Northern Trust Corp Purchases 23,463 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Northern Trust Corp raised its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 435,766 shares of the company's stock after acquiring an additional 23,463 shares during the period. Northern Trust Corp owned approximately 0.67% of Victory Capital worth $28,525,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in VCTR. Covestor Ltd increased its stake in Victory Capital by 3,207.1% during the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after purchasing an additional 449 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after buying an additional 157 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Victory Capital in the 4th quarter valued at $43,000. Convergence Investment Partners LLC purchased a new stake in shares of Victory Capital during the 4th quarter worth $193,000. Finally, FourThought Financial Partners LLC acquired a new position in shares of Victory Capital in the fourth quarter valued at approximately $211,000. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Trading Up 3.3%

Shares of VCTR stock traded up $2.04 on Tuesday, hitting $64.76. The stock had a trading volume of 576,555 shares, compared to its average volume of 354,701. The company's 50 day moving average price is $57.76 and its 200-day moving average price is $62.73. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital Holdings, Inc. has a 1 year low of $43.82 and a 1 year high of $73.42. The firm has a market capitalization of $4.12 billion, a P/E ratio of 14.82, a P/E/G ratio of 0.55 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.02). Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The company had revenue of $219.60 million for the quarter, compared to analysts' expectations of $226.38 million. During the same period in the previous year, the business posted $1.25 EPS. The business's quarterly revenue was up 1.7% on a year-over-year basis. Analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Tuesday, June 10th. This is a boost from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's dividend payout ratio (DPR) is 43.02%.

Wall Street Analyst Weigh In

VCTR has been the topic of a number of research reports. Royal Bank of Canada increased their target price on shares of Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a report on Tuesday. BMO Capital Markets raised their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lowered their price objective on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. UBS Group reduced their target price on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Bank of America dropped their price objective on Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $70.00.

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.