American Century Companies Inc. lowered its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 66.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,433 shares of the company's stock after selling 24,701 shares during the quarter. American Century Companies Inc.'s holdings in Victory Capital were worth $814,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in VCTR. Principal Securities Inc. boosted its stake in 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. purchased a new stake in Victory Capital in the 4th quarter valued at $43,000. FMR LLC lifted its stake in Victory Capital by 18.1% during the 3rd quarter. FMR LLC now owns 1,341 shares of the company's stock valued at $74,000 after acquiring an additional 206 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of Victory Capital by 33.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company's stock worth $105,000 after acquiring an additional 482 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new position in shares of Victory Capital during the fourth quarter valued at about $193,000. 87.71% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms have commented on VCTR. BMO Capital Markets lifted their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Bank of America cut their price target on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Barclays boosted their target price on shares of Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Finally, B. Riley restated a "neutral" rating and issued a $60.00 target price (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Victory Capital has an average rating of "Hold" and a consensus target price of $71.44.
Check Out Our Latest Stock Analysis on Victory Capital
Victory Capital Stock Up 2.9 %
Victory Capital stock traded up $1.63 during mid-day trading on Tuesday, reaching $57.40. The stock had a trading volume of 437,347 shares, compared to its average volume of 383,120. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 0.55 and a beta of 0.86. 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 50-day moving average price of $60.79 and a two-hundred day moving average price of $62.75. Victory Capital Holdings, Inc. has a one year low of $42.10 and a one year high of $73.42.
Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share 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%. On average, analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.
Victory Capital Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.28%. This is an increase from Victory Capital's previous quarterly dividend of $0.44. Victory Capital's dividend payout ratio (DPR) is 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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