Weber Alan W bought a new position in shares of Victory Capital Holdings Inc (NASDAQ:VCTR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 117,649 shares of the company’s stock, valued at approximately $1,767,000. Victory Capital makes up about 0.8% of Weber Alan W’s investment portfolio, making the stock its 26th largest holding.

Several other hedge funds have also recently modified their holdings of the stock. Northern Trust Corp grew its stake in shares of Victory Capital by 6.3% during the first quarter. Northern Trust Corp now owns 29,441 shares of the company’s stock worth $443,000 after purchasing an additional 1,753 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in Victory Capital in the first quarter valued at $33,000. Rockefeller Capital Management L.P. purchased a new stake in Victory Capital in the first quarter valued at $40,000. Spark Investment Management LLC lifted its position in Victory Capital by 5.0% in the first quarter. Spark Investment Management LLC now owns 54,940 shares of the company’s stock valued at $825,000 after acquiring an additional 2,640 shares during the last quarter. Finally, Globeflex Capital L P purchased a new stake in Victory Capital in the first quarter valued at $90,000. Hedge funds and other institutional investors own 14.65% of the company’s stock.

VCTR traded down $0.06 on Friday, reaching $17.20. The company had a trading volume of 40,832 shares, compared to its average volume of 86,396. Victory Capital Holdings Inc has a 1 year low of $7.27 and a 1 year high of $18.80. The stock has a market cap of $1.16 billion, a PE ratio of 11.86 and a beta of 1.79. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.25 and a quick ratio of 2.25.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Victory Capital had a net margin of 17.10% and a return on equity of 23.34%. The firm had revenue of $87.48 million during the quarter, compared to analysts’ expectations of $91.04 million. As a group, equities analysts expect that Victory Capital Holdings Inc will post 2.17 EPS for the current fiscal year.

A number of brokerages recently weighed in on VCTR. Zacks Investment Research cut shares of Victory Capital from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Royal Bank of Canada boosted their price target on shares of Victory Capital to $19.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. Oppenheimer began coverage on shares of Victory Capital in a research report on Tuesday, June 11th. They issued a “market perform” rating for the company. Bank of America set a $18.00 price target on shares of Victory Capital and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, B. Riley began coverage on shares of Victory Capital in a research report on Wednesday, March 27th. They issued a “buy” rating and a $20.00 price target for the company. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Victory Capital presently has a consensus rating of “Buy” and a consensus price target of $15.69.

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Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.

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Institutional Ownership by Quarter for Victory Capital (NASDAQ:VCTR)

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