Charles Schwab Investment Management Inc. increased its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 492,045 shares of the company's stock after acquiring an additional 37,715 shares during the period. Charles Schwab Investment Management Inc. owned about 0.76% of Victory Capital worth $32,209,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of VCTR. World Investment Advisors LLC purchased a new stake in Victory Capital in the 3rd quarter worth approximately $918,000. Geode Capital Management LLC increased its position in shares of Victory Capital by 10.8% in the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company's stock valued at $57,446,000 after buying an additional 101,247 shares in the last quarter. McIlrath & Eck LLC acquired a new position in shares of Victory Capital during the 3rd quarter worth approximately $565,000. Bank of Montreal Can lifted its position in shares of Victory Capital by 282.0% during the 3rd quarter. Bank of Montreal Can now owns 43,453 shares of the company's stock valued at $2,412,000 after buying an additional 32,079 shares in the last quarter. Finally, Royce & Associates LP acquired a new stake in Victory Capital in the 3rd quarter valued at $7,755,000. 87.71% of the stock is currently owned by hedge funds and other institutional investors.
Victory Capital Trading Down 1.3 %
Shares of VCTR traded down $0.77 during trading on Thursday, reaching $60.27. 123,559 shares of the company traded hands, compared to its average volume of 372,271. The stock has a 50-day simple moving average of $63.99 and a 200-day simple moving average of $62.23. The stock has a market cap of $3.84 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90. Victory Capital Holdings, Inc. has a twelve month low of $40.79 and a twelve month high of $73.42. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84.
Victory Capital (NASDAQ:VCTR - Get Free Report) last released its 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%. On average, analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.
Victory Capital Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a yield of 3.12%. Victory Capital's dividend payout ratio is 43.02%.
Wall Street Analyst Weigh In
Several research firms have issued reports on VCTR. JPMorgan Chase & Co. increased their price objective on shares of Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. BMO Capital Markets raised 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. B. Riley reiterated a "neutral" rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Barclays raised their price objective on Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, February 10th. Finally, Morgan Stanley upped their target price 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. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $68.33.
View Our Latest Stock Report on VCTR
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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