Livforsakringsbolaget Skandia Omsesidigt Purchases New Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 42,500 shares of the company's stock, valued at approximately $2,782,000. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.07% of Victory Capital at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VCTR. Contravisory Investment Management Inc. raised its position in Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company's stock valued at $32,000 after purchasing an additional 199 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Victory Capital by 367.5% in the 3rd 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 last quarter. USA Financial Formulas boosted its position in Victory Capital by 157.9% during the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company's stock worth $61,000 after buying an additional 676 shares during the period. Quantbot Technologies LP bought a new stake in Victory Capital during the 3rd quarter worth approximately $72,000. Finally, FMR LLC increased its position 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 acquiring an additional 206 shares during the period. 87.71% of the stock is owned by institutional investors.

Victory Capital Trading Down 1.6 %

Shares of Victory Capital stock traded down $1.13 on Tuesday, reaching $68.85. 218,157 shares of the company's stock were exchanged, compared to its average volume of 306,602. The company has a market capitalization of $4.48 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 0.55 and a beta of 0.89. Victory Capital Holdings, Inc. has a 52 week low of $34.49 and a 52 week high of $73.42. 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 firm's 50-day moving average is $65.45 and its two-hundred day moving average is $60.22.

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 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%. Sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.06 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced 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. The ex-dividend date is Tuesday, February 18th. 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 2.73%. Victory Capital's dividend payout ratio (DPR) is currently 40.27%.

Wall Street Analysts Forecast Growth

VCTR has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Victory Capital from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday. UBS Group lifted their target price on Victory Capital from $49.00 to $64.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Royal Bank of Canada raised their price objective on Victory Capital from $61.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. 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. Finally, The Goldman Sachs Group increased their target price on shares of Victory Capital from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Victory Capital presently has an average rating of "Hold" and an average price target of $66.11.

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.