UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.82 Million Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 39.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,966 shares of the company's stock after acquiring an additional 25,172 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of Victory Capital worth $5,824,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Principal Securities Inc. boosted its stake in Victory Capital by 35.2% during the 4th 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. Bosun Asset Management LLC lifted its holdings in shares of Victory Capital by 1.4% in the fourth quarter. Bosun Asset Management LLC now owns 13,016 shares of the company's stock valued at $852,000 after buying an additional 176 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of Victory Capital by 4.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company's stock valued at $366,000 after buying an additional 218 shares during the period. Summit Investment Advisors Inc. boosted its stake in Victory Capital by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company's stock valued at $282,000 after buying an additional 273 shares in the last quarter. Finally, Covestor Ltd grew its holdings in Victory Capital by 3,207.1% during the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after acquiring an additional 449 shares during the period. Institutional investors and hedge funds own 87.71% of the company's stock.

Victory Capital Stock Up 2.7%

Shares of VCTR stock traded up $1.71 on Friday, reaching $64.94. 271,691 shares of the company's stock traded hands, compared to its average volume of 346,757. The business's 50 day moving average price is $59.11 and its two-hundred day moving average price is $62.68. The company has a market capitalization of $4.37 billion, a P/E 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 Holdings, Inc. has a 12-month low of $43.82 and a 12-month high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.36 earnings per share (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 period last year, the company earned $1.25 earnings per share. Victory Capital's revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th will be paid a $0.49 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.96 dividend on an annualized basis and a yield of 3.02%. This is an increase from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's payout ratio is 43.65%.

Analysts Set New Price Targets

VCTR has been the subject of several research reports. BMO Capital Markets raised their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Bank of America cut their target price on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Wall Street Zen cut shares of Victory Capital from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. UBS Group decreased their price target on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Finally, Barclays increased their price objective 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.56.

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.