Bahl & Gaynor Inc. Buys 153,459 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Bahl & Gaynor Inc. boosted its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 10.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,557,425 shares of the company's stock after buying an additional 153,459 shares during the period. Bahl & Gaynor Inc. owned 2.39% of Victory Capital worth $101,949,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. World Investment Advisors LLC acquired a new position in Victory Capital during the third quarter worth about $918,000. Geode Capital Management LLC raised its holdings in shares of Victory Capital by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company's stock worth $57,446,000 after purchasing an additional 101,247 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in Victory Capital during the third quarter valued at approximately $565,000. Royce & Associates LP bought a new stake in Victory Capital during the third quarter worth approximately $7,755,000. Finally, Bank of Montreal Can grew its position in Victory Capital by 282.0% in the third quarter. Bank of Montreal Can now owns 43,453 shares of the company's stock worth $2,412,000 after buying an additional 32,079 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

Victory Capital Stock Up 1.2 %

NASDAQ:VCTR traded up $0.67 during mid-day trading on Friday, reaching $58.49. The stock had a trading volume of 337,992 shares, compared to its average volume of 298,870. The stock has a market cap of $3.80 billion, a P/E ratio of 13.38, a PEG ratio of 0.55 and a beta of 0.90. The business's 50 day moving average is $65.19 and its 200 day moving average is $61.90. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital Holdings, Inc. has a fifty-two week low of $39.26 and a fifty-two week high of $73.42.

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Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. As a group, sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a $0.47 dividend. This is an increase from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Tuesday, February 18th. Victory Capital's payout ratio is currently 43.02%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VCTR. B. Riley reissued a "neutral" rating and set a $60.00 price objective (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Barclays raised their target price on shares of Victory Capital from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, February 10th. Royal Bank of Canada upped their price target on shares of Victory Capital from $61.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. BMO Capital Markets lifted their price objective 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. Finally, JPMorgan Chase & Co. increased their target price on Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $68.33.

Victory Capital Company Profile

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.