Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can grew its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 196.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 128,850 shares of the company's stock after acquiring an additional 85,397 shares during the period. Bank of Montreal Can owned 0.20% of Victory Capital worth $8,435,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in VCTR. Franklin Resources Inc. raised its stake in Victory Capital by 113.2% during the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock worth $115,990,000 after buying an additional 1,051,459 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Victory Capital during the fourth quarter worth $17,755,000. TimesSquare Capital Management LLC raised its stake in shares of Victory Capital by 20.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company's stock worth $63,899,000 after purchasing an additional 166,265 shares during the period. Bahl & Gaynor Inc. increased its holdings in Victory Capital by 10.9% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock worth $101,949,000 after buying an additional 153,459 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its stake in Victory Capital by 599.7% in the fourth quarter. Annex Advisory Services LLC now owns 173,562 shares of the company's stock valued at $11,361,000 after acquiring an additional 148,756 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

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Victory Capital Stock Up 2.9 %

NASDAQ:VCTR traded up $1.63 during midday trading on Tuesday, reaching $57.40. 437,347 shares of the stock traded hands, compared to its average volume of 383,380. The business has a 50-day moving average of $60.63 and a two-hundred day moving average of $62.71. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital Holdings, Inc. has a 12-month low of $42.10 and a 12-month high of $73.42. The stock has a market capitalization of $3.65 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Tuesday, February 18th. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. Victory Capital's payout ratio is currently 43.02%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VCTR. JPMorgan Chase & Co. lifted their price objective on shares of Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Bank of America cut their price objective on Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Barclays raised their price target on Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, February 10th. Morgan Stanley lifted their price target on Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Friday, December 20th. Finally, BMO Capital Markets raised 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $71.44.

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.