F M Investments LLC raised its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 20.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 282,221 shares of the company's stock after purchasing an additional 48,635 shares during the period. F M Investments LLC owned approximately 0.44% of Victory Capital worth $15,635,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of VCTR. Contravisory Investment Management Inc. lifted its holdings in shares of Victory Capital by 53.2% during the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company's stock worth $32,000 after acquiring an additional 199 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company's stock worth $32,000 after acquiring an additional 452 shares during the period. CWM LLC increased its position in Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company's stock worth $32,000 after purchasing an additional 564 shares in the last quarter. USA Financial Formulas increased 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 purchasing an additional 676 shares in the last quarter. Finally, Amalgamated Bank increased its position in Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company's stock worth $68,000 after purchasing an additional 479 shares in the last quarter. Institutional investors own 87.71% of the company's stock.
Victory Capital Trading Up 0.3 %
NASDAQ VCTR traded up $0.19 on Friday, hitting $60.12. The company's stock had a trading volume of 178,136 shares, compared to its average volume of 232,933. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.87. Victory Capital Holdings, Inc. has a 1-year low of $29.50 and a 1-year high of $61.97. The company's 50-day moving average is $56.13 and its 200 day moving average is $52.31. The firm has a market cap of $3.90 billion, a PE ratio of 16.94, a PEG ratio of 0.64 and a beta of 0.90.
Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.04. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. The company had revenue of $219.62 million for the quarter, compared to analyst estimates of $220.82 million. As a group, analysts predict that Victory Capital Holdings, Inc. will post 5.18 earnings per share for the current fiscal year.
Victory Capital Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th were paid a $0.41 dividend. This is a positive change from Victory Capital's previous quarterly dividend of $0.37. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Tuesday, September 10th. Victory Capital's dividend payout ratio is currently 46.20%.
Analyst Upgrades and Downgrades
VCTR has been the subject of a number of research analyst reports. Bank of America upped their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. JPMorgan Chase & Co. upped their price objective on shares of Victory Capital from $45.00 to $49.00 and gave the stock a "neutral" rating in a research report on Monday, August 19th. Royal Bank of Canada upped their price objective on shares of Victory Capital from $55.00 to $61.00 and gave the stock an "outperform" rating in a research report on Friday, October 11th. Barclays started coverage on shares of Victory Capital in a research report on Tuesday, August 27th. They set an "equal weight" rating and a $58.00 price objective for the company. Finally, UBS Group upped their price target on shares of Victory Capital from $49.00 to $64.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.67.
Check Out Our Latest Report on Victory Capital
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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