Seizert Capital Partners LLC Has $3.44 Million Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Seizert Capital Partners LLC lifted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 69.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 59,393 shares of the company’s stock after acquiring an additional 24,339 shares during the period. Seizert Capital Partners LLC’s holdings in Victory Capital were worth $3,437,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Covestor Ltd raised its position in Victory Capital by 3,207.1% in the fourth quarter. Covestor Ltd now owns 463 shares of the company’s stock worth $30,000 after purchasing an additional 449 shares in the last quarter. Versant Capital Management Inc acquired a new stake in Victory Capital during the first quarter valued at approximately $34,000. Opal Wealth Advisors LLC bought a new stake in shares of Victory Capital in the 1st quarter valued at approximately $37,000. TD Private Client Wealth LLC raised its holdings in shares of Victory Capital by 17.8% in the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company’s stock worth $126,000 after buying an additional 329 shares in the last quarter. Finally, KBC Group NV bought a new position in shares of Victory Capital during the 1st quarter worth approximately $131,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on VCTR. Royal Bank Of Canada boosted their price target on Victory Capital from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, May 13th. B. Riley increased their target price on shares of Victory Capital from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. UBS Group cut their price target on shares of Victory Capital from $71.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Bank of America reduced their price target on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Finally, Barclays raised their price objective on shares of Victory Capital from $62.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Victory Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.22.

Victory Capital Stock Down 0.0%

Shares of NASDAQ:VCTR opened at $70.04 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. The firm has a market cap of $4.71 billion, a P/E ratio of 15.60, a P/E/G ratio of 0.77 and a beta of 1.03. Victory Capital Holdings, Inc. has a 12 month low of $43.82 and a 12 month high of $73.42. The company’s 50-day moving average price is $64.27 and its two-hundred day moving average price is $62.31.

Victory Capital (NASDAQ:VCTR) last announced its earnings results 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). Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. The company had revenue of $219.60 million for the quarter, compared to analyst estimates of $226.38 million. During the same quarter in the previous year, the company posted $1.25 earnings per share. Victory Capital’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.49 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, June 10th. This represents a $1.96 annualized dividend and a yield of 2.80%. Victory Capital’s dividend payout ratio is currently 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.