Dagco Inc. Takes $326,000 Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Dagco Inc. purchased a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,976 shares of the company's stock, valued at approximately $326,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company's stock valued at $74,000 after buying an additional 206 shares during the period. HighTower Advisors LLC increased its stake in shares of Victory Capital by 4.2% in the third quarter. HighTower Advisors LLC now owns 9,351 shares of the company's stock worth $520,000 after acquiring an additional 377 shares during the last quarter. State Street Corp boosted its position in Victory Capital by 6.4% during the third quarter. State Street Corp now owns 1,162,842 shares of the company's stock valued at $64,421,000 after purchasing an additional 69,654 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Victory Capital in the third quarter valued at about $211,000. Finally, Barclays PLC raised its position in Victory Capital by 110.6% during the third quarter. Barclays PLC now owns 99,367 shares of the company's stock valued at $5,506,000 after acquiring an additional 52,191 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

Victory Capital Stock Up 0.7 %

VCTR stock traded up $0.40 during mid-day trading on Friday, reaching $56.28. The company had a trading volume of 218,570 shares, compared to its average volume of 374,626. Victory Capital Holdings, Inc. has a 52 week low of $43.82 and a 52 week high of $73.42. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 12.88, a PEG 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. The stock has a 50 day simple moving average of $59.81 and a two-hundred day simple moving average of $62.68.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.44 EPS 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%. As a group, equities analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued 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 annualized dividend and a dividend yield of 3.34%. Victory Capital's payout ratio is presently 43.02%.

Wall Street Analysts Forecast Growth

VCTR has been the topic of several analyst reports. 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, April 3rd. Barclays reduced their target price on Victory Capital from $75.00 to $59.00 and set an "equal weight" rating for the company in a report on Wednesday. JPMorgan Chase & Co. increased 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. 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 research note on Monday, February 10th. Finally, Morgan Stanley raised their target price on shares of Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a research note on Friday, December 20th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $69.67.

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.