Capital World Investors Boosts Stock Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Capital World Investors grew its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,231,009 shares of the company's stock after purchasing an additional 11,654 shares during the quarter. Capital World Investors owned approximately 4.97% of Victory Capital worth $211,502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in VCTR. Covestor Ltd lifted its position in shares of Victory Capital by 3,207.1% during the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after buying an additional 449 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after purchasing an additional 157 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Victory Capital in the fourth quarter worth $43,000. FMR LLC increased its stake in shares of Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company's stock worth $74,000 after purchasing an additional 206 shares in the last quarter. Finally, Convergence Investment Partners LLC purchased a new position in shares of Victory Capital during the 4th quarter valued at $193,000. Institutional investors own 87.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VCTR shares. B. Riley reiterated a "neutral" rating and set a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Bank of America cut their target price on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. JPMorgan Chase & Co. boosted their price target on shares of Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. 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 report on Monday, February 10th. Finally, Barclays cut their price target on Victory Capital from $75.00 to $59.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $69.67.

Victory Capital Trading Down 1.1 %

NASDAQ VCTR traded down $0.62 on Friday, hitting $57.77. 155,391 shares of the stock were exchanged, compared to its average volume of 365,161. The firm has a market capitalization of $3.68 billion, a P/E ratio of 13.22, a P/E/G ratio of 0.55 and a beta of 0.86. Victory Capital Holdings, Inc. has a 52-week low of $43.82 and a 52-week high of $73.42. The stock has a fifty day moving average price of $58.64 and a two-hundred day moving average price of $62.70. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, topping 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%. Research analysts forecast 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 $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a yield of 3.25%. Victory Capital's dividend payout ratio is 43.02%.

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.