Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 9,300.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,014 shares of the company's stock after purchasing an additional 16,833 shares during the quarter. GAMMA Investing LLC's holdings in Victory Capital were worth $985,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Covestor Ltd boosted its position in Victory Capital by 3,207.1% during the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after purchasing an additional 449 shares during the last quarter. Versant Capital Management Inc bought a new position in Victory Capital during the first quarter valued at about $34,000. Principal Securities Inc. boosted its holdings in Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after purchasing an additional 157 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Victory Capital in the 4th quarter worth approximately $43,000. Finally, Convergence Investment Partners LLC acquired a new position in shares of Victory Capital in the 4th quarter worth approximately $193,000. 87.71% of the stock is owned by institutional investors.

Victory Capital Stock Performance

Shares of Victory Capital stock opened at $62.36 on Tuesday. The company has a market cap of $4.19 billion, a P/E ratio of 14.27, a PEG ratio of 0.55 and a beta of 1.04. The business has a 50-day moving average price of $60.21 and a two-hundred day moving average price of $62.28. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a 1-year low of $43.82 and a 1-year high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.36 earnings per share 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 business had revenue of $219.60 million during the quarter, compared to the consensus estimate of $226.38 million. During the same period in the previous year, the business posted $1.25 EPS. Victory Capital's revenue was up 1.7% compared to the same quarter last year. As a group, analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.96 annualized dividend and a dividend yield of 3.14%. This is a boost from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's dividend payout ratio (DPR) is currently 43.65%.

Wall Street Analyst Weigh In

A number of analysts recently commented on VCTR shares. B. Riley upped their price objective on shares of Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen downgraded shares of Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Bank of America dropped their price target on shares of 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 upped their target price on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Finally, Barclays upped their price target on shares of Victory Capital from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.

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