Keeley Teton Advisors LLC Lowers Stock Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Keeley Teton Advisors LLC reduced its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,045 shares of the company's stock after selling 8,167 shares during the quarter. Victory Capital accounts for about 0.9% of Keeley Teton Advisors LLC's investment portfolio, making the stock its 15th largest position. Keeley Teton Advisors LLC owned 0.19% of Victory Capital worth $7,924,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Franklin Resources Inc. grew its position in Victory Capital by 113.2% in the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock worth $115,990,000 after acquiring an additional 1,051,459 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Victory Capital during the fourth quarter worth about $17,755,000. TimesSquare Capital Management LLC boosted its holdings in shares of Victory Capital by 20.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company's stock worth $63,899,000 after purchasing an additional 166,265 shares in the last quarter. Bahl & Gaynor Inc. increased its position in shares of Victory Capital by 10.9% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock valued at $101,949,000 after purchasing an additional 153,459 shares during the last quarter. Finally, Annex Advisory Services LLC raised its holdings in shares of Victory Capital by 599.7% during the 4th quarter. Annex Advisory Services LLC now owns 173,562 shares of the company's stock valued at $11,361,000 after buying an additional 148,756 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

Analysts Set New Price Targets

VCTR has been the subject of several research reports. Bank of America cut their target price on Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. BMO Capital Markets upped their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Barclays decreased their target price on shares of Victory Capital from $75.00 to $59.00 and set an "equal weight" rating on the stock in a research report on Wednesday. B. Riley restated a "neutral" rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised their price objective on Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $69.67.

Victory Capital Trading Up 0.7 %

Shares of NASDAQ VCTR traded up $0.40 during trading hours on Friday, hitting $56.28. The company's stock had a trading volume of 218,570 shares, compared to its average volume of 372,869. The business has a 50-day simple moving average of $59.81 and a 200-day simple moving average of $62.73. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.55 and a beta of 0.86. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital Holdings, Inc. has a 12 month low of $43.82 and a 12 month high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. On average, analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.34%. This is a boost from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. Victory Capital's dividend payout ratio (DPR) is currently 43.02%.

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.