Universal Beteiligungs und Servicegesellschaft mbH Takes $6.52 Million Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 99,642 shares of the company's stock, valued at approximately $6,523,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.15% of Victory Capital at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VCTR. Vanguard Group Inc. raised its holdings in Victory Capital by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 3,966,221 shares of the company's stock valued at $259,629,000 after buying an additional 79,240 shares during the last quarter. Capital World Investors increased its position in Victory Capital by 0.4% in the 4th quarter. Capital World Investors now owns 3,231,009 shares of the company's stock valued at $211,502,000 after acquiring an additional 11,654 shares during the period. Franklin Resources Inc. raised its stake in shares of Victory Capital by 1.6% during the fourth quarter. Franklin Resources Inc. now owns 2,011,963 shares of the company's stock valued at $131,703,000 after acquiring an additional 31,944 shares during the last quarter. Bahl & Gaynor Inc. raised its stake in shares of Victory Capital by 10.9% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock valued at $101,949,000 after acquiring an additional 153,459 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Victory Capital by 46.8% during the fourth quarter. Bank of America Corp DE now owns 1,438,413 shares of the company's stock worth $94,159,000 after purchasing an additional 458,534 shares during the period. 87.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VCTR has been the subject of a number of recent research reports. B. Riley increased their price objective on Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Bank of America lowered their price objective on Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Royal Bank of Canada lifted their price objective on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. reduced their target price on Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, Wall Street Zen lowered shares of Victory Capital from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $71.56.

Victory Capital Trading Up 0.3%

Shares of NASDAQ:VCTR traded up $0.18 during midday trading on Wednesday, reaching $62.59. The company's stock had a trading volume of 168,409 shares, compared to its average volume of 348,201. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 14.32, a PEG 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. The firm has a 50 day moving average price of $58.90 and a two-hundred day moving average price of $62.70. Victory Capital Holdings, Inc. has a fifty-two week low of $43.82 and a fifty-two week high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.02). The business had revenue of $219.60 million during the quarter, compared to the consensus estimate of $226.38 million. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 earnings per share. As a group, analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Tuesday, June 10th. This is an increase from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's payout ratio is presently 43.65%.

Victory Capital Company 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.