Fort Washington Investment Advisors Inc. OH Takes $367,000 Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Fort Washington Investment Advisors Inc. OH acquired a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 5,610 shares of the company’s stock, valued at approximately $367,000.

Other hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. increased its stake in shares of Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after purchasing an additional 199 shares during the period. Farther Finance Advisors LLC increased 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 valued at $32,000 after acquiring an additional 452 shares during the period. USA Financial Formulas raised its stake in Victory Capital by 157.9% during the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after acquiring an additional 676 shares in the last quarter. Amalgamated Bank boosted its position in Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after acquiring an additional 479 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Victory Capital in the third quarter worth $72,000. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Price Performance

Shares of NASDAQ:VCTR opened at $66.39 on Friday. The company has a market capitalization of $4.32 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a fifty day moving average of $66.01 and a 200-day moving average of $58.72. Victory Capital Holdings, Inc. has a one year low of $33.39 and a one year high of $73.42.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Thursday, November 7th. The company reported $1.33 EPS for the quarter, meeting the consensus estimate of $1.33. The business had revenue of $225.63 million during the quarter, compared to the consensus estimate of $225.75 million. Victory Capital had a return on equity of 29.92% and a net margin of 30.82%. During the same period in the prior year, the business posted $1.16 earnings per share. As a group, equities analysts anticipate that Victory Capital Holdings, Inc. will post 5.24 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.65%. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, December 9th. Victory Capital’s dividend payout ratio (DPR) is presently 43.78%.

Analysts Set New Price Targets

Several research firms recently weighed in on VCTR. 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. Royal Bank of Canada upped their price target on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Barclays raised their price objective on shares of Victory Capital from $69.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Morgan Stanley upped their target price on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group lifted their price target on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Victory Capital has an average rating of “Hold” and an average target price of $65.11.

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.