Bahl & Gaynor Inc. Grows Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Bahl & Gaynor Inc. lifted its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 10.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,557,425 shares of the company’s stock after acquiring an additional 153,459 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Victory Capital were worth $101,949,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 452 shares during the period. Principal Securities Inc. increased its holdings in Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after purchasing an additional 157 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Victory Capital during the fourth quarter valued at approximately $43,000. Quantbot Technologies LP purchased a new stake in shares of Victory Capital in the 3rd quarter worth about $72,000. Finally, FMR LLC lifted its holdings in Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after buying an additional 206 shares during the period. Institutional investors own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VCTR shares. BMO Capital Markets boosted their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Royal Bank of Canada upped their target price on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Barclays raised their target price on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Finally, B. Riley reiterated a “neutral” rating and set a $60.00 price objective (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Victory Capital has an average rating of “Hold” and a consensus target price of $68.33.

Victory Capital Stock Down 2.7 %

Victory Capital stock opened at $62.34 on Tuesday. Victory Capital Holdings, Inc. has a 1-year low of $38.50 and a 1-year high of $73.42. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 0.55 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The business has a fifty day moving average price of $65.73 and a 200-day moving average price of $61.82.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Thursday, February 6th. The company reported $1.44 EPS 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%. Equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be issued a $0.47 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 3.02%. The ex-dividend date is Tuesday, February 18th. Victory Capital’s dividend payout ratio (DPR) is presently 43.02%.

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.