LSV Asset Management reduced its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,173,122 shares of the company's stock after selling 74,800 shares during the period. LSV Asset Management owned approximately 1.80% of Victory Capital worth $76,793,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Principal Securities Inc. lifted its position in shares of Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after buying an additional 157 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Victory Capital during the fourth quarter worth approximately $43,000. FMR LLC increased its position in Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company's stock worth $74,000 after acquiring an additional 206 shares during the period. 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 valued at $105,000 after purchasing an additional 482 shares during the last quarter. Finally, Convergence Investment Partners LLC bought a new position in shares of Victory Capital during the 4th quarter worth about $193,000. Institutional investors and hedge funds own 87.71% of the company's stock.
Analyst Ratings Changes
A number of brokerages have commented on VCTR. Bank of America reduced their price objective on Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Barclays upped their target price on shares of Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Morgan Stanley increased their target price on Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. JPMorgan Chase & Co. increased their price objective on Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. Finally, B. Riley reiterated a "neutral" rating and set a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $71.44.
Get Our Latest Analysis on Victory Capital
Victory Capital Stock Up 2.9 %
NASDAQ VCTR traded up $1.63 during trading hours on Tuesday, hitting $57.40. 402,992 shares of the company traded hands, compared to its average volume of 382,984. Victory Capital Holdings, Inc. has a twelve month low of $42.10 and a twelve month high of $73.42. The stock has a market capitalization of $3.65 billion, a price-to-earnings 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 quick ratio of 1.19 and a current ratio of 1.19. The business's 50-day moving average is $60.79 and its 200-day moving average is $62.75.
Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.44 EPS 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%. Sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.
Victory Capital Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a $0.47 dividend. This is a boost from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.28%. Victory Capital's payout ratio is currently 43.02%.
About Victory Capital
(
Free Report)
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.
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