Mackenzie Financial Corp Boosts Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Mackenzie Financial Corp lifted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 209.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,775 shares of the company's stock after acquiring an additional 13,380 shares during the period. Mackenzie Financial Corp's holdings in Victory Capital were worth $1,294,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VCTR. Covestor Ltd raised its holdings in shares of Victory Capital by 3,207.1% in the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after purchasing an additional 449 shares during the last quarter. 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in Victory Capital in the 4th quarter worth about $43,000. Convergence Investment Partners LLC bought a new stake in Victory Capital in the 4th quarter worth about $193,000. Finally, FourThought Financial Partners LLC bought a new stake in Victory Capital in the 4th quarter worth about $211,000. Institutional investors and hedge funds own 87.71% of the company's stock.

Victory Capital Stock Performance

Victory Capital stock traded up $0.09 during mid-day trading on Wednesday, reaching $62.50. The company's stock had a trading volume of 38,709 shares, compared to its average volume of 348,020. Victory Capital Holdings, Inc. has a 12-month low of $43.82 and a 12-month high of $73.42. The company has a market capitalization of $4.20 billion, a P/E ratio of 14.31, a PEG ratio of 0.55 and a beta of 1.05. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The firm's fifty day moving average price is $58.80 and its two-hundred day moving average price is $62.70.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.02). The company had revenue of $219.60 million during the quarter, compared to analysts' expectations of $226.38 million. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. Victory Capital's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 earnings per share. Sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.14%. This is an increase from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, June 10th. Victory Capital's dividend payout ratio is presently 43.65%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. reduced 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. Barclays upped their price objective on shares of Victory Capital from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. UBS Group decreased their price target on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Finally, B. Riley upped their price objective on Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $71.56.

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.