Lazard Asset Management LLC Has $8.24 Million Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Lazard Asset Management LLC increased its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 940.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,861 shares of the company's stock after purchasing an additional 113,767 shares during the period. Lazard Asset Management LLC owned approximately 0.19% of Victory Capital worth $8,237,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Principal Securities Inc. lifted its holdings in shares of Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after purchasing an additional 157 shares in the last quarter. Bosun Asset Management LLC lifted its holdings in shares of Victory Capital by 1.4% during the 4th quarter. Bosun Asset Management LLC now owns 13,016 shares of the company's stock valued at $852,000 after purchasing an additional 176 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Victory Capital by 4.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company's stock valued at $366,000 after purchasing an additional 218 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings 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 purchasing an additional 273 shares in the last quarter. Finally, Covestor Ltd lifted its holdings 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 purchasing an additional 449 shares in the last quarter. Institutional investors own 87.71% of the company's stock.

Wall Street Analysts Forecast Growth

VCTR has been the topic of a number of recent research reports. Barclays lifted their target price on Victory Capital from $59.00 to $62.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. B. Riley lifted their target price on Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Thursday. Royal Bank of Canada lifted their target price on Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Bank of America dropped their target price on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. dropped their target price on Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Victory Capital currently has an average rating of "Moderate Buy" and an average target price of $71.56.

Victory Capital Stock Up 0.2%

Shares of NASDAQ:VCTR traded up $0.12 during trading on Friday, hitting $63.93. 227,948 shares of the company were exchanged, compared to its average volume of 354,524. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 0.55 and a beta of 1.05. Victory Capital Holdings, Inc. has a fifty-two week low of $43.82 and a fifty-two week high of $73.42. The firm has a fifty day moving average price of $58.19 and a two-hundred day moving average price of $62.79. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.02). The company 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 firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $1.25 EPS. As a group, research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business 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 is a positive change from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.96 annualized dividend and a dividend yield of 3.07%. Victory Capital's payout ratio is 43.65%.

Victory Capital Company 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.