Allspring Global Investments Holdings LLC Buys 922 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Allspring Global Investments Holdings LLC increased its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,655 shares of the company’s stock after acquiring an additional 922 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Victory Capital were worth $367,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Victory Capital during the 3rd quarter valued at $156,000. Denali Advisors LLC lifted its holdings in Victory Capital by 12.2% during the third quarter. Denali Advisors LLC now owns 131,818 shares of the company’s stock valued at $4,395,000 after purchasing an additional 14,300 shares during the last quarter. Raymond James & Associates lifted its holdings in Victory Capital by 37.1% during the third quarter. Raymond James & Associates now owns 21,098 shares of the company’s stock valued at $703,000 after purchasing an additional 5,713 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Victory Capital by 4.2% during the third quarter. Bank of New York Mellon Corp now owns 545,269 shares of the company’s stock valued at $18,179,000 after purchasing an additional 22,192 shares during the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of Victory Capital by 64.1% during the third quarter. New York State Teachers Retirement System now owns 2,461 shares of the company’s stock valued at $82,000 after buying an additional 961 shares during the period. Institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Up 2.9 %

Shares of NASDAQ VCTR opened at $51.58 on Friday. Victory Capital Holdings, Inc. has a one year low of $27.73 and a one year high of $51.67. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.66. The firm’s 50 day simple moving average is $41.61 and its two-hundred day simple moving average is $35.92. The stock has a market capitalization of $3.32 billion, a P/E ratio of 16.48, a PEG ratio of 0.45 and a beta of 1.00.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The firm had revenue of $205.80 million during the quarter, compared to analyst estimates of $204.20 million. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, analysts expect that Victory Capital Holdings, Inc. will post 5.14 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 2.60%. This is an increase from Victory Capital’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, March 8th. Victory Capital’s payout ratio is presently 42.81%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley upped their price target on Victory Capital from $30.00 to $32.00 and gave the company an “underweight” rating in a research report on Wednesday, April 17th. BMO Capital Markets upped their price objective on shares of Victory Capital from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Royal Bank of Canada upped their price objective on shares of Victory Capital from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. UBS Group upped their price objective on shares of Victory Capital from $37.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Finally, B. Riley upped their price objective on shares of Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.67.

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.