Capital World Investors Purchases 11,654 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Capital World Investors increased its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,231,009 shares of the company's stock after acquiring an additional 11,654 shares during the quarter. Capital World Investors owned about 4.97% of Victory Capital worth $211,502,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC increased 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 valued at $74,000 after buying an additional 206 shares during the period. Barclays PLC raised its holdings in shares of Victory Capital by 110.6% in the 3rd quarter. Barclays PLC now owns 99,367 shares of the company's stock valued at $5,506,000 after purchasing an additional 52,191 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Victory Capital by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company's stock valued at $57,446,000 after purchasing an additional 101,247 shares in the last quarter. McIlrath & Eck LLC purchased a new position in Victory Capital during the third quarter valued at approximately $565,000. Finally, Sanctuary Advisors LLC bought a new position in Victory Capital in the third quarter worth approximately $648,000. Institutional investors own 87.71% of the company's stock.

Victory Capital Price Performance

VCTR stock traded down $0.62 during trading on Friday, hitting $57.77. The company had a trading volume of 155,391 shares, compared to its average volume of 365,495. Victory Capital Holdings, Inc. has a fifty-two week low of $43.82 and a fifty-two week 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. The company has a fifty day moving average price of $58.85 and a two-hundred day moving average price of $62.69. The company has a market cap 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.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its earnings results 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%. Equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. Victory Capital's dividend payout ratio (DPR) is presently 43.02%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VCTR. BMO Capital Markets increased 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. JPMorgan Chase & Co. increased their price objective on Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. B. Riley reaffirmed a "neutral" rating and set a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. 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 note on Thursday, April 3rd. Finally, Barclays reduced their price target on Victory Capital from $75.00 to $59.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Victory Capital has an average rating of "Hold" and an average price target of $69.67.

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.