Seizert Capital Partners LLC acquired a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 35,054 shares of the company's stock, valued at approximately $2,295,000. Seizert Capital Partners LLC owned about 0.05% of Victory Capital at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC grew its position in Victory Capital by 367.5% in the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company's stock worth $32,000 after buying an additional 452 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after purchasing an additional 157 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Victory Capital in the 4th quarter valued at $43,000. Quantbot Technologies LP purchased a new position in Victory Capital in the 3rd quarter worth about $72,000. Finally, FMR LLC lifted its stake in Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company's stock valued at $74,000 after buying an additional 206 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
VCTR has been the subject of a number of research analyst reports. B. Riley restated a "neutral" rating and issued a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. JPMorgan Chase & Co. increased their price objective on Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. Barclays lifted their target price on Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Royal Bank of Canada increased their price target on shares of Victory Capital from $61.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group boosted their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $68.33.
Get Our Latest Stock Report on VCTR
Victory Capital Stock Performance
Shares of VCTR stock traded up $0.67 during trading on Friday, reaching $58.49. The company had a trading volume of 337,992 shares, compared to its average volume of 298,870. The firm's 50 day simple moving average is $65.19 and its two-hundred day simple moving average is $61.90. Victory Capital Holdings, Inc. has a one year low of $39.26 and a one year high of $73.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $3.80 billion, a PE ratio of 13.38, a PEG ratio of 0.55 and a beta of 0.90.
Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. Sell-side analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.
Victory Capital Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.21%. This is a boost from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, February 18th. Victory Capital's dividend payout ratio is 43.02%.
Victory Capital Profile
(
Free Report)
Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.
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