Jefferies Financial Group Inc. Purchases New Shares in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Jefferies Financial Group Inc. bought a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,935 shares of the company's stock, valued at approximately $389,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Victory Capital by 110.6% in the 3rd quarter. Barclays PLC now owns 99,367 shares of the company's stock valued at $5,506,000 after buying an additional 52,191 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in shares of Victory Capital by 3.0% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 24,339 shares of the company's stock worth $1,593,000 after purchasing an additional 712 shares during the last quarter. Ritholtz Wealth Management increased its position in Victory Capital by 44.4% during the fourth quarter. Ritholtz Wealth Management now owns 6,960 shares of the company's stock worth $456,000 after buying an additional 2,140 shares during the period. Annex Advisory Services LLC increased its stake in Victory Capital by 599.7% in the fourth quarter. Annex Advisory Services LLC now owns 173,562 shares of the company's stock valued at $11,361,000 after purchasing an additional 148,756 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Victory Capital during the fourth quarter worth about $367,000. Institutional investors and hedge funds own 87.71% of the company's stock.

Victory Capital Stock Down 1.3%

NASDAQ VCTR traded down $0.83 during trading hours on Tuesday, hitting $63.58. 243,575 shares of the company traded hands, compared to its average volume of 353,874. Victory Capital Holdings, Inc. has a twelve month low of $43.82 and a twelve month high of $73.42. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 0.55 and a beta of 1.05. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The business's 50-day moving average is $58.33 and its 200-day moving average is $62.84.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced 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). Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. The firm had revenue of $219.60 million during the quarter, compared to analyst estimates of $226.38 million. During the same quarter in the prior year, the business earned $1.25 EPS. The business's revenue was up 1.7% compared to the same quarter last year. Sell-side analysts anticipate 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. Shareholders of record on Tuesday, June 10th will be paid a $0.49 dividend. This is a positive change from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, June 10th. This represents a $1.96 annualized dividend and a yield of 3.08%. Victory Capital's dividend payout ratio is currently 43.65%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays upped their target price 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. 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. JPMorgan Chase & Co. reduced their target price on Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Bank of America dropped their price objective 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. Finally, Royal Bank of Canada lifted their target price on shares of Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.