JPMorgan Chase & Co. Has $20.66 Million Stock Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

JPMorgan Chase & Co. boosted its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 3.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 372,932 shares of the company’s stock after acquiring an additional 11,785 shares during the quarter. JPMorgan Chase & Co.’s holdings in Victory Capital were worth $20,660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in shares of Victory Capital by 18.4% in the 2nd quarter. Principal Financial Group Inc. now owns 46,904 shares of the company’s stock valued at $2,239,000 after purchasing an additional 7,281 shares in the last quarter. Rhumbline Advisers lifted its stake in Victory Capital by 41.2% in the 2nd quarter. Rhumbline Advisers now owns 54,426 shares of the company’s stock valued at $2,598,000 after purchasing an additional 15,881 shares during the last quarter. Victory Capital Management Inc. boosted its position in Victory Capital by 166.6% in the second quarter. Victory Capital Management Inc. now owns 28,453 shares of the company’s stock valued at $1,358,000 after buying an additional 17,781 shares in the last quarter. Arizona State Retirement System boosted its position in Victory Capital by 19.3% in the second quarter. Arizona State Retirement System now owns 10,818 shares of the company’s stock valued at $516,000 after buying an additional 1,750 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Victory Capital during the second quarter worth $1,204,000. Institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Up 3.9 %

Victory Capital stock opened at $63.33 on Thursday. The firm has a 50 day moving average price of $65.68 and a two-hundred day moving average price of $57.52. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital Holdings, Inc. has a 52-week low of $32.55 and a 52-week high of $73.42. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.59 and a beta of 0.90.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.76 dividend on an annualized basis and a yield of 2.78%. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio is 43.78%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VCTR. B. Riley reiterated a “neutral” rating and issued a $60.00 price target (up from $57.00) on shares of Victory Capital in a research note on Tuesday. Morgan Stanley boosted their price target on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Royal Bank of Canada raised their price objective on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. UBS Group boosted their target price on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Barclays raised their price target on shares of Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Victory Capital currently has a consensus rating of “Hold” and a consensus price target of $65.00.

About Victory Capital

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.