Wedge Capital Management L L P NC Raises Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Wedge Capital Management L L P NC increased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 11.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 18,425 shares of the company’s stock after buying an additional 1,830 shares during the period. Wedge Capital Management L L P NC’s holdings in Victory Capital were worth $1,066,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in VCTR. Principal Securities Inc. increased its position 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 during the period. Bosun Asset Management LLC boosted its holdings in Victory Capital by 1.4% in the fourth quarter. Bosun Asset Management LLC now owns 13,016 shares of the company’s stock worth $852,000 after purchasing an additional 176 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in Victory Capital by 4.1% during the fourth 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 during the last quarter. Summit Investment Advisors Inc. increased its position in Victory Capital by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company’s stock worth $282,000 after buying an additional 273 shares during the period. Finally, Moody National Bank Trust Division increased its holdings in shares of Victory Capital by 0.4% during the 1st quarter. Moody National Bank Trust Division now owns 81,175 shares of the company’s stock worth $4,698,000 after purchasing an additional 291 shares during the period. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Trading Up 1.7%

Shares of VCTR opened at $63.30 on Thursday. The firm has a market cap of $4.26 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 0.55 and a beta of 1.04. The company has a 50 day simple moving average of $59.54 and a two-hundred day simple moving average of $62.59. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital Holdings, Inc. has a 1 year low of $43.82 and a 1 year high of $73.42.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.02). Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The company had revenue of $219.60 million during the quarter, compared to the consensus estimate of $226.38 million. During the same quarter in the prior year, the business earned $1.25 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently announced 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 an increase from Victory Capital’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, June 10th. This represents a $1.96 dividend on an annualized basis and a yield of 3.10%. Victory Capital’s dividend payout ratio (DPR) is 43.65%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on VCTR shares. Wall Street Zen downgraded shares of Victory Capital from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. 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. B. Riley boosted their price target on Victory Capital from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. cut their price objective on shares of Victory Capital from $69.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Finally, Royal Bank of Canada lifted their price target on shares of Victory Capital from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.56.

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.