Basswood Capital Management L.L.C. lowered its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 38.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 264,567 shares of the company's stock after selling 162,845 shares during the period. Basswood Capital Management L.L.C. owned 0.41% of Victory Capital worth $17,319,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Franklin Resources Inc. lifted its stake 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 during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Victory Capital during the fourth quarter valued at $17,755,000. TimesSquare Capital Management LLC boosted its holdings in Victory Capital by 20.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company's stock valued at $63,899,000 after purchasing an additional 166,265 shares during the last quarter. Bahl & Gaynor Inc. grew its position in Victory Capital by 10.9% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock worth $101,949,000 after purchasing an additional 153,459 shares during the period. Finally, Annex Advisory Services LLC raised its stake in shares of Victory Capital by 599.7% during the 4th quarter. Annex Advisory Services LLC now owns 173,562 shares of the company's stock valued at $11,361,000 after buying an additional 148,756 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.
Victory Capital Price Performance
Shares of NASDAQ VCTR traded up $0.40 during midday trading on Wednesday, hitting $58.58. The stock had a trading volume of 449,204 shares, compared to its average volume of 358,791. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The stock has a 50 day simple moving average of $57.61 and a 200-day simple moving average of $62.64. The company has a market capitalization of $3.73 billion, a PE ratio of 13.40, a P/E/G 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.
Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings data 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%. On average, sell-side analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.
Victory Capital Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.21%. The ex-dividend date was Tuesday, February 18th. This is a boost from Victory Capital's previous quarterly dividend of $0.44. Victory Capital's dividend payout ratio is currently 43.02%.
Wall Street Analysts Forecast Growth
VCTR has been the topic of several analyst reports. BMO Capital Markets raised their target price on Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. UBS Group cut their target price on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. decreased their price objective on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Bank of America reduced their price target on Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, Barclays cut their price objective on Victory Capital from $75.00 to $59.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $69.33.
Check Out Our Latest Stock Analysis on VCTR
Victory Capital Company 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.
Further Reading
Before you consider Victory Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Victory Capital wasn't on the list.
While Victory Capital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
