Victory Capital Management Inc. Purchases 45,133 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Victory Capital Management Inc. raised its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 491.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,317 shares of the company's stock after acquiring an additional 45,133 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of Victory Capital worth $3,143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of VCTR. Covestor Ltd lifted its holdings in shares of Victory Capital by 3,207.1% during the 4th 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 purchased a new stake in Victory Capital in the first quarter valued at about $34,000. Opal Wealth Advisors LLC purchased a new stake in Victory Capital in the first quarter valued at about $37,000. TD Private Client Wealth LLC boosted its holdings in Victory Capital by 17.8% in the first quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock worth $126,000 after acquiring an additional 329 shares in the last quarter. Finally, KBC Group NV purchased a new stake in shares of Victory Capital during the first quarter worth about $131,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VCTR shares. Wall Street Zen downgraded shares of Victory Capital from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Bank of America cut 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 note on Thursday, April 3rd. Royal Bank Of Canada raised their price target on shares of Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price objective on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, B. Riley raised their target price on Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $72.22.

Victory Capital Stock Up 1.7%

NASDAQ:VCTR opened at $70.64 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.09. The company's fifty day moving average price is $64.16 and its 200-day moving average price is $62.25. Victory Capital Holdings, Inc. has a 1-year low of $43.82 and a 1-year high of $73.42. The firm has a market capitalization of $4.75 billion, a P/E ratio of 15.73, a PEG ratio of 0.78 and a beta of 1.03.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.36 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 net margin of 32.90% and a return on equity of 30.28%. Victory Capital's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 earnings per share. As a group, equities research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.77%. This is a positive change from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, June 10th. Victory Capital's dividend payout ratio (DPR) is 43.65%.

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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