Bard Financial Services Inc. Acquires 18,525 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Bard Financial Services Inc. raised its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 82.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,885 shares of the company's stock after purchasing an additional 18,525 shares during the period. Bard Financial Services Inc. owned 0.06% of Victory Capital worth $1,408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Corient Private Wealth LLC boosted its position in shares of Victory Capital by 126.8% in the third quarter. Corient Private Wealth LLC now owns 1,046,684 shares of the company's stock valued at $34,896,000 after acquiring an additional 585,225 shares during the period. Van Berkom & Associates Inc. lifted its position in Victory Capital by 19.2% during the third 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 during the period. LSV Asset Management lifted its position in Victory Capital by 22.2% during the third 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 during the period. Vanguard Group Inc. lifted its position in Victory Capital by 6.6% during the third 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 during the period. Finally, Bahl & Gaynor Inc. lifted its position in Victory Capital by 31.8% during the third quarter. Bahl & Gaynor Inc. now owns 783,773 shares of the company's stock worth $26,131,000 after purchasing an additional 189,052 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Trading Up 1.1 %

Shares of Victory Capital stock traded up $0.55 on Tuesday, hitting $52.80. The stock had a trading volume of 523,880 shares, compared to its average volume of 409,925. The stock has a 50 day moving average of $46.39 and a 200 day moving average of $38.70. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.71 and a current ratio of 0.71. Victory Capital Holdings, Inc. has a twelve month low of $28.66 and a twelve month high of $52.90. The firm has a market capitalization of $3.42 billion, a P/E ratio of 16.20, a PEG ratio of 0.46 and a beta of 0.92.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.48 annualized dividend and a dividend yield of 2.80%. This is an increase from Victory Capital's previous quarterly dividend of $0.34. Victory Capital's dividend payout ratio (DPR) is presently 41.10%.

Analyst Ratings Changes

Several research firms recently weighed in on VCTR. UBS Group upped their price objective on shares of Victory Capital from $37.00 to $48.00 and gave the stock a "neutral" rating in a research report on Monday, April 22nd. BMO Capital Markets reaffirmed an "outperform" rating and set a $57.00 price objective (up previously from $55.00) on shares of Victory Capital in a research report on Monday, May 13th. JPMorgan Chase & Co. upped their price objective on shares of Victory Capital from $43.00 to $45.00 and gave the stock a "neutral" rating in a research report on Monday, May 13th. Royal Bank of Canada increased their target price on shares of Victory Capital from $47.00 to $56.00 and gave the stock an "outperform" rating in a report on Tuesday, May 14th. Finally, B. Riley upped their price objective on shares of Victory Capital from $48.00 to $57.00 and gave the stock a "buy" rating in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $49.57.

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.