Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Purchased by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. raised its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 822,668 shares of the company’s stock after purchasing an additional 38,895 shares during the period. Bahl & Gaynor Inc.’s holdings in Victory Capital were worth $28,333,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. New York State Common Retirement Fund increased its position in shares of Victory Capital by 10.6% in the 4th quarter. New York State Common Retirement Fund now owns 100,441 shares of the company’s stock worth $3,459,000 after purchasing an additional 9,661 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Victory Capital by 1.3% in the 4th 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Victory Capital by 24.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,856 shares of the company’s stock worth $305,000 after purchasing an additional 1,756 shares during the last quarter. Windmill Hill Asset Management Ltd grew its position in shares of Victory Capital by 54.0% during the 4th quarter. Windmill Hill Asset Management Ltd now owns 33,043 shares of the company’s stock valued at $1,138,000 after buying an additional 11,592 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Victory Capital by 9.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,655 shares of the company’s stock valued at $367,000 after buying an additional 922 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Victory Capital from $40.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. B. Riley boosted their price objective on shares of Victory Capital from $48.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Morgan Stanley boosted their price objective on shares of Victory Capital from $30.00 to $32.00 and gave the company an “underweight” rating in a research report on Wednesday, April 17th. UBS Group boosted their price objective on shares of Victory Capital from $37.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday. Finally, BMO Capital Markets boosted their price objective on shares of Victory Capital from $53.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Victory Capital currently has an average rating of “Hold” and a consensus target price of $46.67.

Victory Capital Stock Performance

Victory Capital stock traded up $1.43 during midday trading on Friday, reaching $51.58. 542,143 shares of the stock traded hands, compared to its average volume of 395,022. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average price of $41.61 and a two-hundred day moving average price of $35.92. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 0.45 and a beta of 1.00. Victory Capital Holdings, Inc. has a fifty-two week low of $27.73 and a fifty-two week high of $51.67.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Friday, February 9th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $205.80 million during the quarter, compared to analyst estimates of $204.20 million. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. Victory Capital’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. On average, equities research analysts forecast that Victory Capital Holdings, Inc. will post 5.14 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were paid a $0.335 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.32. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Friday, March 8th. Victory Capital’s dividend payout ratio is currently 42.81%.

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.