Deutsche Bank AG Buys 13,295 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Deutsche Bank AG increased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 58.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,884 shares of the company's stock after purchasing an additional 13,295 shares during the quarter. Deutsche Bank AG owned approximately 0.06% of Victory Capital worth $2,349,000 at the end of the most recent reporting period.

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

Victory Capital Stock Down 1.1%

NASDAQ:VCTR traded down $0.67 on Wednesday, hitting $62.23. The stock had a trading volume of 10,911 shares, compared to its average volume of 307,397. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a 52 week low of $43.82 and a 52 week high of $73.42. The business's fifty day moving average is $58.68 and its 200 day moving average is $62.80. The company has a market cap of $4.18 billion, a PE ratio of 14.24, a P/E/G ratio of 0.55 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its 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). The firm 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%. Victory Capital's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. On average, equities research analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.49 per share. 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 3.15%. The ex-dividend date is Tuesday, June 10th. Victory Capital's dividend payout ratio (DPR) is currently 43.65%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Barclays lifted their price objective on Victory Capital from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. B. Riley upped their target price on Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. BMO Capital Markets raised their target price on Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Finally, Bank of America lowered 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. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Victory Capital currently has a consensus rating of "Moderate Buy" and an average price target of $71.56.

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.