Geode Capital Management LLC Buys 7,786 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Geode Capital Management LLC lifted its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 0.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,044,511 shares of the company's stock after buying an additional 7,786 shares during the quarter. Geode Capital Management LLC owned about 1.61% of Victory Capital worth $68,390,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Principal Securities Inc. lifted its holdings in shares of Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after acquiring an additional 157 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Victory Capital in the 4th quarter valued at $43,000. FMR LLC increased its stake in shares of 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 purchasing an additional 206 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Victory Capital by 33.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company's stock worth $105,000 after buying an additional 482 shares in the last quarter. Finally, Convergence Investment Partners LLC acquired a new stake in Victory Capital in the fourth quarter valued at about $193,000. Institutional investors own 87.71% of the company's stock.

Victory Capital Trading Up 0.7 %

NASDAQ VCTR traded up $0.40 during mid-day trading on Friday, reaching $56.28. 218,570 shares of the stock were exchanged, compared to its average volume of 376,179. 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 market cap of $3.58 billion, a P/E ratio of 12.88, a P/E/G ratio of 0.55 and a beta of 0.86. The stock has a 50 day simple moving average of $60.06 and a 200-day simple moving average of $62.67. 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 posted its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. On average, analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.34%. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital's dividend payout ratio is presently 43.02%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. B. Riley reissued a "neutral" rating and set a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised their target price on shares of Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Bank of America lowered their price target on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Morgan Stanley boosted their price objective on Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Friday, December 20th. Finally, BMO Capital Markets boosted their price target on Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.