Dimensional Fund Advisors LP Buys 33,090 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Dimensional Fund Advisors LP increased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,425,568 shares of the company's stock after purchasing an additional 33,090 shares during the period. Dimensional Fund Advisors LP owned approximately 2.19% of Victory Capital worth $93,320,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in shares of Victory Capital by 113.2% in 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 last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Victory Capital during the fourth quarter valued at approximately $17,755,000. TimesSquare Capital Management LLC lifted its stake in shares of Victory Capital by 20.5% in the 4th 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. boosted its holdings in shares of Victory Capital by 10.9% in 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 increased its position 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 purchasing an additional 148,756 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

Analyst Ratings Changes

VCTR has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. B. Riley restated a "neutral" rating and issued a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Barclays cut their price target on shares of Victory Capital from $75.00 to $59.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Bank of America decreased their price objective 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. Finally, UBS Group cut their target price on Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Victory Capital has an average rating of "Hold" and an average price target of $69.33.

Victory Capital Trading Up 3.8 %

VCTR traded up $2.18 on Friday, reaching $59.59. 276,943 shares of the company traded hands, compared to its average volume of 359,996. 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 company has a market cap of $3.79 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05. The firm has a fifty day simple moving average of $57.90 and a two-hundred day simple moving average of $62.72. Victory Capital Holdings, Inc. has a one year low of $43.82 and a one year high of $73.42.

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

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.15%. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. Victory Capital's dividend payout ratio (DPR) is currently 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.