Squarepoint Ops LLC boosted its holdings in shares of Victory Capital Holdings Inc (NASDAQ:VCTR) by 167.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 33,574 shares of the company’s stock after purchasing an additional 21,034 shares during the quarter. Squarepoint Ops LLC’s holdings in Victory Capital were worth $343,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP acquired a new stake in shares of Victory Capital during the third quarter worth approximately $187,000. Laurion Capital Management LP acquired a new stake in shares of Victory Capital during the third quarter worth approximately $239,000. Dimensional Fund Advisors LP acquired a new stake in shares of Victory Capital during the third quarter worth approximately $334,000. Bank of America Corp DE increased its holdings in shares of Victory Capital by 357.0% during the fourth quarter. Bank of America Corp DE now owns 35,441 shares of the company’s stock worth $362,000 after buying an additional 27,686 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Victory Capital by 54.8% during the fourth 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 in the last quarter. 13.95% of the stock is owned by institutional investors.
Shares of Victory Capital stock opened at $15.15 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market capitalization of $1.01 billion, a P/E ratio of 10.38 and a beta of 2.03. Victory Capital Holdings Inc has a fifty-two week low of $7.27 and a fifty-two week high of $16.47.
Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Wednesday, February 6th. The company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. The business had revenue of $95.97 million during the quarter, compared to analyst estimates of $98.27 million. Victory Capital had a net margin of 15.41% and a return on equity of 24.19%. Equities analysts predict that Victory Capital Holdings Inc will post 2.14 earnings per share for the current fiscal year.
Several analysts have recently weighed in on VCTR shares. Zacks Investment Research raised shares of Victory Capital from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Tuesday, January 1st. Morgan Stanley set a $15.00 price objective on shares of Victory Capital and gave the stock a “buy” rating in a report on Friday, February 8th. ValuEngine raised shares of Victory Capital from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Sandler O’Neill reaffirmed a “buy” rating on shares of Victory Capital in a report on Friday, March 15th. Finally, B. Riley started coverage on shares of Victory Capital in a report on Wednesday, March 27th. They set a “buy” rating and a $20.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Victory Capital has a consensus rating of “Buy” and a consensus target price of $14.81.
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About Victory Capital
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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