Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,044,511 shares of the company's stock after buying an additional 7,786 shares during the quarter. Geode Capital Management LLC owned approximately 1.61% of Victory Capital worth $68,390,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Principal Securities Inc. grew its stake in Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after acquiring an additional 157 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Victory Capital during the fourth quarter worth about $43,000. FMR LLC raised its position in shares of Victory Capital by 18.1% during the 3rd 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 period. TD Private Client Wealth LLC grew its position in Victory Capital by 33.9% in the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company's stock worth $105,000 after acquiring an additional 482 shares during the period. Finally, Convergence Investment Partners LLC acquired a new position in shares of Victory Capital in the 4th quarter valued at $193,000. Institutional investors and hedge funds own 87.71% of the company's stock.

Wall Street Analysts Forecast Growth

VCTR has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. B. Riley restated a "neutral" rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Bank of America lowered their price target on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Morgan Stanley lifted their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Friday, December 20th. Finally, Barclays raised their price target on Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Victory Capital currently has an average rating of "Hold" and an average target price of $71.44.

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Victory Capital Price Performance

NASDAQ:VCTR traded up $1.63 during trading hours on Tuesday, reaching $57.40. 437,347 shares of the company traded hands, compared to its average volume of 383,380. Victory Capital Holdings, Inc. has a 1-year low of $42.10 and a 1-year high of $73.42. The firm's 50-day moving average is $60.63 and its 200-day moving average is $62.71. The stock has a market cap of $3.65 billion, a P/E ratio of 13.14, a P/E/G ratio of 0.55 and a beta of 0.86. 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 (NASDAQ:VCTR - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share 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%. Equities research analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.28%. This is an increase from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital's payout ratio is presently 43.02%.

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.