Invesco Ltd. Has $37.77 Million Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Invesco Ltd. increased its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 576,921 shares of the company's stock after purchasing an additional 17,621 shares during the quarter. Invesco Ltd. owned approximately 0.89% of Victory Capital worth $37,765,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in VCTR. FMR LLC grew its stake in Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company's stock valued at $74,000 after purchasing an additional 206 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Victory Capital by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 9,351 shares of the company's stock worth $520,000 after purchasing an additional 377 shares during the last quarter. State Street Corp boosted its holdings in shares of Victory Capital by 6.4% during the 3rd quarter. State Street Corp now owns 1,162,842 shares of the company's stock worth $64,421,000 after buying an additional 69,654 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Victory Capital during the third quarter valued at about $211,000. Finally, Barclays PLC boosted its stake in Victory Capital by 110.6% during the 3rd quarter. Barclays PLC now owns 99,367 shares of the company's stock valued at $5,506,000 after purchasing an additional 52,191 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on VCTR shares. BMO Capital Markets raised 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. Barclays dropped their price objective on Victory Capital from $75.00 to $59.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. B. Riley reiterated a "neutral" rating and issued a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. JPMorgan Chase & Co. upped their price target 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. Finally, Bank of America decreased their price objective on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $69.67.

Victory Capital Trading Up 4.1 %

Shares of NASDAQ:VCTR traded up $2.21 during mid-day trading on Tuesday, reaching $56.68. The stock had a trading volume of 247,138 shares, compared to its average volume of 370,693. The firm has a 50 day simple moving average of $59.30 and a two-hundred day simple moving average of $62.71. 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 firm has a market cap of $3.61 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86. Victory Capital Holdings, Inc. has a twelve month low of $43.82 and a twelve month high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. On average, research analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.32%. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital's payout ratio is 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.