Voya Investment Management LLC grew its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 966.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,799 shares of the company's stock after buying an additional 128,508 shares during the quarter. Voya Investment Management LLC owned 0.22% of Victory Capital worth $9,282,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VCTR. Covestor Ltd raised its position in shares of Victory Capital by 3,207.1% in the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after buying an additional 449 shares during the period. Principal Securities Inc. grew its position in shares of 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 buying an additional 157 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Victory Capital in the 4th quarter worth about $43,000. Convergence Investment Partners LLC bought a new stake in Victory Capital in the fourth quarter valued at about $193,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Victory Capital during the 4th quarter valued at approximately $211,000. Institutional investors and hedge funds own 87.71% of the company's stock.
Victory Capital Price Performance
Shares of Victory Capital stock traded up $2.18 during mid-day trading on Friday, reaching $59.59. 276,943 shares of the stock were exchanged, compared to its average volume of 359,996. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05. Victory Capital Holdings, Inc. has a fifty-two week low of $43.82 and a fifty-two 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. The firm has a 50-day simple moving average of $57.90 and a 200 day simple moving average of $62.72.
Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates 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, sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.
Victory Capital Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a $0.47 dividend. This is a boost from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital's dividend payout ratio (DPR) is 43.02%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on VCTR. Bank of America reduced their price objective on Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. B. Riley reaffirmed a "neutral" rating and issued a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. 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 note on Monday, February 10th. JPMorgan Chase & Co. lowered their price target on Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, Barclays lowered their price objective on shares of Victory Capital from $75.00 to $59.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $69.33.
View Our Latest Stock Analysis on VCTR
Victory Capital Profile
(
Free Report)
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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