Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Bought by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. raised its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 822,668 shares of the company's stock after buying an additional 38,895 shares during the period. Bahl & Gaynor Inc. owned about 1.25% of Victory Capital worth $28,333,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VCTR. Vanguard Group Inc. lifted its stake in Victory Capital by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,107,427 shares of the company's stock worth $103,602,000 after purchasing an additional 191,957 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in Victory Capital by 19.2% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company's stock worth $60,537,000 after purchasing an additional 292,225 shares in the last quarter. LSV Asset Management lifted its stake in Victory Capital by 22.2% in the 3rd quarter. LSV Asset Management now owns 1,380,922 shares of the company's stock worth $46,040,000 after purchasing an additional 250,600 shares in the last quarter. Corient Private Wealth LLC lifted its stake in Victory Capital by 126.8% in the 3rd quarter. Corient Private Wealth LLC now owns 1,046,684 shares of the company's stock worth $34,896,000 after purchasing an additional 585,225 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Victory Capital by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 545,269 shares of the company's stock worth $18,179,000 after purchasing an additional 22,192 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VCTR has been the topic of a number of research reports. B. Riley raised their target price on shares of Victory Capital from $48.00 to $57.00 and gave the stock a "buy" rating in a research note on Friday, April 19th. UBS Group raised their target price on shares of Victory Capital from $37.00 to $48.00 and gave the stock a "neutral" rating in a research note on Monday. BMO Capital Markets lifted their price target on shares of Victory Capital from $53.00 to $55.00 and gave the company an "outperform" rating in a research report on Wednesday, April 17th. Royal Bank of Canada lifted their price target on shares of Victory Capital from $40.00 to $43.00 and gave the company an "outperform" rating in a research report on Tuesday, February 13th. Finally, Morgan Stanley lifted their price target on shares of Victory Capital from $30.00 to $32.00 and gave the company an "underweight" rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $46.67.

Victory Capital Trading Up 2.9 %

Shares of VCTR stock traded up $1.43 during trading on Friday, hitting $51.58. 542,143 shares of the stock traded hands, compared to its average volume of 395,022. The firm has a market capitalization of $3.32 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 0.45 and a beta of 1.00. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.66. Victory Capital Holdings, Inc. has a 52-week low of $27.73 and a 52-week high of $51.67. The firm's fifty day moving average price is $41.61 and its 200-day moving average price is $35.92.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its earnings results on Friday, February 9th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.02. The company had revenue of $205.80 million for the quarter, compared to analyst estimates of $204.20 million. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 earnings per share. As a group, research analysts forecast that Victory Capital Holdings, Inc. will post 5.14 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were given a $0.335 dividend. This is a positive change from Victory Capital's previous quarterly dividend of $0.32. The ex-dividend date was Friday, March 8th. This represents a $1.34 dividend on an annualized basis and a yield of 2.60%. Victory Capital's payout ratio is presently 42.81%.

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.

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