Franklin Resources Inc. raised its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,011,963 shares of the company's stock after purchasing an additional 31,944 shares during the quarter. Franklin Resources Inc. owned about 3.09% of Victory Capital worth $131,703,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in VCTR. Vanguard Group Inc. raised its position in Victory Capital by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,966,221 shares of the company's stock valued at $259,629,000 after purchasing an additional 79,240 shares during the period. Bahl & Gaynor Inc. boosted its stake in Victory Capital by 10.9% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock worth $101,949,000 after buying an additional 153,459 shares during the period. State Street Corp raised its stake in shares of Victory Capital by 6.4% in the 3rd 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 during the period. Geode Capital Management LLC boosted its position in shares of Victory Capital by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company's stock worth $57,446,000 after purchasing an additional 101,247 shares during the period. Finally, TimesSquare Capital Management LLC raised its position in Victory Capital by 20.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company's stock valued at $63,899,000 after purchasing an additional 166,265 shares during the period. Hedge funds and other institutional investors own 87.71% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently commented on VCTR. Barclays raised their target price on Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, February 10th. Morgan Stanley lifted their price objective on Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a research note on Friday, December 20th. BMO Capital Markets lifted their price target on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Bank of America dropped their target price on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday. Finally, B. Riley restated a "neutral" rating and set a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $71.44.
Get Our Latest Stock Analysis on Victory Capital
Victory Capital Price Performance
Victory Capital stock traded down $0.78 during mid-day trading on Monday, reaching $50.93. The company had a trading volume of 155,726 shares, compared to its average volume of 380,443. The stock's 50-day simple moving average is $62.57 and its 200-day simple moving average is $62.85. Victory Capital Holdings, Inc. has a 1 year low of $42.10 and a 1 year high of $73.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $3.24 billion, a P/E ratio of 11.60, a P/E/G ratio of 0.55 and a beta of 0.86.
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 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, equities analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.
Victory Capital Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $0.47 dividend. 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 annualized dividend and a dividend yield of 3.69%. Victory Capital's dividend payout ratio is currently 43.02%.
About Victory Capital
(
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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