Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Bought by Royce & Associates LP

Royce & Associates LP lifted its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 99.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,683 shares of the company’s stock after buying an additional 138,700 shares during the quarter. Royce & Associates LP owned approximately 0.43% of Victory Capital worth $18,243,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Victory Capital by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 47,626 shares of the company’s stock worth $2,638,000 after acquiring an additional 722 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of Victory Capital by 6.7% during the third quarter. Apollon Wealth Management LLC now owns 10,508 shares of the company’s stock worth $582,000 after purchasing an additional 658 shares during the last quarter. Victory Capital Management Inc. grew its stake in Victory Capital by 3.2% in the third quarter. Victory Capital Management Inc. now owns 29,372 shares of the company’s stock worth $1,627,000 after purchasing an additional 919 shares in the last quarter. Empowered Funds LLC increased its holdings in Victory Capital by 24.5% in the third quarter. Empowered Funds LLC now owns 37,768 shares of the company’s stock valued at $2,092,000 after buying an additional 7,426 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Victory Capital during the third quarter valued at approximately $585,000. Institutional investors own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BMO Capital Markets boosted their price target on Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Barclays increased their target price on shares of Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. B. Riley restated a “neutral” rating and issued a $60.00 price target (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Morgan Stanley boosted their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $68.33.

Victory Capital Price Performance

Shares of NASDAQ:VCTR opened at $57.97 on Monday. 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’s 50 day moving average is $64.15 and its two-hundred day moving average is $62.17. The firm has a market capitalization of $3.69 billion, a P/E ratio of 13.27, a PEG ratio of 0.55 and a beta of 0.90. Victory Capital Holdings, Inc. has a 52 week low of $39.38 and a 52 week high of $73.42.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 3.24%. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio is presently 43.02%.

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.