KLP Kapitalforvaltning AS Takes Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

KLP Kapitalforvaltning AS acquired a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 17,800 shares of the company's stock, valued at approximately $1,165,000.

Other institutional investors also recently modified their holdings of the company. Principal Securities Inc. increased its stake in Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after purchasing an additional 157 shares in the last quarter. FMR LLC grew its stake in shares of 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 period. HighTower Advisors LLC increased its position in Victory Capital by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 9,351 shares of the company's stock valued at $520,000 after buying an additional 377 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Victory Capital by 33.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company's stock worth $105,000 after buying an additional 482 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Victory Capital by 11.7% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,730 shares of the company's stock worth $310,000 after acquiring an additional 495 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. B. Riley reaffirmed a "neutral" rating and issued a $60.00 price objective (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Barclays boosted their target price on shares of Victory Capital from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, February 10th. BMO Capital Markets raised their price target on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Finally, Morgan Stanley boosted their price objective on Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Victory Capital presently has an average rating of "Hold" and a consensus target price of $71.44.

Victory Capital Stock Performance

Victory Capital stock traded down $5.92 during mid-day trading on Thursday, reaching $54.89. 233,423 shares of the company's stock were exchanged, compared to its average volume of 380,933. The business's fifty day simple moving average is $62.86 and its 200 day simple moving average is $62.75. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a one year low of $42.10 and a one year high of $73.42. The firm has a market capitalization of $3.49 billion, a PE ratio of 12.56, 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 results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates 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 expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.43%. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. Victory Capital's dividend payout ratio (DPR) is presently 43.02%.

Victory Capital 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.