Mackenzie Financial Corp Has $1.29 Million Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Mackenzie Financial Corp boosted its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 209.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,775 shares of the company's stock after buying an additional 13,380 shares during the period. Mackenzie Financial Corp's holdings in Victory Capital were worth $1,294,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in VCTR. Covestor Ltd increased its position in Victory Capital by 3,207.1% during the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after acquiring an additional 449 shares during the period. Principal Securities Inc. grew its position in Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after purchasing an additional 157 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Victory Capital during the 4th quarter worth about $43,000. Convergence Investment Partners LLC bought a new position in shares of Victory Capital during the 4th quarter worth about $193,000. Finally, FourThought Financial Partners LLC acquired a new position in shares of Victory Capital during the fourth quarter valued at about $211,000. 87.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on VCTR shares. Royal Bank of Canada raised their price objective on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. B. Riley boosted their price objective on Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen lowered Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Bank of America reduced their price target 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $71.56.

Victory Capital Trading Up 0.3%

Shares of NASDAQ:VCTR traded up $0.18 during trading on Wednesday, hitting $62.59. 168,409 shares of the company's stock were exchanged, compared to its average volume of 348,201. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a market cap of $4.21 billion, a P/E ratio of 14.32, a PEG ratio of 0.55 and a beta of 1.05. The firm has a 50-day moving average price of $58.90 and a two-hundred day moving average price of $62.70. 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 released its earnings results on Thursday, May 8th. The company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.02). Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The business had revenue of $219.60 million for the quarter, compared to analyst estimates of $226.38 million. During the same period in the prior year, the firm posted $1.25 EPS. Victory Capital's revenue was up 1.7% on a year-over-year basis. Equities analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.49 per share. This is a positive change from Victory Capital's previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Tuesday, June 10th. Victory Capital's payout ratio is presently 43.65%.

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.