Quadrature Capital Ltd Purchases Shares of 19,986 Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Quadrature Capital Ltd purchased a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,986 shares of the company’s stock, valued at approximately $688,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Victory Capital by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company’s stock valued at $110,627,000 after acquiring an additional 104,746 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Victory Capital by 426.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 589,710 shares of the company’s stock valued at $20,310,000 after acquiring an additional 477,798 shares during the period. Granahan Investment Management LLC grew its stake in shares of Victory Capital by 22.0% during the 4th quarter. Granahan Investment Management LLC now owns 1,213,589 shares of the company’s stock valued at $41,796,000 after acquiring an additional 219,025 shares during the period. Argent Capital Management LLC grew its stake in shares of Victory Capital by 1.9% during the 4th quarter. Argent Capital Management LLC now owns 91,566 shares of the company’s stock valued at $3,154,000 after acquiring an additional 1,682 shares during the period. Finally, Basswood Capital Management L.L.C. grew its stake in shares of Victory Capital by 47.4% during the 4th quarter. Basswood Capital Management L.L.C. now owns 369,818 shares of the company’s stock valued at $12,737,000 after acquiring an additional 118,950 shares during the period. 87.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BMO Capital Markets restated an “outperform” rating and issued a $57.00 price target (up from $55.00) on shares of Victory Capital in a research note on Monday, May 13th. Morgan Stanley increased their price objective on shares of Victory Capital from $32.00 to $39.00 and gave the company an “underweight” rating in a report on Wednesday, May 15th. B. Riley increased their price objective on shares of Victory Capital from $48.00 to $57.00 and gave the company a “buy” rating in a report on Friday, April 19th. JPMorgan Chase & Co. increased their price objective on shares of Victory Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, Royal Bank of Canada increased their price objective on shares of Victory Capital from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Victory Capital has a consensus rating of “Hold” and a consensus target price of $49.57.

Victory Capital Stock Up 0.3 %

Shares of VCTR opened at $48.39 on Friday. The company has a market cap of $3.13 billion, a PE ratio of 14.84, a P/E/G ratio of 0.52 and a beta of 0.93. The business has a fifty day moving average of $50.28 and a 200 day moving average of $41.57. Victory Capital Holdings, Inc. has a 52-week low of $28.66 and a 52-week high of $54.94. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.92.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Thursday, May 9th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. Victory Capital had a return on equity of 29.23% and a net margin of 26.28%. The business had revenue of $215.86 million during the quarter, compared to the consensus estimate of $219.14 million. On average, sell-side analysts expect that Victory Capital Holdings, Inc. will post 5.18 EPS for the current year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.48 annualized dividend and a dividend yield of 3.06%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.34. Victory Capital’s dividend payout ratio (DPR) is currently 45.40%.

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.