Allianz Asset Management GmbH Has $4 Million Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Allianz Asset Management GmbH cut its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 22.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,108 shares of the company's stock after selling 20,169 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.11% of Victory Capital worth $3,999,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VCTR. Bosun Asset Management LLC lifted its position in Victory Capital by 1.4% during the 4th quarter. Bosun Asset Management LLC now owns 13,016 shares of the company's stock worth $852,000 after acquiring an additional 176 shares during the period. Pictet Asset Management Holding SA increased its position in Victory Capital by 4.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company's stock worth $366,000 after buying an additional 218 shares in the last quarter. Summit Investment Advisors Inc. increased its position in Victory Capital by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company's stock worth $282,000 after buying an additional 273 shares in the last quarter. Moody National Bank Trust Division grew its position in shares of Victory Capital by 0.4% in the first quarter. Moody National Bank Trust Division now owns 81,175 shares of the company's stock valued at $4,698,000 after purchasing an additional 291 shares during the period. Finally, TD Private Client Wealth LLC grew its position in shares of Victory Capital by 17.8% in the first quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock valued at $126,000 after purchasing an additional 329 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Trading Down 2.6%

NASDAQ:VCTR traded down $1.79 during trading hours on Friday, hitting $67.12. 197,420 shares of the stock were exchanged, compared to its average volume of 403,665. The company's 50 day moving average is $64.71 and its two-hundred day moving average is $62.47. Victory Capital Holdings, Inc. has a twelve month low of $43.82 and a twelve month high of $73.42. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $4.51 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 0.78 and a beta of 1.03.

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 for the quarter, missing analysts' consensus estimates of $1.38 by ($0.02). Victory Capital had a net margin of 32.90% and a return on equity of 30.28%. The company had revenue of $219.60 million during the quarter, compared to analyst estimates of $226.38 million. During the same period last year, the company earned $1.25 EPS. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.49 per share. This is a boost from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, June 10th. This represents a $1.96 dividend on an annualized basis and a yield of 2.9%. Victory Capital's dividend payout ratio is currently 43.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VCTR shares. Royal Bank Of Canada lifted their price objective on Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Barclays increased their target price on Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. B. Riley increased their price target on Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen cut Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. lowered their target price on Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Victory Capital presently has an average rating of "Moderate Buy" and an average target price of $72.22.

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.