Wells Fargo & Company MN Purchases 5,861 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Wells Fargo & Company MN increased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 8.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 71,957 shares of the company's stock after acquiring an additional 5,861 shares during the period. Wells Fargo & Company MN owned approximately 0.11% of Victory Capital worth $4,710,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Victory Capital by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 3,966,221 shares of the company's stock worth $259,629,000 after purchasing an additional 79,240 shares during the period. Franklin Resources Inc. lifted its stake in Victory Capital by 1.6% during the fourth quarter. Franklin Resources Inc. now owns 2,011,963 shares of the company's stock worth $131,703,000 after purchasing an additional 31,944 shares in the last quarter. Bahl & Gaynor Inc. boosted its holdings in Victory Capital by 10.9% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock valued at $101,949,000 after acquiring an additional 153,459 shares during the period. Geode Capital Management LLC grew its position in Victory Capital by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,044,511 shares of the company's stock valued at $68,390,000 after acquiring an additional 7,786 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its stake in Victory Capital by 20.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company's stock worth $63,899,000 after purchasing an additional 166,265 shares during the period. Institutional investors and hedge funds own 87.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VCTR shares. BMO Capital Markets raised their price target 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 lowered their target price on Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Barclays reduced their price target on Victory Capital from $75.00 to $59.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. B. Riley restated 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, JPMorgan Chase & Co. lifted their price objective 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. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $69.67.

Victory Capital Stock Performance

Shares of VCTR stock traded up $1.13 on Thursday, hitting $58.56. 134,494 shares of the stock traded hands, compared to its average volume of 367,768. 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 Holdings, Inc. has a 1-year low of $43.82 and a 1-year high of $73.42. The company's fifty day moving average is $59.07 and its 200 day moving average is $62.68. The company has a market capitalization of $3.73 billion, a PE ratio of 13.39, a PEG ratio of 0.55 and a beta of 0.86.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share 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%. On average, equities research analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal 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 issued a dividend of $0.47 per share. This is a boost from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital's payout ratio is currently 43.02%.

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.