Barclays PLC lowered its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 15.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,421 shares of the company's stock after selling 14,946 shares during the quarter. Barclays PLC owned approximately 0.13% of Victory Capital worth $5,526,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Summit Investment Advisors Inc. grew its position in Victory Capital by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company's stock worth $282,000 after purchasing an additional 273 shares in the last quarter. Covestor Ltd raised its position in Victory Capital by 3,207.1% during the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after buying an additional 449 shares during the period. Raymond James Financial Inc. purchased a new stake in Victory Capital in the 4th quarter worth about $3,813,000. Legal & General Group Plc boosted its position in Victory Capital by 25.7% during the 4th quarter. Legal & General Group Plc now owns 48,065 shares of the company's stock worth $3,146,000 after acquiring an additional 9,812 shares during the period. Finally, Invesco Ltd. grew its stake in Victory Capital by 3.2% during the 4th quarter. Invesco Ltd. now owns 576,921 shares of the company's stock valued at $37,765,000 after acquiring an additional 17,621 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently commented on VCTR shares. Barclays decreased their price target on shares of Victory Capital from $75.00 to $59.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. UBS Group reduced their price target on Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research report on Thursday. BMO Capital Markets raised their price objective 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. decreased their target price on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday. 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $69.33.
Read Our Latest Stock Analysis on VCTR
Victory Capital Price Performance
Shares of NASDAQ VCTR traded up $0.70 during mid-day trading on Thursday, hitting $57.99. 54,820 shares of the stock were exchanged, compared to its average volume of 360,675. Victory Capital Holdings, Inc. has a twelve month low of $43.82 and a twelve month high of $73.42. The stock's fifty day simple moving average is $58.10 and its two-hundred day simple moving average is $62.69. 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 company has a market cap of $3.69 billion, a P/E ratio of 13.32, a PEG ratio of 0.55 and a beta of 0.86.
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 for the quarter, beating analysts' consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. As a group, analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.
Victory Capital Increases Dividend
The business also recently declared 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 of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 3.24%. Victory Capital's dividend payout ratio is 43.02%.
Victory Capital Profile
(
Free Report)
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.
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