Price T Rowe Associates Inc. MD Increases Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Price T Rowe Associates Inc. MD boosted its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 32.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,261 shares of the company's stock after acquiring an additional 7,158 shares during the period. Price T Rowe Associates Inc. MD's holdings in Victory Capital were worth $1,916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in VCTR. Covestor Ltd raised its holdings in shares of Victory Capital by 3,207.1% in the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after acquiring an additional 449 shares during the last quarter. Principal Securities Inc. increased its position 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 purchasing an additional 157 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Victory Capital in the 4th quarter valued at about $43,000. Convergence Investment Partners LLC purchased a new position in Victory Capital in the 4th quarter valued at about $193,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Victory Capital during the 4th quarter worth about $211,000. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Victory Capital Trading Up 3.6%

Shares of VCTR stock traded up $2.25 on Tuesday, reaching $64.97. 101,054 shares of the stock were exchanged, compared to its average volume of 354,574. 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 stock has a market cap of $4.14 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05. The firm has a 50 day moving average of $57.62 and a two-hundred day moving average of $62.71. 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 announced its quarterly earnings results on Thursday, May 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.02). The firm had revenue of $219.60 million for the quarter, compared to analyst estimates of $226.38 million. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The business's revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 earnings per share. On average, research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.02%. This is a boost from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, June 10th. Victory Capital's payout ratio is 43.02%.

Analyst Ratings Changes

VCTR has been the subject of a number of analyst reports. BMO Capital Markets boosted their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Barclays boosted their price target on Victory Capital from $59.00 to $62.00 and gave the company an "equal weight" rating in a report on Monday. JPMorgan Chase & Co. decreased their price objective 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 target price on Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Finally, UBS Group reduced their target price on Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $69.67.

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.