Aster Capital Management DIFC Ltd raised its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 3,645.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,176 shares of the company's stock after acquiring an additional 8,931 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Victory Capital were worth $601,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of VCTR. Principal Securities Inc. raised its holdings 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 purchasing an additional 157 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Victory Capital during the fourth quarter worth $43,000. FMR LLC raised its holdings in shares of Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company's stock worth $74,000 after acquiring an additional 206 shares during the period. TD Private Client Wealth LLC lifted its position in Victory Capital by 33.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company's stock valued at $105,000 after acquiring an additional 482 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new position in Victory Capital during the 4th quarter worth about $193,000. Institutional investors and hedge funds own 87.71% of the company's stock.
Victory Capital Stock Performance
Shares of VCTR traded up $1.00 during mid-day trading on Friday, reaching $55.06. The company's stock had a trading volume of 285,537 shares, compared to its average volume of 382,806. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The stock has a market cap of $3.51 billion, a P/E ratio of 12.60, a PEG ratio of 0.55 and a beta of 0.86. Victory Capital Holdings, Inc. has a 1-year low of $42.10 and a 1-year high of $73.42. The business has a 50-day simple moving average of $60.99 and a two-hundred day simple moving average of $62.70.
Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. As a group, equities research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.
Victory Capital Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $0.47 dividend. This is an increase from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.41%. Victory Capital's dividend payout ratio is presently 43.02%.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. Barclays boosted their target price on Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Bank of America reduced their target price on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. BMO Capital Markets boosted their price target 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. JPMorgan Chase & Co. lifted their target price on Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Finally, B. Riley reissued a "neutral" rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $71.44.
Read Our Latest Stock Analysis on VCTR
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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