Victory Capital Holdings, Inc. (NASDAQ:VCTR) Stake Boosted by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 0.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 255,321 shares of the company’s stock after purchasing an additional 387 shares during the period. Federated Hermes Inc.’s holdings in Victory Capital were worth $14,775,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd lifted its position in Victory Capital by 3,207.1% during the 4th quarter. Covestor Ltd now owns 463 shares of the company’s stock worth $30,000 after acquiring an additional 449 shares during the last quarter. Versant Capital Management Inc acquired a new position in Victory Capital during the 1st quarter worth $34,000. Opal Wealth Advisors LLC acquired a new position in Victory Capital during the 1st quarter worth $37,000. TD Private Client Wealth LLC lifted its position in Victory Capital by 17.8% during the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company’s stock worth $126,000 after acquiring an additional 329 shares during the last quarter. Finally, KBC Group NV acquired a new position in Victory Capital during the 1st quarter worth $131,000. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Stock Performance

Shares of Victory Capital stock opened at $66.80 on Friday. Victory Capital Holdings, Inc. has a 52 week low of $43.82 and a 52 week high of $73.42. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 0.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a fifty day moving average of $64.83 and a two-hundred day moving average of $62.50.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.02). Victory Capital had a net margin of 32.90% and a return on equity of 30.28%. The firm had revenue of $219.60 million during the quarter, compared to analyst estimates of $226.38 million. During the same period last year, the firm earned $1.25 EPS. Victory Capital’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, equities research analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.49 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 10th. Victory Capital’s payout ratio is currently 43.65%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VCTR. B. Riley upped their price objective on shares of Victory Capital from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Royal Bank Of Canada lifted their target price on Victory Capital from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 13th. Barclays lifted their price objective on Victory Capital from $62.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Wall Street Zen downgraded Victory Capital from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, UBS Group reduced their target price on Victory Capital from $71.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.22.

Victory Capital 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.