Blue Trust Inc. Buys 559 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Blue Trust Inc. raised its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 18.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,664 shares of the company’s stock after acquiring an additional 559 shares during the period. Blue Trust Inc.’s holdings in Victory Capital were worth $240,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its holdings in Victory Capital by 27.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,450 shares of the company’s stock valued at $1,262,000 after purchasing an additional 5,697 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Victory Capital during the second quarter worth approximately $346,000. Truist Financial Corp raised its stake in shares of Victory Capital by 11.1% in the second quarter. Truist Financial Corp now owns 22,278 shares of the company’s stock valued at $1,063,000 after acquiring an additional 2,220 shares during the last quarter. USA Financial Formulas boosted its holdings in shares of Victory Capital by 157.9% in the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after acquiring an additional 676 shares in the last quarter. Finally, Contravisory Investment Management Inc. grew its position in Victory Capital by 53.2% during the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after acquiring an additional 199 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Stock Down 1.8 %

Shares of NASDAQ VCTR opened at $65.02 on Tuesday. Victory Capital Holdings, Inc. has a 52-week low of $33.91 and a 52-week high of $73.42. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $4.23 billion, a P/E ratio of 16.17, a P/E/G ratio of 0.56 and a beta of 0.90. The firm has a 50 day moving average price of $65.83 and a 200 day moving average price of $59.59.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Thursday, November 7th. The company reported $1.33 EPS for the quarter, meeting analysts’ consensus estimates of $1.33. Victory Capital had a net margin of 30.82% and a return on equity of 29.92%. The business had revenue of $225.63 million during the quarter, compared to analysts’ expectations of $225.75 million. During the same quarter in the prior year, the company earned $1.16 EPS. Analysts expect that Victory Capital Holdings, Inc. will post 5.22 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a $0.44 dividend. The ex-dividend date of this dividend was Monday, December 9th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 2.71%. Victory Capital’s payout ratio is currently 43.78%.

Wall Street Analysts Forecast Growth

VCTR has been the subject of several research analyst reports. Barclays lifted their price objective on Victory Capital from $69.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. B. Riley reiterated a “neutral” rating and set a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. BMO Capital Markets raised their price objective 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. Royal Bank of Canada upped their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group raised their price target on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $65.11.

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.