PFG Advisors acquired a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,673 shares of the company's stock, valued at approximately $371,000.
Other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. raised its holdings in shares of Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after acquiring an additional 157 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Victory Capital in the 4th quarter worth about $43,000. Quantbot Technologies LP acquired a new stake in shares of Victory Capital in the 3rd quarter worth about $72,000. FMR LLC raised its holdings in shares of Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company's stock worth $74,000 after acquiring an additional 206 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of Victory Capital by 33.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company's stock worth $105,000 after acquiring an additional 482 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on VCTR shares. Morgan Stanley upped their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Friday, December 20th. Barclays upped their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of 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 report on Tuesday, January 7th. Finally, BMO Capital Markets upped their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $68.33.
Get Our Latest Report on VCTR
Victory Capital Stock Performance
Shares of Victory Capital stock traded up $2.15 on Wednesday, reaching $61.04. 293,283 shares of the company traded hands, compared to its average volume of 373,583. Victory Capital Holdings, Inc. has a 52 week low of $39.98 and a 52 week high of $73.42. The company has a 50 day moving average of $64.04 and a 200 day moving average of $62.24. The firm has a market capitalization of $3.89 billion, a PE ratio of 13.97, a PEG ratio of 0.55 and a beta of 0.90. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19.
Victory Capital (NASDAQ:VCTR - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, beating 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%. Equities analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.
Victory Capital Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a dividend of $0.47 per share. This is a boost from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital's dividend payout ratio is presently 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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