271,232 Shares in Victory Capital Holdings, Inc. (NASDAQ:VCTR) Bought by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 271,232 shares of the company's stock, valued at approximately $17,755,000. Victory Capital makes up about 0.8% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' portfolio, making the stock its 21st largest position. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned 0.42% of Victory Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of VCTR. Farther Finance Advisors LLC boosted its stake in shares of Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company's stock worth $32,000 after buying an additional 452 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Victory Capital during the third quarter worth about $72,000. FMR LLC boosted its stake in shares of Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company's stock worth $74,000 after buying an additional 206 shares during the period. TD Private Client Wealth LLC boosted 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 buying an additional 482 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Victory Capital by 170.0% during the third quarter. Blue Trust Inc. now owns 3,105 shares of the company's stock worth $172,000 after buying an additional 1,955 shares during the period. Institutional investors and hedge funds own 87.71% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VCTR. Morgan Stanley raised their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a research report on Friday, December 20th. The Goldman Sachs Group raised their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Barclays raised their price objective on shares of Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, February 10th. Royal Bank of Canada raised their price objective 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. Finally, BMO Capital Markets raised their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Victory Capital presently has an average rating of "Hold" and an average target price of $66.11.

Victory Capital Price Performance

Shares of VCTR traded up $0.63 during mid-day trading on Friday, reaching $69.14. 210,298 shares of the company's stock were exchanged, compared to its average volume of 271,671. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The company has a 50-day simple moving average of $65.52 and a two-hundred day simple moving average of $60.50. Victory Capital Holdings, Inc. has a 52-week low of $36.02 and a 52-week high of $73.42. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 0.55 and a beta of 0.89.

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 for the quarter, topping analysts' consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. On average, sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.06 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be 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 yield of 2.72%. The ex-dividend date of this dividend is Tuesday, February 18th. Victory Capital's payout ratio is presently 40.27%.

Victory Capital 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.