Raymond James Financial Inc. Acquires New Shares in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Raymond James Financial Inc. purchased a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 58,254 shares of the company's stock, valued at approximately $3,813,000. Raymond James Financial Inc. owned 0.09% of Victory Capital as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of VCTR. Principal Securities Inc. lifted its position in 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 during the period. SBI Securities Co. Ltd. bought a new position in Victory Capital during the 4th quarter worth $43,000. Convergence Investment Partners LLC acquired a new position in shares of Victory Capital in the fourth quarter worth approximately $193,000. FourThought Financial Partners LLC acquired a new position in shares of Victory Capital in the 4th quarter worth approximately $211,000. Finally, Longboard Asset Management LP acquired a new position in Victory Capital in the fourth quarter valued at $230,000. 87.71% of the stock is owned by institutional investors.

Victory Capital Stock Performance

Shares of VCTR traded up $1.67 on Friday, reaching $59.08. 37,471 shares of the company's stock traded hands, compared to its average volume of 359,843. The stock's 50 day simple moving average is $57.97 and its two-hundred day simple moving average is $62.69. The stock has a market cap of $3.76 billion, a PE ratio of 13.60, a PEG ratio of 0.55 and a beta of 0.86. Victory Capital Holdings, Inc. has a 52-week low of $43.82 and a 52-week high of $73.42. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates 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 forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.18%. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. Victory Capital's dividend payout ratio is 43.02%.

Analyst Ratings Changes

Several brokerages have recently weighed in on VCTR. UBS Group dropped their price objective on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a report on Thursday. B. Riley restated a "neutral" rating and set a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Barclays cut 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, April 16th. JPMorgan Chase & Co. decreased their price target on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Bank of America dropped their price objective on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $69.33.

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.