Gabelli Funds LLC Purchases 7,800 Shares of Victory Capital Holdings, Inc. $VCTR

Gabelli Funds LLC grew its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,556 shares of the company’s stock after purchasing an additional 7,800 shares during the period. Gabelli Funds LLC’s holdings in Victory Capital were worth $6,407,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Victory Capital by 146.4% during the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after purchasing an additional 511 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of Victory Capital by 206.0% in the 2nd quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock valued at $78,000 after acquiring an additional 824 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Victory Capital during the 3rd quarter valued at approximately $81,000. Fifth Third Bancorp raised its position in Victory Capital by 2,954.5% during the 4th quarter. Fifth Third Bancorp now owns 1,344 shares of the company’s stock valued at $85,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Victory Capital during the 3rd quarter valued at approximately $123,000. Institutional investors own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

VCTR has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research report on Monday, April 20th. Barclays upped their price target on Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Wall Street Zen raised Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. upped their target price on Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Victory Capital in a report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Victory Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.71.

Victory Capital Stock Performance

Victory Capital stock opened at $83.65 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $5.23 billion, a P/E ratio of 18.84, a PEG ratio of 0.90 and a beta of 1.09. The stock’s 50 day moving average is $73.09 and its 200 day moving average is $69.04. Victory Capital Holdings, Inc. has a twelve month low of $57.03 and a twelve month high of $88.73.

Victory Capital (NASDAQ:VCTR) last posted 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 for the quarter, compared to the consensus estimate of $364.97 million. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The firm’s quarterly revenue was up 76.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.36 EPS. On average, equities research analysts predict that Victory Capital Holdings, Inc. will post 6.93 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, June 10th. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. Victory Capital’s dividend payout ratio (DPR) is currently 44.14%.

About Victory Capital

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.