Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,756 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 24.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,856 shares of the company’s stock after purchasing an additional 1,756 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Victory Capital were worth $305,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of VCTR. Olympiad Research LP increased its holdings in Victory Capital by 6.0% in the 3rd quarter. Olympiad Research LP now owns 6,910 shares of the company’s stock worth $230,000 after buying an additional 394 shares in the last quarter. Amalgamated Bank grew its stake in shares of Victory Capital by 13.5% in the third quarter. Amalgamated Bank now owns 4,063 shares of the company’s stock worth $135,000 after acquiring an additional 482 shares during the period. Blue Trust Inc. raised its holdings in shares of Victory Capital by 93.5% during the fourth quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock valued at $41,000 after purchasing an additional 602 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Victory Capital by 9.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 9,733 shares of the company’s stock valued at $324,000 after purchasing an additional 844 shares during the period. Finally, Arizona State Retirement System boosted its holdings in Victory Capital by 14.0% in the third quarter. Arizona State Retirement System now owns 7,618 shares of the company’s stock worth $254,000 after purchasing an additional 934 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

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

Victory Capital Stock Up 1.6 %

VCTR stock opened at $52.19 on Monday. The business’s 50-day moving average price is $43.32 and its 200-day moving average price is $36.84. The stock has a market cap of $3.36 billion, a P/E ratio of 16.67, a PEG ratio of 0.47 and a beta of 0.92. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Victory Capital Holdings, Inc. has a twelve month low of $27.73 and a twelve month high of $52.76.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The firm had revenue of $205.80 million for the quarter, compared to the consensus estimate of $204.20 million. During the same period in the previous year, the firm posted $1.03 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities research analysts forecast that Victory Capital Holdings, Inc. will post 5.14 EPS for the current year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from Victory Capital’s previous quarterly dividend of $0.32. This represents a $1.34 dividend on an annualized basis and a yield of 2.57%. Victory Capital’s dividend payout ratio is 42.81%.

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.