Ameriprise Financial Inc. Grows Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Ameriprise Financial Inc. boosted its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 197.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,197 shares of the company's stock after buying an additional 7,433 shares during the quarter. Ameriprise Financial Inc.'s holdings in Victory Capital were worth $733,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Aptus Capital Advisors LLC acquired a new stake in shares of Victory Capital during the fourth quarter worth $5,244,000. Northern Trust Corp boosted its holdings in shares of Victory Capital by 5.7% during the fourth quarter. Northern Trust Corp now owns 435,766 shares of the company's stock worth $28,525,000 after purchasing an additional 23,463 shares during the last quarter. Nebula Research & Development LLC boosted its holdings in shares of Victory Capital by 47.4% during the fourth quarter. Nebula Research & Development LLC now owns 26,382 shares of the company's stock worth $1,727,000 after purchasing an additional 8,486 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Victory Capital by 966.9% during the fourth quarter. Voya Investment Management LLC now owns 141,799 shares of the company's stock worth $9,282,000 after purchasing an additional 128,508 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Victory Capital by 32.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,261 shares of the company's stock worth $1,916,000 after purchasing an additional 7,158 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

Victory Capital Trading Up 0.3%

Shares of VCTR traded up $0.18 during trading hours on Wednesday, hitting $62.59. The stock had a trading volume of 168,409 shares, compared to its average volume of 348,516. 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 market cap of $4.21 billion, a P/E ratio of 14.32, a P/E/G ratio of 0.55 and a beta of 1.05. The company's fifty day simple moving average is $58.80 and its 200 day simple moving average is $62.70. Victory Capital Holdings, Inc. has a 12-month low of $43.82 and a 12-month high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.02). Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. The company had revenue of $219.60 million during the quarter, compared to analysts' expectations of $226.38 million. During the same period last year, the business earned $1.25 earnings per share. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th will be given a $0.49 dividend. 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 annualized dividend and a yield of 3.13%. Victory Capital's dividend payout ratio (DPR) is 43.65%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VCTR shares. JPMorgan Chase & Co. decreased their price objective on Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Bank of America decreased their price objective on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Royal Bank of Canada increased their target price on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. B. Riley increased their target price on Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen lowered Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Victory Capital has an average 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.