Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,966,221 shares of the company’s stock after purchasing an additional 79,240 shares during the period. Vanguard Group Inc. owned approximately 6.10% of Victory Capital worth $259,629,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. World Investment Advisors LLC acquired a new position in Victory Capital in the 3rd quarter valued at $918,000. Geode Capital Management LLC increased 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 worth $57,446,000 after acquiring an additional 101,247 shares during the period. McIlrath & Eck LLC acquired a new position in shares of Victory Capital during the third quarter worth about $565,000. Bank of Montreal Can raised its holdings in Victory Capital by 282.0% during the third quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock worth $2,412,000 after purchasing an additional 32,079 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Victory Capital by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company’s stock valued at $20,660,000 after purchasing an additional 11,785 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Trading Down 5.8 %

Shares of Victory Capital stock opened at $51.71 on Friday. The business has a 50 day moving average price of $62.57 and a 200 day moving average price of $62.73. The company has a market capitalization of $3.29 billion, a P/E ratio of 11.83, a P/E/G ratio of 0.55 and a beta of 0.86. 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 $42.10 and a 1 year high of $73.42.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data 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 return on equity of 31.08% and a net margin of 32.33%. Sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid 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 3.64%. The ex-dividend date was Tuesday, February 18th. Victory Capital’s dividend payout ratio (DPR) is currently 43.02%.

Wall Street Analyst Weigh In

VCTR has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price target on Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Barclays boosted their target price on shares of Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. B. Riley reiterated a “neutral” rating and issued a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. BMO Capital Markets boosted their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Bank of America lowered their target price on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Victory Capital currently has a consensus rating of “Hold” and an average price target of $71.44.

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.