Empowered Funds LLC lifted its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 30.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,109 shares of the company's stock after purchasing an additional 11,341 shares during the period. Empowered Funds LLC owned about 0.08% of Victory Capital worth $3,215,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. lifted its position in shares of Victory Capital by 113.2% during the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock worth $115,990,000 after purchasing an additional 1,051,459 shares in the last quarter. State Street Corp raised its holdings in Victory Capital by 6.4% in the third quarter. State Street Corp now owns 1,162,842 shares of the company's stock valued at $64,421,000 after acquiring an additional 69,654 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 acquiring an additional 101,247 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Victory Capital by 28.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company's stock valued at $25,170,000 after acquiring an additional 100,614 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Victory Capital by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company's stock valued at $20,660,000 after acquiring an additional 11,785 shares in the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
VCTR has been the topic of several recent analyst reports. Royal Bank of Canada upped their price target on shares of Victory Capital from $61.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Barclays upped their price target on shares of Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, February 10th. BMO Capital Markets increased their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. B. Riley reissued a "neutral" rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group increased their target price on shares of Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $66.11.
Check Out Our Latest Stock Report on VCTR
Victory Capital Stock Performance
Shares of Victory Capital stock traded up $0.63 during trading on Friday, hitting $69.14. 210,298 shares of the stock were exchanged, compared to its average volume of 271,671. The stock's fifty day moving average is $65.52 and its 200 day moving average is $60.56. The stock has a market cap of $4.50 billion, a PE ratio of 15.82, a P/E/G ratio of 0.55 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital Holdings, Inc. has a 12 month low of $36.02 and a 12 month high of $73.42.
Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. As a group, sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 6.06 EPS for the current year.
Victory Capital Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 2.72%. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. Victory Capital's dividend payout ratio is currently 40.27%.
Victory Capital 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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