Pembroke Management LTD Grows Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Pembroke Management LTD increased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 42.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 159,827 shares of the company's stock after acquiring an additional 48,010 shares during the quarter. Pembroke Management LTD owned approximately 0.25% of Victory Capital worth $10,462,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Principal Securities Inc. lifted its stake in 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 acquiring an additional 157 shares during the period. FMR LLC raised its holdings in Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company's stock worth $74,000 after purchasing an additional 206 shares in the last quarter. HighTower Advisors LLC raised its holdings in Victory Capital by 4.2% in the third quarter. HighTower Advisors LLC now owns 9,351 shares of the company's stock worth $520,000 after purchasing an additional 377 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Victory Capital by 367.5% in the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company's stock worth $32,000 after purchasing an additional 452 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in Victory Capital by 33.9% in the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company's stock worth $105,000 after purchasing an additional 482 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VCTR has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a report on Tuesday. Morgan Stanley boosted their target price on shares of Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. Royal Bank of Canada boosted their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. BMO Capital Markets boosted their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Finally, The Goldman Sachs Group boosted their target price on shares of Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $68.33.

Victory Capital Stock Down 1.9 %

Shares of VCTR traded down $1.29 during mid-day trading on Friday, hitting $65.38. 214,614 shares of the company traded hands, compared to its average volume of 290,542. Victory Capital Holdings, Inc. has a 1-year low of $36.82 and a 1-year high of $73.42. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $4.25 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 0.57 and a beta of 0.89. The business has a 50 day moving average of $65.73 and a 200 day moving average of $61.07.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating 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%. Equities research analysts anticipate that Victory Capital Holdings, Inc. will post 6.06 EPS for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be given a $0.47 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.88%. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. Victory Capital's dividend payout ratio is currently 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.