Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Acquired by Denali Advisors LLC

Denali Advisors LLC raised its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 49.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,113 shares of the company's stock after purchasing an additional 13,985 shares during the period. Denali Advisors LLC owned 0.06% of Victory Capital worth $2,757,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. World Investment Advisors LLC purchased a new stake in shares of Victory Capital in the third quarter valued at about $918,000. Geode Capital Management LLC lifted its stake in shares of Victory Capital by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company's stock valued at $57,446,000 after buying an additional 101,247 shares during the period. McIlrath & Eck LLC purchased a new position in shares of Victory Capital during the third quarter valued at approximately $565,000. Royce & Associates LP purchased a new position in shares of Victory Capital during the third quarter valued at approximately $7,755,000. Finally, Bank of Montreal Can lifted its stake in shares of Victory Capital by 282.0% during the third quarter. Bank of Montreal Can now owns 43,453 shares of the company's stock valued at $2,412,000 after buying an additional 32,079 shares during the period. Hedge funds and other institutional investors own 87.71% of the company's stock.

Analyst Ratings Changes

VCTR has been the topic of several recent analyst reports. Morgan Stanley upped their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a research note on Friday, December 20th. BMO Capital Markets upped their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Royal Bank of Canada upped their price objective on shares of Victory Capital from $61.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. upped their price objective on shares of Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group upped their price target on shares of Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $68.33.

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Victory Capital Trading Up 1.6 %

VCTR stock traded up $1.02 on Friday, hitting $64.04. 288,922 shares of the company were exchanged, compared to its average volume of 289,590. Victory Capital Holdings, Inc. has a twelve month low of $37.82 and a twelve month high of $73.42. The business's fifty day moving average is $65.76 and its two-hundred day moving average is $61.53. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 0.55 and a beta of 0.89. 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 (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping 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, research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be given a $0.47 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 2.94%. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. Victory Capital's dividend payout ratio is presently 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.