Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 39.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,966 shares of the company's stock after buying an additional 25,172 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Victory Capital worth $5,824,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Covestor Ltd increased its stake in shares of Victory Capital by 3,207.1% during the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after buying an additional 449 shares during the period. Principal Securities Inc. boosted its stake in shares of Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after purchasing an additional 157 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Victory Capital in the fourth quarter worth approximately $43,000. Convergence Investment Partners LLC purchased a new position in shares of Victory Capital in the 4th quarter valued at $193,000. Finally, FourThought Financial Partners LLC purchased a new position in shares of Victory Capital in the 4th quarter valued at $211,000. Institutional investors own 87.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. BMO Capital Markets lifted their target price on Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. B. Riley increased their target price on shares of Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Bank of America cut their price target on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. JPMorgan Chase & Co. decreased their price objective on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, Barclays upped their target price on Victory Capital from $59.00 to $62.00 and gave the company an "equal weight" rating in a research 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.56.

Victory Capital Stock Performance

Shares of VCTR stock traded up $0.67 during trading hours on Thursday, hitting $63.26. The company's stock had a trading volume of 179,531 shares, compared to its average volume of 347,600. The stock has a market cap of $4.25 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05. Victory Capital Holdings, Inc. has a 12-month low of $43.82 and a 12-month high of $73.42. The company has a 50 day moving average of $58.90 and a 200 day moving average of $62.70. 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 (NASDAQ:VCTR - Get Free Report) last issued 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 return on equity of 31.08% and a net margin of 32.33%. The company had revenue of $219.60 million during the quarter, compared to analysts' expectations of $226.38 million. During the same quarter in the previous year, the company earned $1.25 EPS. The firm's quarterly revenue 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th will be given 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 3.10%. Victory Capital's dividend payout ratio (DPR) 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.