F M Investments LLC lowered its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 61.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 107,547 shares of the company's stock after selling 174,674 shares during the period. F M Investments LLC owned approximately 0.17% of Victory Capital worth $7,040,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Victory Capital in the 4th quarter valued at about $3,813,000. Legal & General Group Plc boosted its position in shares of Victory Capital by 25.7% during the 4th quarter. Legal & General Group Plc now owns 48,065 shares of the company's stock worth $3,146,000 after acquiring an additional 9,812 shares in the last quarter. Invesco Ltd. increased its stake in Victory Capital by 3.2% in the fourth quarter. Invesco Ltd. now owns 576,921 shares of the company's stock valued at $37,765,000 after acquiring an additional 17,621 shares during the last quarter. Bank of Montreal Can raised its position in Victory Capital by 196.5% during the fourth quarter. Bank of Montreal Can now owns 128,850 shares of the company's stock valued at $8,435,000 after purchasing an additional 85,397 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Victory Capital by 1.6% during the fourth quarter. Federated Hermes Inc. now owns 254,934 shares of the company's stock worth $16,688,000 after purchasing an additional 3,990 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.
Victory Capital Trading Up 3.1 %
Shares of VCTR stock traded up $1.71 during trading hours on Tuesday, hitting $57.48. 88,803 shares of the company's stock traded hands, compared to its average volume of 381,761. The stock has a market cap of $3.66 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86. The stock's 50 day simple moving average is $60.79 and its 200 day simple moving average is $62.75. 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 Holdings, Inc. has a 12 month low of $42.10 and a 12 month high of $73.42.
Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping 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, sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current 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 paid a $0.47 dividend. 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 dividend yield of 3.27%. The ex-dividend date was Tuesday, February 18th. Victory Capital's payout ratio is currently 43.02%.
Wall Street Analyst Weigh In
VCTR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. BMO Capital Markets boosted their target price 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 raised their price target on shares of Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. B. Riley reiterated a "neutral" rating and set a $60.00 price objective (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Finally, Morgan Stanley raised their target price 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. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Victory Capital presently has a consensus rating of "Hold" and a consensus target price of $71.44.
Check Out Our Latest Analysis 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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