Granahan Investment Management LLC lessened its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,132,997 shares of the company's stock after selling 16,510 shares during the period. Victory Capital makes up approximately 3.1% of Granahan Investment Management LLC's portfolio, making the stock its 2nd biggest holding. Granahan Investment Management LLC owned 1.74% of Victory Capital worth $74,166,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd boosted its stake in shares of Victory Capital by 3,207.1% in the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after buying an additional 449 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after purchasing an additional 157 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Victory Capital in the 4th quarter worth approximately $43,000. Convergence Investment Partners LLC bought a new stake in shares of Victory Capital in the 4th quarter worth approximately $193,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Victory Capital in the 4th quarter worth approximately $211,000. Hedge funds and other institutional investors own 87.71% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target 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. Barclays boosted their target price on shares of Victory Capital from $59.00 to $62.00 and gave the company an "equal weight" rating in a report on Monday. Bank of America lowered their target price on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. UBS Group lowered their target price on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Finally, BMO Capital Markets boosted their target price on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Victory Capital presently has a consensus rating of "Hold" and a consensus price target of $69.67.
Get Our Latest Stock Analysis on VCTR
Victory Capital Price Performance
Shares of VCTR traded up $3.58 during mid-day trading on Monday, reaching $62.72. 324,818 shares of the stock traded hands, compared to its average volume of 355,423. The firm has a fifty day moving average price of $57.62 and a 200 day moving average price of $62.71. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05. 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 released its quarterly earnings results on Thursday, May 8th. The company reported $1.36 EPS 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 analysts' expectations of $226.38 million. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 earnings per share. As a group, equities research analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.
Victory Capital Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.49 per share. This is a positive change from Victory Capital's previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Tuesday, June 10th. Victory Capital's payout ratio is 43.02%.
Victory Capital Profile
(
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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