Aptus Capital Advisors LLC Buys New Shares in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Aptus Capital Advisors LLC purchased a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 80,117 shares of the company's stock, valued at approximately $5,244,000. Aptus Capital Advisors LLC owned 0.12% of Victory Capital as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Victory Capital by 110.6% in the 3rd quarter. Barclays PLC now owns 99,367 shares of the company's stock worth $5,506,000 after purchasing an additional 52,191 shares during the period. World Investment Advisors LLC purchased a new stake in Victory Capital in the third quarter worth about $918,000. Franklin Resources Inc. boosted its position in Victory Capital by 113.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock valued at $115,990,000 after acquiring an additional 1,051,459 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Victory Capital by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company's stock worth $20,660,000 after acquiring an additional 11,785 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. lifted its stake in shares of Victory Capital by 9.5% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 26,193 shares of the company's stock valued at $1,715,000 after purchasing an additional 2,278 shares during the period. Institutional investors own 87.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on VCTR shares. UBS Group reduced their price target on Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. reduced their target price on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. B. Riley reissued a "neutral" rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Bank of America cut their price objective on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, BMO Capital Markets lifted their target price on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $69.33.

Victory Capital Stock Up 0.7 %

NASDAQ VCTR traded up $0.40 during mid-day trading on Wednesday, reaching $58.58. The stock had a trading volume of 449,204 shares, compared to its average volume of 358,791. The stock has a market cap of $3.73 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05. Victory Capital Holdings, Inc. has a 1 year low of $43.82 and a 1 year high of $73.42. 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 company has a fifty day moving average price of $57.61 and a 200 day moving average price of $62.64.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.44 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%. On average, research analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a dividend of $0.47 per share. This is an increase from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 3.21%. Victory Capital's dividend payout ratio is 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.