Fisher Asset Management LLC Raises Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Fisher Asset Management LLC increased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 43.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,471 shares of the company's stock after acquiring an additional 22,771 shares during the quarter. Fisher Asset Management LLC owned approximately 0.12% of Victory Capital worth $4,940,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VCTR. Farther Finance Advisors LLC lifted its position 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 valued at $32,000 after buying an additional 452 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after buying an additional 157 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Victory Capital during the third quarter valued at about $72,000. FMR LLC lifted its position 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 last quarter. Finally, TD Private Client Wealth LLC lifted its position 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 valued at $105,000 after buying an additional 482 shares during the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays increased 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 report on Monday, February 10th. B. Riley reissued 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. The Goldman Sachs Group increased their price target 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. BMO Capital Markets upped their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Finally, Morgan Stanley upped their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a report on Friday, December 20th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $68.33.

Victory Capital Trading Up 1.2 %

Shares of VCTR traded up $0.67 during midday trading on Friday, reaching $58.49. The company had a trading volume of 337,992 shares, compared to its average volume of 298,870. Victory Capital Holdings, Inc. has a 1-year low of $39.26 and a 1-year high of $73.42. The stock has a market cap of $3.80 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90. The firm has a 50 day simple moving average of $65.19 and a 200-day simple moving average of $61.90. 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 issued its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.47 per share. This is a boost from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 3.21%. Victory Capital's payout ratio is presently 43.02%.

About Victory Capital

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.