QRG Capital Management Inc. increased its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR – Free Report) by 10.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The company owned 9,202 shares of the company after purchasing an additional 839 shares during the quarter. QRG Capital Management Inc.’s stake in Victory Capital was worth $390,000 at the time of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VCTR. Federated Hermes Inc. increased its position in shares of Victory Capital by 1.3% in the fourth quarter. Federated Hermes Inc. now owns 28,896 shares of the company’s stock worth $995,000 after purchasing an additional 383 shares during the period. Blue Trust Inc. increased its position in Victory Capital by 93.5% in the fourth quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock worth $41,000 after purchasing an additional 602 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Victory Capital by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 10,655 shares of the company’s stock worth $367,000 after purchasing an additional 922 shares during the period. Arizona State Retirement System increased its stake in Victory Capital by 20.7% in the 4th quarter. Arizona State Retirement System now owns 9,193 shares of the company’s stock worth $317,000 after buying an additional 1,575 shares during the period. Finally, Argent Capital Management LLC increased its stake in Victory Capital by 1.9% in the fourth quarter. Argent Capital Management LLC now owns 91,566 shares of the company’s stock worth $3,154,000 after buying an additional 1,682 shares during the period. 87.71% of the stock is held by institutional investors.

Victory Capital shares down 0.6%

Shares of NASDAQ VCTR opened at $51.58 on Friday. The company has a market cap of $3.34 billion, a price to earnings ratio of 15.82, a PEG ratio of 0.59 and a beta of 0.93. The company has a 50-day simple moving average of $50.23 and a 200-day simple moving average of $43.70. Victory Capital Holdings, Inc. has a 1-year low of $28.66 and a 1-year high of $54.94. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.71 and a quick ratio of 0.71.

Victory Capital (NASDAQ:VCTR – Get Free Report) last released its earnings results on Thursday, May 9. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. Victory Capital had a net margin of 26.28% and a return on equity of 29.23%. The company had revenue of $215.86 million for the quarter, compared to the consensus estimate of $219.14 million. Research analysts expect Victory Capital Holdings, Inc. to post 5.16 EPS for the current year.

Victory Capital increases dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th were paid a dividend of $0.37 per share. This is a positive change from Victory Capital’s previous quarterly dividend of $0.34. The ex-dividend date for this dividend was Monday, June 10th. This represents an annualized dividend of $1.48 and a yield of 2.87%. Victory Capital’s dividend payout ratio is currently 45.40%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VCTR stock. BMO Capital Markets affirmed an “outperform” rating and gave a $57.00 price target (up from $55.00) on shares of Victory Capital in a research report on Monday, May 13th. Bank of America lowered their price target on Victory Capital from $59.00 to $58.00 and set a “buy” rating on the company in a research report on Friday, July 12th. Royal Bank of Canada increased their price target on Victory Capital from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. JPMorgan Chase & Co. increased their price target on Victory Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Finally, UBS Group lowered their price target on Victory Capital from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, and four have given a buy rating to the company. The firm currently has a consensus rating of “Hold” and an average price target of $51.57, according to MarketBeat.

Read our latest stock report on Victory Capital

Company Profile Victory Capital

(Free Report)

Victory Capital Holdings, Inc., together with its subsidiaries, operates as an asset management firm in the United States and internationally. It provides investment advisory, fund administration, fund compliance, fund transfer agency, fund distribution and other management services. The firm offers specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors.

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