Empirical Financial Services LLC d.b.a. Empirical Wealth Management Grows Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,730 shares of the company’s stock after acquiring an additional 495 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Victory Capital were worth $310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VCTR. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Victory Capital in the 4th quarter valued at about $367,000. Annex Advisory Services LLC increased its stake in Victory Capital by 599.7% in the fourth quarter. Annex Advisory Services LLC now owns 173,562 shares of the company’s stock valued at $11,361,000 after purchasing an additional 148,756 shares during the last quarter. Ritholtz Wealth Management raised its holdings in Victory Capital by 44.4% during the fourth quarter. Ritholtz Wealth Management now owns 6,960 shares of the company’s stock worth $456,000 after purchasing an additional 2,140 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its position in shares of Victory Capital by 3.0% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 24,339 shares of the company’s stock worth $1,593,000 after buying an additional 712 shares during the last quarter. Finally, Argent Capital Management LLC boosted its holdings in shares of Victory Capital by 10.2% in the 4th quarter. Argent Capital Management LLC now owns 119,827 shares of the company’s stock valued at $7,844,000 after buying an additional 11,118 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Stock Performance

Shares of VCTR opened at $65.28 on Thursday. Victory Capital Holdings, Inc. has a 1 year low of $33.39 and a 1 year high of $73.42. The stock has a market capitalization of $4.25 billion, a P/E ratio of 16.24, a P/E/G 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 company’s fifty day moving average is $66.04 and its two-hundred day moving average is $59.25.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.33. Victory Capital had a net margin of 30.82% and a return on equity of 29.92%. The firm had revenue of $225.63 million during the quarter, compared to analysts’ expectations of $225.75 million. During the same period in the prior year, the company posted $1.16 earnings per share. On average, sell-side analysts predict that Victory Capital Holdings, Inc. will post 5.24 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were paid a $0.44 dividend. The ex-dividend date was Monday, December 9th. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.70%. Victory Capital’s payout ratio is 43.78%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VCTR. The Goldman Sachs Group boosted their price target on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Morgan Stanley upped their target price on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Barclays lifted their price target on Victory Capital from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. B. Riley reissued a “neutral” rating and issued a $60.00 price objective (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Finally, Royal Bank of Canada lifted their target price 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. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.