RMB Capital Management LLC bought a new position in shares of Victory Capital Holdings (NASDAQ:VCTR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 775,551 shares of the company’s stock, valued at approximately $9,539,000. RMB Capital Management LLC owned approximately 1.14% of Victory Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Victory Capital during the first quarter worth $285,000. Northern Trust Corp purchased a new stake in Victory Capital during the first quarter worth $292,000. Quantitative Systematic Strategies LLC purchased a new stake in Victory Capital during the first quarter worth $442,000. New York State Common Retirement Fund purchased a new stake in Victory Capital during the first quarter worth $454,000. Finally, Spark Investment Management LLC purchased a new stake in Victory Capital during the first quarter worth $574,000. Institutional investors own 15.95% of the company’s stock.

In other news, Director Alan Rappaport purchased 10,000 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was bought at an average cost of $10.18 per share, for a total transaction of $101,800.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NASDAQ VCTR opened at $11.04 on Thursday. The firm has a market capitalization of $777.35 million and a PE ratio of 8.83. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78. Victory Capital Holdings has a fifty-two week low of $9.72 and a fifty-two week high of $13.50.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Tuesday, May 8th. The company reported $0.40 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. The firm had revenue of $104.96 million for the quarter, compared to analyst estimates of $105.24 million. research analysts predict that Victory Capital Holdings will post 1.46 earnings per share for the current fiscal year.

Victory Capital announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 22nd that authorizes the company to repurchase $15.00 million in shares. This repurchase authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

A number of research firms have commented on VCTR. Morgan Stanley began coverage on Victory Capital in a research report on Monday, March 5th. They set an “overweight” rating and a $19.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Victory Capital in a research report on Monday, March 5th. They set an “overweight” rating and a $14.50 target price on the stock. Barclays initiated coverage on Victory Capital in a report on Monday, March 5th. They issued an “overweight” rating and a $16.00 price target for the company. Royal Bank of Canada initiated coverage on Victory Capital in a report on Monday, March 5th. They issued an “outperform” rating and a $16.00 price target for the company. Finally, William Blair initiated coverage on Victory Capital in a report on Monday, March 5th. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.31.

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.

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

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