Raymond James Financial Inc. Purchases Shares of 58,254 Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Raymond James Financial Inc. acquired a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 58,254 shares of the company's stock, valued at approximately $3,813,000. Raymond James Financial Inc. owned 0.09% of Victory Capital at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Franklin Resources Inc. increased its holdings in Victory Capital by 113.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock valued at $115,990,000 after buying an additional 1,051,459 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Victory Capital in the fourth quarter valued at about $17,755,000. TimesSquare Capital Management LLC raised its position in Victory Capital by 20.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company's stock worth $63,899,000 after purchasing an additional 166,265 shares in the last quarter. Bahl & Gaynor Inc. raised its position in Victory Capital by 10.9% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock worth $101,949,000 after purchasing an additional 153,459 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its stake in Victory Capital by 599.7% during the fourth quarter. Annex Advisory Services LLC now owns 173,562 shares of the company's stock worth $11,361,000 after purchasing an additional 148,756 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

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Victory Capital Price Performance

NASDAQ:VCTR traded down $2.37 during mid-day trading on Friday, reaching $57.44. 276,641 shares of the company were exchanged, compared to its average volume of 382,620. 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 stock has a market cap of $3.66 billion, a PE ratio of 13.14, a PEG ratio of 0.55 and a beta of 0.90. Victory Capital Holdings, Inc. has a 12 month low of $41.30 and a 12 month high of $73.42. The company has a fifty day moving average of $63.54 and a 200 day moving average of $62.71.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly 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%. On average, research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, February 18th. 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 3.27%. Victory Capital's payout ratio is 43.02%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VCTR shares. BMO Capital Markets increased their target price on Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. B. Riley reiterated a "neutral" rating and set a $60.00 price objective (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. JPMorgan Chase & Co. boosted their target price on shares of Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Barclays upped their target price on shares of Victory Capital from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, February 10th. Finally, Morgan Stanley lifted their price target on shares of Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a report on Friday, December 20th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Victory Capital has an average rating of "Hold" and an average price target of $68.33.

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.