Brandywine Global Investment Management LLC lessened its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,294 shares of the company's stock after selling 7,411 shares during the period. Brandywine Global Investment Management LLC owned 0.24% of Victory Capital worth $10,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Principal Securities Inc. lifted its holdings in shares of 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 fourth quarter valued at about $43,000. Quantbot Technologies LP purchased a new stake in Victory Capital in the third quarter valued at about $72,000. FMR LLC boosted its holdings in Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company's stock worth $74,000 after acquiring an additional 206 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of Victory Capital by 33.9% during the third 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 during the last quarter. 87.71% of the stock is currently owned by institutional investors.
Victory Capital Stock Performance
Shares of NASDAQ VCTR traded down $3.18 during trading on Friday, reaching $51.71. 446,590 shares of the company traded hands, compared to its average volume of 381,286. The stock has a market cap of $3.29 billion, a P/E ratio of 11.83, a PEG ratio of 0.55 and a beta of 0.86. The firm's fifty day simple moving average is $62.57 and its 200 day simple moving average is $62.79. 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 Holdings, Inc. has a 12-month low of $42.10 and a 12-month high of $73.42.
Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share 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, research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.
Victory Capital Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a $0.47 dividend. This is a boost from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Tuesday, February 18th. Victory Capital's payout ratio is currently 43.02%.
Analyst Upgrades and Downgrades
VCTR has been the subject of several research analyst reports. Bank of America decreased their price objective on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a research report on Thursday. Morgan Stanley raised their price target on shares of Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. B. Riley reissued a "neutral" rating and set a $60.00 price objective (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. BMO Capital Markets upped their target price on Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Finally, Barclays boosted their price target on Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $71.44.
Check Out Our Latest Stock Report on VCTR
About Victory Capital
(
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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