Lazard Asset Management LLC Has $8.24 Million Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Lazard Asset Management LLC raised its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 940.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 125,861 shares of the company’s stock after buying an additional 113,767 shares during the quarter. Lazard Asset Management LLC’s holdings in Victory Capital were worth $8,237,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd increased its stake in Victory Capital by 3,207.1% in the 4th quarter. Covestor Ltd now owns 463 shares of the company’s stock valued at $30,000 after buying an additional 449 shares during the period. Principal Securities Inc. increased its stake in Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after buying an additional 157 shares during the period. SBI Securities Co. Ltd. acquired a new position in Victory Capital in the 4th quarter valued at approximately $43,000. Convergence Investment Partners LLC acquired a new position in Victory Capital in the 4th quarter valued at approximately $193,000. Finally, FourThought Financial Partners LLC acquired a new position in Victory Capital in the 4th quarter valued at approximately $211,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Price Performance

NASDAQ VCTR opened at $64.61 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $57.88 and a 200 day simple moving average of $62.74. The company has a market cap of $4.11 billion, a P/E ratio of 14.78, a P/E/G ratio of 0.55 and a beta of 1.05. Victory Capital Holdings, Inc. has a 1 year low of $43.82 and a 1 year high of $73.42.

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

Victory Capital Increases Dividend

The company 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 an increase from Victory Capital’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Tuesday, June 10th. Victory Capital’s dividend payout ratio is currently 43.65%.

Analyst Ratings Changes

Several research analysts have weighed in on VCTR shares. Royal Bank of Canada upped their price objective on shares of Victory Capital from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday. BMO Capital Markets boosted their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Bank of America decreased their target price on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Barclays boosted their target price on shares of Victory Capital from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, UBS Group decreased their target price on shares of Victory Capital from $71.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Victory Capital currently has a consensus rating of “Hold” and an average price target of $70.00.

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.