Argent Capital Management LLC boosted its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 10.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,827 shares of the company's stock after buying an additional 11,118 shares during the quarter. Argent Capital Management LLC owned approximately 0.18% of Victory Capital worth $7,844,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Redhawk Wealth Advisors Inc. lifted its holdings in Victory Capital by 9.5% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 26,193 shares of the company's stock valued at $1,715,000 after purchasing an additional 2,278 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Victory Capital by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company's stock worth $20,660,000 after buying an additional 11,785 shares in the last quarter. Principal Financial Group Inc. boosted its position in Victory Capital by 1.5% during the third quarter. Principal Financial Group Inc. now owns 47,626 shares of the company's stock worth $2,638,000 after acquiring an additional 722 shares during the last quarter. Franklin Resources Inc. grew its stake in Victory Capital by 113.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock valued at $115,990,000 after acquiring an additional 1,051,459 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in Victory Capital during the 3rd quarter valued at about $918,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.
Victory Capital Trading Up 2.1 %
NASDAQ VCTR traded up $1.32 during trading hours on Thursday, reaching $65.58. The company had a trading volume of 314,105 shares, compared to its average volume of 296,280. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $4.26 billion, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 0.45 and a beta of 0.90. The stock has a 50-day moving average of $65.84 and a 200 day moving average of $58.01. Victory Capital Holdings, Inc. has a 1-year low of $33.39 and a 1-year high of $73.42.
Victory Capital Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.68%. This is a boost from Victory Capital's previous quarterly dividend of $0.41. Victory Capital's dividend payout ratio (DPR) is presently 43.78%.
Wall Street Analyst Weigh In
VCTR has been the topic of several recent research reports. BMO Capital Markets boosted their target price on Victory Capital from $71.00 to $78.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Royal Bank of Canada boosted their price objective on Victory Capital from $61.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. The Goldman Sachs Group raised their target price on Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. B. Riley reissued a "neutral" rating and set a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Finally, Barclays raised their price objective on shares of Victory Capital from $59.00 to $69.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Victory Capital presently has a consensus rating of "Hold" and an average target price of $65.00.
Get Our Latest Analysis on Victory Capital
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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