Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 58.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,884 shares of the company's stock after purchasing an additional 13,295 shares during the period. Deutsche Bank AG owned 0.06% of Victory Capital worth $2,349,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in shares of Victory Capital by 10.9% during the 4th quarter. Principal Financial Group Inc. now owns 52,830 shares of the company's stock valued at $3,458,000 after buying an additional 5,204 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Victory Capital by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 492,045 shares of the company's stock valued at $32,209,000 after buying an additional 37,715 shares in the last quarter. Barclays PLC increased its holdings in Victory Capital by 110.6% in the 3rd quarter. Barclays PLC now owns 99,367 shares of the company's stock worth $5,506,000 after acquiring an additional 52,191 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Victory Capital by 650.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,948 shares of the company's stock worth $586,000 after acquiring an additional 7,756 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in Victory Capital by 30.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 32,842 shares of the company's stock valued at $2,150,000 after purchasing an additional 7,712 shares in the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Victory Capital Trading Down 0.5%

Shares of Victory Capital stock traded down $0.28 during trading on Friday, hitting $61.09. The stock had a trading volume of 393,130 shares, compared to its average volume of 352,494. The stock has a market cap of $4.11 billion, a PE ratio of 13.98, a PEG ratio of 0.55 and a beta of 1.05. Victory Capital Holdings, Inc. has a 12 month low of $43.82 and a 12 month high of $73.42. The firm's fifty day simple moving average is $58.63 and its 200-day simple moving average is $62.83. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.36 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 the consensus estimate of $226.38 million. During the same period in the prior year, the company posted $1.25 EPS. The company's quarterly revenue was up 1.7% compared to the same quarter last year. As a group, sell-side analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be issued a $0.49 dividend. This is an increase from Victory Capital's previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Tuesday, June 10th. Victory Capital's payout ratio is presently 43.65%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VCTR. Bank of America decreased their target price on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. UBS Group cut their price target on Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Barclays increased their target price 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. B. Riley boosted their price target on shares of Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, BMO Capital Markets increased 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. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $71.56.

Victory Capital 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.