Jefferies Financial Group Inc. Acquires New Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Jefferies Financial Group Inc. acquired a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,935 shares of the company’s stock, valued at approximately $389,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd lifted its holdings in Victory Capital by 3,207.1% during the 4th quarter. Covestor Ltd now owns 463 shares of the company’s stock valued at $30,000 after buying an additional 449 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of 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 purchasing an additional 157 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Victory Capital in the 4th quarter valued at about $43,000. Convergence Investment Partners LLC bought a new stake in shares of Victory Capital in the 4th quarter valued at about $193,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Victory Capital in the 4th quarter valued at about $211,000. Institutional investors own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Bank of America reduced their price target on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. BMO Capital Markets boosted their price target on shares of Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a report on Monday, February 10th. B. Riley boosted their price target on shares of Victory Capital from $70.00 to $74.00 and gave the company a “buy” rating in a report on Thursday. UBS Group cut their price objective on shares of Victory Capital from $71.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Finally, Barclays lifted their price objective 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, May 12th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Victory Capital presently has an average rating of “Moderate Buy” and a consensus price target of $71.56.

Victory Capital Stock Up 0.2%

Shares of Victory Capital stock opened at $63.93 on Friday. The company has a market cap of $4.07 billion, a P/E ratio of 14.63, a PEG ratio of 0.55 and a beta of 1.05. Victory Capital Holdings, Inc. has a 52-week low of $43.82 and a 52-week high of $73.42. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm’s 50 day moving average price is $58.19 and its 200-day moving average price is $62.78.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Thursday, May 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate 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 firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 EPS. On average, sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Tuesday, June 10th. This is an increase from Victory Capital’s previous quarterly dividend of $0.47. Victory Capital’s payout ratio is currently 43.65%.

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.