Vanguard Group Inc. lifted its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,966,221 shares of the company's stock after purchasing an additional 79,240 shares during the quarter. Vanguard Group Inc. owned about 6.10% of Victory Capital worth $259,629,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Victory Capital by 28.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company's stock worth $25,170,000 after buying an additional 100,614 shares during the period. Bank of Montreal Can lifted its position in Victory Capital by 282.0% during the 3rd quarter. Bank of Montreal Can now owns 43,453 shares of the company's stock worth $2,412,000 after acquiring an additional 32,079 shares during the period. Quantbot Technologies LP acquired a new stake in Victory Capital during the 3rd quarter worth about $72,000. FMR LLC grew its stake in Victory Capital by 18.1% during the 3rd quarter. FMR LLC now owns 1,341 shares of the company's stock valued at $74,000 after purchasing an additional 206 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Victory Capital by 37.3% in the third quarter. BNP Paribas Financial Markets now owns 22,240 shares of the company's stock valued at $1,232,000 after purchasing an additional 6,036 shares during the period. 87.71% of the stock is currently owned by hedge funds and other institutional investors.
Victory Capital Price Performance
Shares of NASDAQ:VCTR traded up $6.65 during midday trading on Wednesday, reaching $57.93. 400,756 shares of the company's stock traded hands, compared to its average volume of 382,858. The company 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 company has a fifty day simple moving average of $61.41 and a two-hundred day simple moving average of $62.70. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital Holdings, Inc. has a 1 year low of $42.10 and a 1 year high of $73.42.
Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (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%. Equities 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 announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. This is a boost from Victory Capital's previous quarterly dividend of $0.44. Victory Capital's dividend payout ratio is presently 43.02%.
Analysts Set New Price Targets
Several brokerages have commented on VCTR. B. Riley restated 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. Morgan Stanley raised 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. Barclays upped their price target on shares of Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their price objective on Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Finally, Bank of America lowered their target price on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $71.44.
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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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