Nebula Research & Development LLC Grows Stock Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Nebula Research & Development LLC increased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 47.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,382 shares of the company's stock after buying an additional 8,486 shares during the quarter. Nebula Research & Development LLC's holdings in Victory Capital were worth $1,727,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Principal Securities Inc. raised its stake in Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after acquiring an additional 157 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of Victory Capital by 4.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company's stock worth $366,000 after purchasing an additional 218 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Victory Capital by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company's stock valued at $282,000 after buying an additional 273 shares in the last quarter. Covestor Ltd lifted its stake 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 buying an additional 449 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Victory Capital by 11.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,730 shares of the company's stock worth $310,000 after buying an additional 495 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Stock Performance

Shares of NASDAQ:VCTR traded up $0.64 during trading on Thursday, hitting $57.93. 95,106 shares of the stock traded hands, compared to its average volume of 360,867. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average price of $58.10 and a two-hundred day moving average price of $62.69. Victory Capital Holdings, Inc. has a 52-week low of $43.82 and a 52-week high of $73.42. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 0.55 and a beta of 0.86.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings data 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 return on equity of 31.08% and a net margin of 32.33%. As a group, equities analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 3.25%. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. Victory Capital's payout ratio is 43.02%.

Analyst Upgrades and Downgrades

VCTR has been the subject of several research analyst reports. Bank of America cut their target price on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. 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. Barclays dropped their price target on Victory Capital from $75.00 to $59.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. B. Riley restated a "neutral" rating and set a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Finally, BMO Capital Markets upped their price objective on Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Five investment 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, Victory Capital presently has a consensus rating of "Hold" and a consensus target price of $69.33.

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.