JPMorgan Chase & Co. Has $15.67 Million Stock Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

JPMorgan Chase & Co. lowered its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 35.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 239,333 shares of the company's stock after selling 133,599 shares during the quarter. JPMorgan Chase & Co. owned about 0.37% of Victory Capital worth $15,667,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FMR LLC grew its stake in Victory Capital by 18.1% in 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 last quarter. HighTower Advisors LLC boosted its holdings in Victory Capital by 4.2% during the third quarter. HighTower Advisors LLC now owns 9,351 shares of the company's stock valued at $520,000 after acquiring an additional 377 shares during the period. State Street Corp grew its position in shares of Victory Capital by 6.4% in the third quarter. State Street Corp now owns 1,162,842 shares of the company's stock valued at $64,421,000 after purchasing an additional 69,654 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Victory Capital in the third quarter worth about $211,000. Finally, Barclays PLC lifted its position in shares of Victory Capital by 110.6% during the 3rd quarter. Barclays PLC now owns 99,367 shares of the company's stock worth $5,506,000 after purchasing an additional 52,191 shares during the last quarter. Institutional investors own 87.71% of the company's stock.

Analysts Set New Price Targets

VCTR has been the subject of a number of research analyst reports. B. Riley reiterated a "neutral" rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. JPMorgan Chase & Co. increased their price target on shares of Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Bank of America dropped their price objective on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. 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 research report on Friday, December 20th. Finally, BMO Capital Markets boosted their price target on Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $71.44.

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Victory Capital Price Performance

NASDAQ VCTR traded up $1.63 on Tuesday, reaching $57.40. The company's stock had a trading volume of 437,347 shares, compared to its average volume of 383,120. Victory Capital Holdings, Inc. has a 52 week low of $42.10 and a 52 week high of $73.42. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a market cap of $3.65 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86. The business has a 50-day moving average price of $60.79 and a 200 day moving average price of $62.75.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results 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%. Sell-side analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

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