Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 99,642 Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 99,642 shares of the company's stock, valued at approximately $6,523,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.15% of Victory Capital as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Victory Capital by 10.9% during the fourth quarter. Principal Financial Group Inc. now owns 52,830 shares of the company's stock valued at $3,458,000 after acquiring an additional 5,204 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $32,209,000 after acquiring an additional 37,715 shares during the period. Barclays PLC raised 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 acquiring an additional 52,191 shares during the period. PNC Financial Services Group Inc. increased its holdings 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 worth $586,000 after purchasing an additional 7,756 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings 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 worth $2,150,000 after purchasing an additional 7,712 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Victory Capital Trading Up 0.1%

VCTR traded up $0.08 during trading hours on Wednesday, reaching $62.49. 40,591 shares of the company's stock traded hands, compared to its average volume of 303,212. The firm has a 50-day moving average price of $58.80 and a 200 day moving average price of $62.70. Victory Capital Holdings, Inc. has a 52-week low of $43.82 and a 52-week high of $73.42. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $4.20 billion, a PE ratio of 14.30, a PEG ratio of 0.55 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings data 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 net margin of 32.33% and a return on equity of 31.08%. The business had revenue of $219.60 million for the quarter, compared to analysts' expectations of $226.38 million. During the same quarter in the previous year, the firm earned $1.25 EPS. Victory Capital's revenue was up 1.7% compared to the same quarter last year. As a group, sell-side analysts predict 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. Shareholders 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 positive change from Victory Capital's previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a yield of 3.14%. Victory Capital's payout ratio is 43.65%.

Wall Street Analysts Forecast Growth

VCTR has been the topic of several research reports. Wall Street Zen cut Victory Capital from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Barclays lifted their target price on Victory Capital from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Bank of America dropped 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. Royal Bank of Canada lifted their target price on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Finally, BMO Capital Markets lifted their target price on Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus 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.