First Trust Advisors LP Increases Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

First Trust Advisors LP boosted its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 76.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 78,642 shares of the company's stock after acquiring an additional 33,953 shares during the period. First Trust Advisors LP owned 0.12% of Victory Capital worth $5,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Barclays PLC lifted its holdings in Victory Capital by 110.6% in the 3rd quarter. Barclays PLC now owns 99,367 shares of the company's stock valued at $5,506,000 after purchasing an additional 52,191 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Victory Capital in the third quarter valued at approximately $918,000. Franklin Resources Inc. lifted its stake in shares of Victory Capital by 113.2% during the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock valued at $115,990,000 after buying an additional 1,051,459 shares during the period. Principal Financial Group Inc. boosted its position in Victory Capital by 1.5% during the third quarter. Principal Financial Group Inc. now owns 47,626 shares of the company's stock worth $2,638,000 after acquiring an additional 722 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Victory Capital by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company's stock worth $20,660,000 after acquiring an additional 11,785 shares during the period. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Trading Up 3.8 %

VCTR stock traded up $2.18 during midday trading on Friday, reaching $59.59. 276,943 shares of the company's stock traded hands, compared to its average volume of 359,996. Victory Capital Holdings, Inc. has a fifty-two week low of $43.82 and a fifty-two week high of $73.42. The business has a 50-day moving average price of $57.90 and a two-hundred day moving average price of $62.72. The company has a market capitalization of $3.79 billion, a P/E ratio of 13.64, a PEG ratio of 0.55 and a beta of 1.05. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19.

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 for the quarter, topping analysts' consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. Equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS 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. This represents a $1.88 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Tuesday, February 18th. Victory Capital's dividend payout ratio (DPR) is presently 43.02%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on VCTR shares. BMO Capital Markets raised their price objective on Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. B. Riley reissued a "neutral" rating and issued a $60.00 price target (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Bank of America dropped 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. UBS Group decreased their target price on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their price target 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. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $69.33.

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.