UBS Group AG Has $13.42 Million Stock Holdings in Victory Capital Holdings, Inc. $VCTR

UBS Group AG trimmed its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 45.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,767 shares of the company’s stock after selling 180,713 shares during the period. UBS Group AG’s holdings in Victory Capital were worth $13,423,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Victory Capital by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock valued at $303,769,000 after acquiring an additional 73,142 shares during the period. Capital World Investors raised its position in shares of Victory Capital by 4.1% in the 3rd quarter. Capital World Investors now owns 3,612,269 shares of the company’s stock valued at $233,931,000 after acquiring an additional 143,615 shares during the period. Bahl & Gaynor Inc. raised its position in shares of Victory Capital by 4.8% in the 3rd quarter. Bahl & Gaynor Inc. now owns 1,723,897 shares of the company’s stock valued at $111,640,000 after acquiring an additional 79,013 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Victory Capital by 7.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,523,324 shares of the company’s stock valued at $98,652,000 after acquiring an additional 102,828 shares during the period. Finally, State Street Corp raised its position in shares of Victory Capital by 3.3% in the 2nd quarter. State Street Corp now owns 1,239,361 shares of the company’s stock valued at $78,910,000 after acquiring an additional 39,986 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on VCTR shares. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a report on Monday, April 20th. Morgan Stanley set a $76.00 target price on shares of Victory Capital in a report on Friday, May 1st. Wall Street Zen downgraded shares of Victory Capital from a “buy” rating to a “hold” rating in a report on Monday, April 6th. Barclays raised their target price on shares of Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $95.00 target price on shares of Victory Capital in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.71.

Victory Capital Stock Performance

Shares of VCTR stock opened at $87.93 on Friday. The company has a market capitalization of $5.63 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 0.98 and a beta of 1.09. Victory Capital Holdings, Inc. has a 52 week low of $57.03 and a 52 week high of $88.73. The company’s 50 day moving average price is $71.88 and its two-hundred day moving average price is $68.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.13.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.19. The company had revenue of $387.99 million during the quarter, compared to analysts’ expectations of $364.97 million. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The business’s quarterly revenue was up 76.7% on a year-over-year basis. During the same period last year, the business earned $1.36 EPS. On average, analysts expect that Victory Capital Holdings, Inc. will post 6.73 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. Victory Capital’s dividend payout ratio (DPR) is 44.14%.

Victory Capital Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.