AlphaQuest LLC grew its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 460.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,591 shares of the company's stock after acquiring an additional 7,057 shares during the quarter. AlphaQuest LLC's holdings in Victory Capital were worth $562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of VCTR. Farther Finance Advisors LLC lifted its position in Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company's stock valued at $32,000 after purchasing an additional 452 shares during the last quarter. Principal Securities Inc. increased its position in shares of Victory Capital by 35.2% during the 4th 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. bought a new position in Victory Capital in the fourth quarter worth approximately $43,000. Quantbot Technologies LP purchased a new stake in Victory Capital in the third quarter worth about $72,000. Finally, FMR LLC increased its holdings 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 during the period. 87.71% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. 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 research report on Tuesday, January 7th. Royal Bank of Canada lifted their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. BMO Capital Markets increased their target price on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised their target price on Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $68.33.
View Our Latest Research Report on Victory Capital
Victory Capital Price Performance
Victory Capital stock traded up $1.44 during midday trading on Friday, reaching $58.06. The company's stock had a trading volume of 104,532 shares, compared to its average volume of 304,581. The stock's 50 day simple moving average is $64.32 and its 200 day simple moving average is $62.03. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $3.78 billion, a PE ratio of 13.24, a P/E/G ratio of 0.55 and a beta of 0.90. Victory Capital Holdings, Inc. has a fifty-two week low of $39.38 and a fifty-two week high of $73.42.
Victory Capital (NASDAQ:VCTR - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. On average, equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.
Victory Capital Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 3.24%. This is an increase from Victory Capital's previous quarterly dividend of $0.44. Victory Capital's dividend payout ratio (DPR) is currently 43.02%.
Victory Capital Company 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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