Spark Investment Management LLC boosted its holdings in shares of Victory Capital Holdings Inc (NASDAQ:VCTR) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,940 shares of the company’s stock after acquiring an additional 2,640 shares during the quarter. Spark Investment Management LLC owned 0.08% of Victory Capital worth $825,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of VCTR. First Trust Advisors LP lifted its holdings in shares of Victory Capital by 32.3% in the 4th quarter. First Trust Advisors LP now owns 25,929 shares of the company’s stock worth $265,000 after buying an additional 6,328 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Victory Capital by 54.8% in the 4th quarter. New York State Common Retirement Fund now owns 37,564 shares of the company’s stock worth $384,000 after buying an additional 13,295 shares during the period. Bailard Inc. lifted its holdings in shares of Victory Capital by 50.9% in the 4th quarter. Bailard Inc. now owns 43,900 shares of the company’s stock worth $449,000 after buying an additional 14,800 shares during the period. BlackRock Inc. lifted its holdings in shares of Victory Capital by 74.2% in the 4th quarter. BlackRock Inc. now owns 40,319 shares of the company’s stock worth $412,000 after buying an additional 17,177 shares during the period. Finally, Nordea Investment Management AB purchased a new stake in shares of Victory Capital in the 4th quarter worth $189,000. Institutional investors own 14.65% of the company’s stock.
VCTR has been the subject of a number of analyst reports. Zacks Investment Research cut Victory Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Oppenheimer initiated coverage on Victory Capital in a research note on Tuesday. They set a “market perform” rating for the company. B. Riley initiated coverage on Victory Capital in a research report on Wednesday, March 27th. They set a “buy” rating and a $20.00 target price on the stock. Sandler O’Neill reaffirmed a “buy” rating on shares of Victory Capital in a research report on Friday, March 15th. Finally, Morgan Stanley lowered Victory Capital from an “overweight” rating to an “equal weight” rating in a research report on Thursday, April 11th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $15.69.
Victory Capital stock traded down $0.06 during midday trading on Friday, hitting $17.20. 36,586 shares of the company were exchanged, compared to its average volume of 95,786. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 11.78 and a beta of 1.79. Victory Capital Holdings Inc has a fifty-two week low of $7.27 and a fifty-two week high of $18.80. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.57.
Victory Capital (NASDAQ:VCTR) last posted its earnings results on Tuesday, May 14th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The firm had revenue of $87.48 million for the quarter, compared to analyst estimates of $91.04 million. Victory Capital had a return on equity of 23.34% and a net margin of 17.10%. Equities analysts expect that Victory Capital Holdings Inc will post 2.13 EPS for the current year.
Victory Capital 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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