Impax Asset Management Group plc Has $40.91 Million Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Impax Asset Management Group plc cut its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 625,000 shares of the company's stock after selling 50,000 shares during the period. Impax Asset Management Group plc owned 0.96% of Victory Capital worth $40,912,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in Victory Capital by 367.5% in 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 period. Principal Securities Inc. raised its stake in Victory Capital by 35.2% in 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 during the period. Quantbot Technologies LP bought a new stake in Victory Capital in the 3rd quarter valued at $72,000. FMR LLC lifted its holdings in 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 purchasing an additional 206 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its position in Victory Capital by 33.9% during the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company's stock worth $105,000 after purchasing an additional 482 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VCTR. 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. Morgan Stanley raised their price target 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. Royal Bank of Canada boosted their price objective on shares of Victory Capital from $61.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. raised their target price on shares of Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group boosted their price target on Victory Capital from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $68.33.

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Victory Capital Price Performance

Shares of NASDAQ VCTR traded down $0.04 during trading hours on Thursday, hitting $63.02. 235,188 shares of the stock were exchanged, compared to its average volume of 289,610. Victory Capital Holdings, Inc. has a 1-year low of $37.72 and a 1-year high of $73.42. The company's fifty day simple moving average is $65.76 and its two-hundred day simple moving average is $61.53. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market cap of $4.10 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 0.55 and a beta of 0.89.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. On average, sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.98%. 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. Victory Capital's dividend 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.