Seizert Capital Partners LLC Purchases 1,348 Shares of Victory Capital Holdings, Inc. $VCTR

Seizert Capital Partners LLC increased its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,741 shares of the company’s stock after buying an additional 1,348 shares during the quarter. Seizert Capital Partners LLC owned 0.09% of Victory Capital worth $3,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its stake in shares of Victory Capital by 3.5% during the first quarter. Envestnet Asset Management Inc. now owns 128,061 shares of the company’s stock valued at $7,411,000 after acquiring an additional 4,377 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Victory Capital by 4.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 511,553 shares of the company’s stock valued at $29,604,000 after purchasing an additional 19,508 shares during the period. Vicus Capital bought a new position in Victory Capital during the 2nd quarter worth $279,000. Sierra Summit Advisors LLC bought a new position in Victory Capital during the 1st quarter worth $634,000. Finally, Vanguard Group Inc. lifted its holdings in Victory Capital by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 4,095,276 shares of the company’s stock worth $236,994,000 after buying an additional 129,055 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VCTR has been the subject of several recent research reports. Barclays decreased their price target on Victory Capital from $72.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Zacks Research lowered shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Bank of America upped their price objective on shares of Victory Capital from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Victory Capital from $71.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, B. Riley lifted their target price on shares of Victory Capital from $74.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.89.

Victory Capital Price Performance

Victory Capital stock opened at $62.33 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.26 and a quick ratio of 1.26. Victory Capital Holdings, Inc. has a one year low of $47.00 and a one year high of $73.42. The firm has a market capitalization of $4.05 billion, a P/E ratio of 15.90, a PEG ratio of 0.60 and a beta of 1.10. The business has a fifty day moving average price of $65.03 and a 200-day moving average price of $65.72.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Thursday, November 6th. The company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.60 by $0.03. Victory Capital had a return on equity of 24.23% and a net margin of 25.27%.The business had revenue of $361.20 million during the quarter, compared to the consensus estimate of $361.14 million. During the same quarter last year, the company earned $1.35 EPS. The firm’s revenue was up 60.1% compared to the same quarter last year. As a group, equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, December 10th. Victory Capital’s payout ratio is 50.00%.

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.