C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New $17.76 Million Investment in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 271,232 shares of the company's stock, valued at approximately $17,755,000. Victory Capital makes up about 0.6% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' investment portfolio, making the stock its 28th largest holding. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned 0.42% of Victory Capital as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. World Investment Advisors LLC bought a new stake in Victory Capital in the 3rd quarter worth approximately $918,000. Geode Capital Management LLC increased its stake in 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 acquiring an additional 101,247 shares during the last quarter. McIlrath & Eck LLC bought a new stake in Victory Capital in the 3rd quarter worth approximately $565,000. Royce & Associates LP bought a new stake in Victory Capital in the 3rd quarter worth approximately $7,755,000. Finally, Bank of Montreal Can increased its stake in Victory Capital by 282.0% in the 3rd quarter. Bank of Montreal Can now owns 43,453 shares of the company's stock worth $2,412,000 after acquiring an additional 32,079 shares during the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. The Goldman Sachs Group lifted their price objective on Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Morgan Stanley lifted their price objective 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. BMO Capital Markets lifted their price objective on Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Barclays lifted their price objective on Victory Capital from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, February 10th. Finally, B. Riley reissued a "neutral" rating and set a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Victory Capital currently has an average rating of "Hold" and an average price target of $68.33.

Victory Capital Trading Down 1.9 %

Shares of NASDAQ VCTR traded down $1.29 during trading hours on Friday, hitting $65.38. 214,614 shares of the company traded hands, compared to its average volume of 290,542. The company's 50 day moving average price is $65.73 and its 200 day moving average price is $61.07. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 0.57 and a beta of 0.89. 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 $36.82 and a 12 month high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.44 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 research analysts anticipate that Victory Capital Holdings, Inc. will post 6.06 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently disclosed 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 represents a $1.88 annualized dividend and a yield of 2.88%. The ex-dividend date is Tuesday, February 18th. This is an increase from Victory Capital's previous quarterly dividend of $0.44. Victory Capital's dividend payout ratio is 43.02%.

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.