Legacy Wealth Asset Management LLC decreased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 17.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,209 shares of the company's stock after selling 4,130 shares during the quarter. Legacy Wealth Asset Management LLC's holdings in Victory Capital were worth $1,169,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently modified their holdings of VCTR. Covestor Ltd grew its stake in shares of Victory Capital by 3,207.1% in the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after purchasing an additional 449 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of Victory Capital in the first quarter worth $34,000. Principal Securities Inc. grew its stake in shares of Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after purchasing an additional 157 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Victory Capital in the fourth quarter valued at $43,000. Finally, Convergence Investment Partners LLC acquired a new stake in shares of Victory Capital in the fourth quarter valued at $193,000. Institutional investors own 87.71% of the company's stock.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. UBS Group cut their price objective on Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Wall Street Zen lowered Victory Capital from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Bank of America decreased their price target on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. JPMorgan Chase & Co. decreased their price target on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, Barclays lifted their price target on shares of Victory Capital from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $71.56.
View Our Latest Stock Analysis on VCTR
Victory Capital Trading Up 1.0%
Shares of NASDAQ VCTR traded up $0.64 during mid-day trading on Thursday, hitting $63.23. 65,596 shares of the company traded hands, compared to its average volume of 302,197. The business has a 50 day moving average of $58.90 and a two-hundred day moving average of $62.70. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 0.55 and a beta of 1.05. 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 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 data on Thursday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.02). The business had revenue of $219.60 million during the quarter, compared to analysts' expectations of $226.38 million. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The firm's revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 earnings per share. On average, sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share 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. Investors of record on Tuesday, June 10th will be paid 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 yield of 3.10%. The ex-dividend date of this dividend is Tuesday, June 10th. Victory Capital's dividend payout ratio is currently 43.65%.
About Victory Capital
(
Free Report)
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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