Ibex Wealth Advisors Has $1.04 Million Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Ibex Wealth Advisors lifted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 50.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,874 shares of the company's stock after buying an additional 5,319 shares during the period. Ibex Wealth Advisors' holdings in Victory Capital were worth $1,039,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Franklin Resources Inc. grew its position in shares of Victory Capital by 113.2% during 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 last quarter. State Street Corp grew its position in Victory Capital by 6.4% in the 3rd quarter. State Street Corp now owns 1,162,842 shares of the company's stock worth $64,421,000 after purchasing an additional 69,654 shares during the last quarter. Geode Capital Management LLC grew its position in Victory Capital by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company's stock worth $57,446,000 after purchasing an additional 101,247 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Victory Capital by 28.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company's stock worth $25,170,000 after purchasing an additional 100,614 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Victory Capital by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company's stock worth $20,660,000 after purchasing an additional 11,785 shares during the last quarter. Institutional investors own 87.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VCTR shares. UBS Group upped their target price on shares of Victory Capital from $49.00 to $64.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada increased their price objective on shares of Victory Capital from $61.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Morgan Stanley increased their price objective 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. B. Riley reissued a "neutral" rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Finally, BMO Capital Markets upped their price target on shares of Victory Capital from $71.00 to $78.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $65.11.

Victory Capital Stock Up 1.4 %

VCTR stock traded up $0.89 during midday trading on Thursday, reaching $66.17. The company had a trading volume of 182,637 shares, compared to its average volume of 301,207. Victory Capital Holdings, Inc. has a 1 year low of $33.39 and a 1 year high of $73.42. 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 company has a market capitalization of $4.30 billion, a P/E ratio of 16.46, a PEG ratio of 0.56 and a beta of 0.90. The company has a 50 day moving average of $66.04 and a two-hundred day moving average of $59.25.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $1.33 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.33. Victory Capital had a net margin of 30.82% and a return on equity of 29.92%. The company had revenue of $225.63 million during the quarter, compared to the consensus estimate of $225.75 million. During the same quarter in the prior year, the firm earned $1.16 EPS. On average, equities research analysts expect that Victory Capital Holdings, Inc. will post 5.24 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a dividend of $0.44 per share. This is a positive change from Victory Capital's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.76 annualized dividend and a dividend yield of 2.66%. Victory Capital's dividend payout ratio is 43.78%.

Victory Capital 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.