GAMMA Investing LLC Has $985,000 Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

GAMMA Investing LLC lifted its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 9,300.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,014 shares of the company's stock after buying an additional 16,833 shares during the period. GAMMA Investing LLC's holdings in Victory Capital were worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Victory Capital by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 3,966,221 shares of the company's stock valued at $259,629,000 after acquiring an additional 79,240 shares in the last quarter. Capital World Investors raised its stake in Victory Capital by 0.4% in the fourth quarter. Capital World Investors now owns 3,231,009 shares of the company's stock valued at $211,502,000 after purchasing an additional 11,654 shares in the last quarter. Franklin Resources Inc. raised its stake in Victory Capital by 1.6% in the fourth quarter. Franklin Resources Inc. now owns 2,011,963 shares of the company's stock valued at $131,703,000 after purchasing an additional 31,944 shares in the last quarter. Bahl & Gaynor Inc. lifted its position in Victory Capital by 10.9% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock worth $101,949,000 after purchasing an additional 153,459 shares during the period. Finally, Bank of America Corp DE grew its stake in Victory Capital by 46.8% during the fourth quarter. Bank of America Corp DE now owns 1,438,413 shares of the company's stock worth $94,159,000 after buying an additional 458,534 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Trading Down 0.3%

Shares of NASDAQ VCTR traded down $0.22 during trading on Friday, reaching $62.46. The company had a trading volume of 412,473 shares, compared to its average volume of 307,166. The stock has a market cap of $4.20 billion, a P/E ratio of 13.91, a PEG ratio of 0.51 and a beta of 1.04. The company's fifty day moving average price is $60.55 and its 200-day moving average price is $62.23. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. 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 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). The firm had revenue of $219.60 million for the quarter, compared to analyst estimates of $226.38 million. Victory Capital had a net margin of 32.90% and a return on equity of 30.28%. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 EPS. As a group, research analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current 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 paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.14%. This is an increase from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, June 10th. Victory Capital's payout ratio is currently 43.65%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VCTR. Wall Street Zen cut shares of Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada raised their target price on Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Bank of America lowered their price target on Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. UBS Group dropped their price objective on Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Finally, Barclays lifted 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. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.