Victory Capital Management Inc. Has $601,000 Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Victory Capital Management Inc. lessened its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 68.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,184 shares of the company's stock after selling 20,188 shares during the quarter. Victory Capital Management Inc.'s holdings in Victory Capital were worth $601,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VCTR. Principal Securities Inc. lifted its position in shares of Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after purchasing an additional 157 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Victory Capital in the 4th quarter worth approximately $43,000. Quantbot Technologies LP acquired a new stake in shares of Victory Capital during the 3rd quarter valued at $72,000. FMR LLC grew its holdings in shares of 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 acquiring an additional 206 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its stake in shares of Victory Capital by 33.9% in the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company's stock worth $105,000 after acquiring an additional 482 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

Victory Capital Stock Performance

Shares of NASDAQ VCTR traded down $0.22 during trading hours on Tuesday, hitting $62.18. 230,101 shares of the stock were exchanged, compared to its average volume of 373,488. Victory Capital Holdings, Inc. has a one year low of $41.30 and a one year high of $73.42. The company's 50 day moving average is $63.91 and its 200 day moving average is $62.47. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $3.96 billion, a P/E ratio of 14.23, a P/E/G ratio of 0.55 and a beta of 0.90.

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

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were given a $0.47 dividend. This is an increase from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital's payout ratio is currently 43.02%.

Wall Street Analyst Weigh In

VCTR has been the topic of a number of recent research reports. BMO Capital Markets boosted their target price on Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. boosted their price target on Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Barclays raised their price objective on shares of Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, February 10th. Morgan Stanley boosted their target price on shares of Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Friday, December 20th. Finally, B. Riley restated a "neutral" rating and set a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Five investment 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 presently has a consensus rating of "Hold" and a consensus price target of $68.33.

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.