Barclays PLC cut its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 15.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,421 shares of the company's stock after selling 14,946 shares during the quarter. Barclays PLC owned about 0.13% of Victory Capital worth $5,526,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Summit Investment Advisors Inc. raised its stake in Victory Capital by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company's stock worth $282,000 after purchasing an additional 273 shares during the period. Covestor Ltd raised its position in shares of Victory Capital by 3,207.1% during the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after buying an additional 449 shares during the period. Raymond James Financial Inc. acquired a new position in Victory Capital in the fourth quarter valued at approximately $3,813,000. Legal & General Group Plc grew its position in Victory Capital by 25.7% in the fourth quarter. Legal & General Group Plc now owns 48,065 shares of the company's stock worth $3,146,000 after acquiring an additional 9,812 shares during the period. Finally, Invesco Ltd. increased its stake in Victory Capital by 3.2% during the fourth quarter. Invesco Ltd. now owns 576,921 shares of the company's stock worth $37,765,000 after acquiring an additional 17,621 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. B. Riley reiterated a "neutral" rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. Barclays reduced their price target on shares of Victory Capital from $75.00 to $59.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. BMO Capital Markets increased 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, Bank of America cut their target price on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Five 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 an average target price of $69.67.
Read Our Latest Analysis on VCTR
Victory Capital Stock Down 1.1 %
Victory Capital stock opened at $57.77 on Friday. The firm has a market capitalization of $3.68 billion, a P/E ratio of 13.22, a P/E/G ratio of 0.55 and a beta of 0.86. The stock's fifty day simple moving average is $58.64 and its 200-day simple moving average is $62.70. Victory Capital Holdings, Inc. has a twelve month low of $43.82 and a twelve month high of $73.42. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.
Victory Capital (NASDAQ:VCTR - Get Free Report) last announced 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%. As a group, equities analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.
Victory Capital Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.25%. 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 dividend payout ratio 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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