JPMorgan Chase & Co. Has $15.67 Million Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

JPMorgan Chase & Co. trimmed its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 35.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239,333 shares of the company's stock after selling 133,599 shares during the quarter. JPMorgan Chase & Co. owned 0.37% of Victory Capital worth $15,667,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. increased its position in shares of Victory Capital by 35.2% during the fourth 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. FMR LLC boosted its stake in shares of Victory Capital by 18.1% during the 3rd quarter. FMR LLC now owns 1,341 shares of the company's stock worth $74,000 after acquiring an additional 206 shares in the last quarter. HighTower Advisors LLC grew its stake in Victory Capital by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 9,351 shares of the company's stock valued at $520,000 after acquiring an additional 377 shares during the last quarter. TD Private Client Wealth LLC increased its stake 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 purchasing an additional 482 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Victory Capital by 11.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,730 shares of the company's stock valued at $310,000 after purchasing an additional 495 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Price Performance

Victory Capital stock traded up $0.49 during mid-day trading on Thursday, hitting $56.37. 29,363 shares of the company were exchanged, compared to its average volume of 377,443. 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 capitalization of $3.59 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86. Victory Capital Holdings, Inc. has a 1-year low of $43.82 and a 1-year high of $73.42. The business has a fifty day moving average of $60.33 and a 200 day moving average of $62.67.

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

Victory Capital Increases Dividend

The business also recently disclosed 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 is an increase from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.34%. Victory Capital's dividend payout ratio is currently 43.02%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley upped their price target on shares of Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Friday, December 20th. Barclays reduced their target price on Victory Capital from $75.00 to $59.00 and set an "equal weight" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective 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 research report on Thursday, April 3rd. Finally, BMO Capital Markets increased their price target on Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research note 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $69.67.

About Victory Capital

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.