Fort Washington Investment Advisors Inc. OH Acquires Shares of 5,610 Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,610 shares of the company's stock, valued at approximately $367,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Contravisory Investment Management Inc. increased its position in shares of Victory Capital by 53.2% during the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company's stock valued at $32,000 after buying an additional 199 shares during the period. FMR LLC increased its holdings in Victory Capital by 18.1% during the 3rd quarter. FMR LLC now owns 1,341 shares of the company's stock worth $74,000 after acquiring an additional 206 shares during the period. HighTower Advisors LLC increased its holdings in Victory Capital by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 9,351 shares of the company's stock worth $520,000 after acquiring an additional 377 shares during the period. Farther Finance Advisors LLC lifted its stake in Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company's stock worth $32,000 after purchasing an additional 452 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in Victory Capital by 50.7% in the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company's stock valued at $68,000 after purchasing an additional 479 shares during the period. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Trading Down 0.2 %

Victory Capital stock traded down $0.14 during trading hours on Friday, reaching $66.25. The company had a trading volume of 327,302 shares, compared to its average volume of 318,280. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital Holdings, Inc. has a 12-month low of $33.39 and a 12-month high of $73.42. The company has a 50-day moving average price of $66.07 and a 200 day moving average price of $58.85. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 0.56 and a beta of 0.90.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $1.33 EPS for the quarter, hitting the consensus estimate of $1.33. The company had revenue of $225.63 million for the quarter, compared to the consensus estimate of $225.75 million. Victory Capital had a net margin of 30.82% and a return on equity of 29.92%. During the same period in the previous year, the firm earned $1.16 earnings per share. Equities analysts forecast that Victory Capital Holdings, Inc. will post 5.24 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, December 9th. This is a boost from Victory Capital's previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 2.66%. Victory Capital's dividend payout ratio (DPR) is presently 43.78%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. The Goldman Sachs Group raised their price target on Victory Capital from $60.00 to $68.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. UBS Group raised their target price on shares of Victory Capital from $49.00 to $64.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada boosted their price target on shares of Victory Capital from $61.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. Barclays raised their price objective on shares of Victory Capital from $69.00 to $70.00 and gave the company an "equal weight" rating in a research report on Friday, January 17th. Finally, B. Riley reaffirmed a "neutral" rating and set a $60.00 price objective (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $65.11.

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.