Schroder Investment Management Group Invests $5.61 Million in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Schroder Investment Management Group purchased a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 85,348 shares of the company's stock, valued at approximately $5,605,000. Schroder Investment Management Group owned about 0.13% of Victory Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the business. Franklin Resources Inc. increased its position in shares of Victory Capital by 113.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock worth $115,990,000 after purchasing an additional 1,051,459 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Victory Capital in the fourth quarter worth about $17,755,000. TimesSquare Capital Management LLC increased its holdings in Victory Capital by 20.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company's stock valued at $63,899,000 after buying an additional 166,265 shares during the last quarter. Bahl & Gaynor Inc. raised its stake in Victory Capital by 10.9% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock valued at $101,949,000 after buying an additional 153,459 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its holdings in Victory Capital by 599.7% during the 4th quarter. Annex Advisory Services LLC now owns 173,562 shares of the company's stock worth $11,361,000 after buying an additional 148,756 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

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Victory Capital Stock Performance

Shares of NASDAQ VCTR traded up $6.65 during midday trading on Wednesday, hitting $57.93. 400,756 shares of the company's stock were exchanged, compared to its average volume of 382,858. Victory Capital Holdings, Inc. has a twelve month low of $42.10 and a twelve month high of $73.42. The firm has a market cap of $3.69 billion, a P/E ratio of 13.26, a PEG ratio of 0.55 and a beta of 0.86. The stock's 50 day moving average price is $61.41 and its 200-day moving average price is $62.70. 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 announced its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping 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 6.16 EPS for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a $0.47 dividend. This is a positive change 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 3.25%. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital's dividend payout ratio is currently 43.02%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VCTR. JPMorgan Chase & Co. upped their price target on Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Morgan Stanley increased 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. BMO Capital Markets boosted their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Bank of America dropped their price objective on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Finally, Barclays upped their target price on Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Victory Capital currently has a consensus rating of "Hold" and a consensus target price of $71.44.

Victory Capital Company Profile

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.