Ritholtz Wealth Management Acquires 5,667 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Ritholtz Wealth Management lifted its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 81.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,627 shares of the company’s stock after buying an additional 5,667 shares during the quarter. Ritholtz Wealth Management’s holdings in Victory Capital were worth $731,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Principal Securities Inc. boosted its stake in Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after buying an additional 157 shares during the last quarter. Bosun Asset Management LLC raised its holdings in shares of 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 buying an additional 176 shares during the period. Pictet Asset Management Holding SA raised its holdings 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 buying an additional 218 shares during the period. Summit Investment Advisors Inc. increased its holdings in Victory Capital by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company’s stock worth $282,000 after purchasing an additional 273 shares during the period. Finally, Moody National Bank Trust Division increased its holdings in 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. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

VCTR stock opened at $62.67 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50 day simple moving average of $60.38 and a 200-day simple moving average of $62.28. The firm has a market capitalization of $4.21 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.50 and a beta of 1.04. 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 released its quarterly earnings data on Thursday, May 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.02). Victory Capital had a net margin of 32.90% and a return on equity of 30.28%. The business had revenue of $219.60 million during the quarter, compared to analyst estimates of $226.38 million. During the same quarter in the prior year, the company posted $1.25 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. Equities 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.13%. This is a boost from Victory Capital’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, June 10th. Victory Capital’s dividend payout ratio is 43.65%.

Wall Street Analyst Weigh In

VCTR has been the topic of several recent research reports. B. Riley increased 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, May 15th. Wall Street Zen cut Victory Capital from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Barclays lifted their price target on Victory Capital from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Bank of America decreased their price objective on Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Finally, UBS Group cut their price target on Victory Capital from $71.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Victory Capital currently has an average 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.