Jump Financial LLC Takes Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Jump Financial LLC acquired a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 50,256 shares of the company's stock, valued at approximately $1,731,000. Jump Financial LLC owned 0.08% of Victory Capital at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. boosted its stake in shares of Victory Capital by 1.3% during the 4th quarter. Federated Hermes Inc. now owns 28,896 shares of the company's stock worth $995,000 after acquiring an additional 383 shares in the last quarter. Olympiad Research LP increased its position in shares of Victory Capital by 6.0% during the third quarter. Olympiad Research LP now owns 6,910 shares of the company's stock worth $230,000 after acquiring an additional 394 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Victory Capital by 13.5% during the 3rd quarter. Amalgamated Bank now owns 4,063 shares of the company's stock valued at $135,000 after buying an additional 482 shares during the last quarter. Blue Trust Inc. grew its holdings in Victory Capital by 93.5% during the 4th quarter. Blue Trust Inc. now owns 1,246 shares of the company's stock worth $41,000 after acquiring an additional 602 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Victory Capital by 9.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,733 shares of the company's stock valued at $324,000 after buying an additional 844 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Price Performance

NASDAQ VCTR traded up $0.69 during trading hours on Wednesday, reaching $52.14. 318,137 shares of the company's stock were exchanged, compared to its average volume of 412,283. The firm has a fifty day moving average of $45.39 and a 200-day moving average of $38.04. The stock has a market cap of $3.35 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 0.45 and a beta of 0.92. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.92. Victory Capital Holdings, Inc. has a one year low of $28.66 and a one year high of $52.78.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Monday, June 10th. This is a positive change from Victory Capital's previous quarterly dividend of $0.34. Victory Capital's payout ratio is currently 41.10%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. BMO Capital Markets reiterated an "outperform" rating and set a $57.00 price target (up from $55.00) on shares of Victory Capital in a research report on Monday. B. Riley upped their target price on Victory Capital from $48.00 to $57.00 and gave the stock a "buy" rating in a research report on Friday, April 19th. Morgan Stanley lifted their price objective on shares of Victory Capital from $32.00 to $39.00 and gave the stock an "underweight" rating in a research note on Wednesday. UBS Group upped their target price on Victory Capital from $37.00 to $48.00 and gave the company a "neutral" rating in a report on Monday, April 22nd. Finally, Royal Bank of Canada raised their price objective on shares of Victory Capital from $47.00 to $56.00 and gave the stock an "outperform" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Victory Capital has a consensus rating of "Hold" and a consensus price target of $49.57.

About Victory Capital

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.