Renaissance Technologies LLC Has $2.93 Million Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Renaissance Technologies LLC reduced its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 74.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 44,800 shares of the company's stock after selling 133,401 shares during the period. Renaissance Technologies LLC owned about 0.07% of Victory Capital worth $2,933,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. grew its stake in shares of Victory Capital by 113.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock valued at $115,990,000 after buying an additional 1,051,459 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Victory Capital in the 4th quarter worth about $17,755,000. TimesSquare Capital Management LLC raised its holdings in shares of Victory Capital by 20.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company's stock worth $63,899,000 after purchasing an additional 166,265 shares during the period. Bahl & Gaynor Inc. grew its stake in Victory Capital by 10.9% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock valued at $101,949,000 after purchasing an additional 153,459 shares in the last quarter. Finally, Annex Advisory Services LLC grew its position in shares of Victory Capital by 599.7% in the 4th quarter. Annex Advisory Services LLC now owns 173,562 shares of the company's stock worth $11,361,000 after acquiring an additional 148,756 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VCTR. JPMorgan Chase & Co. reduced their price objective on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday. B. Riley restated a "neutral" rating and set a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Bank of America cut their target price on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Barclays cut their target price on Victory Capital from $75.00 to $59.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, BMO Capital Markets lifted their target price on Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Victory Capital has an average rating of "Hold" and a consensus target price of $68.89.

Victory Capital Price Performance

Shares of NASDAQ:VCTR traded down $1.29 during trading hours on Tuesday, hitting $56.62. 20,759 shares of the company's stock traded hands, compared to its average volume of 304,398. Victory Capital Holdings, Inc. has a 52 week low of $43.82 and a 52 week high of $73.42. 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 company's fifty day simple moving average is $58.44 and its two-hundred day simple moving average is $62.77. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. As a group, equities analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. This is a boost from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 3.32%. Victory Capital's dividend payout ratio (DPR) is currently 43.02%.

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.