Two Sigma Advisers LP Has $622,000 Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Two Sigma Advisers LP increased its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 106.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,500 shares of the company’s stock after acquiring an additional 4,900 shares during the quarter. Two Sigma Advisers LP’s holdings in Victory Capital were worth $622,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Barclays PLC grew its holdings in Victory Capital by 110.6% in the 3rd quarter. Barclays PLC now owns 99,367 shares of the company’s stock valued at $5,506,000 after buying an additional 52,191 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Victory Capital by 18.0% during the 4th quarter. Blue Trust Inc. now owns 3,664 shares of the company’s stock worth $240,000 after buying an additional 559 shares during the last quarter. Longboard Asset Management LP bought a new position in Victory Capital in the fourth quarter valued at about $230,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Victory Capital in the fourth quarter valued at about $2,782,000. Finally, Windmill Hill Asset Management Ltd acquired a new position in Victory Capital in the fourth quarter valued at approximately $910,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VCTR has been the topic of several recent analyst reports. UBS Group dropped their price target on Victory Capital from $71.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Wall Street Zen downgraded Victory Capital from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. decreased their price objective on Victory Capital from $69.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. B. Riley upped their price target on Victory Capital from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Finally, Barclays increased their price target on Victory Capital from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.56.

Victory Capital Stock Up 0.6%

Shares of NASDAQ VCTR opened at $62.41 on Wednesday. Victory Capital Holdings, Inc. has a one year low of $43.82 and a one year high of $73.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The business’s fifty day moving average price is $58.80 and its 200-day moving average price is $62.70. The stock has a market capitalization of $4.20 billion, a PE ratio of 14.28, a P/E/G ratio of 0.55 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.02). The company had revenue of $219.60 million for the quarter, compared to analysts’ expectations of $226.38 million. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the company posted $1.25 EPS. On average, equities research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.49 per share. This is a boost from Victory Capital’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.96 dividend on an annualized basis and a yield of 3.14%. Victory Capital’s dividend payout ratio is 43.65%.

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.