the company's stock after buying an additional 4,302 shares during the quarter. Two Sigma Investments LP's holdings in Victory Capital were worth $597,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VCTR. Bank of America Corp DE lifted its position in Victory Capital by 46.8% in 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 buying an additional 458,534 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Victory Capital during the 4th quarter worth approximately $17,755,000. TimesSquare Capital Management LLC boosted its position in shares of Victory Capital by 20.5% during 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 during the period. Bahl & Gaynor Inc. increased its holdings in Victory Capital by 10.9% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock valued at $101,949,000 after purchasing an additional 153,459 shares during the last quarter. Finally, Royce & Associates LP raised its position in Victory Capital by 99.1% in the fourth quarter. Royce & Associates LP now owns 278,683 shares of the company's stock valued at $18,243,000 after purchasing an additional 138,700 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VCTR. Royal Bank of Canada upped their target price on shares of Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. B. Riley boosted their price target 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. Bank of America reduced their price objective on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. UBS Group lowered their target price on Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Finally, Barclays upped their price target on Victory Capital from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $71.56.

Victory Capital Stock Up 0.0%

NASDAQ VCTR traded up $0.01 during trading on Thursday, reaching $63.31. 288,405 shares of the company's stock were exchanged, compared to its average volume of 345,698. The company has a 50 day moving average price of $59.54 and a two-hundred day moving average price of $62.59. The stock has a market cap of $4.26 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 0.55 and a beta of 1.04. Victory Capital Holdings, Inc. has a 1 year low of $43.82 and a 1 year high of $73.42. 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 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). Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The company had revenue of $219.60 million for the quarter, compared to analyst estimates of $226.38 million. During the same quarter in the prior year, the business earned $1.25 earnings per share. Victory Capital's revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.49 per share. This is a positive change 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 annualized dividend and a yield of 3.10%. Victory Capital's payout ratio is 43.65%.

Victory Capital 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.