Cibc World Markets Corp Makes New Investment in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Cibc World Markets Corp acquired a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 3,849 shares of the company’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. World Investment Advisors LLC purchased a new stake in Victory Capital during the 3rd quarter valued at $918,000. Geode Capital Management LLC raised its stake in shares of Victory Capital by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after acquiring an additional 101,247 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in shares of Victory Capital during the third quarter worth about $565,000. Bank of Montreal Can grew its stake in shares of Victory Capital by 282.0% in the third quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock worth $2,412,000 after purchasing an additional 32,079 shares during the last quarter. Finally, Kingsview Wealth Management LLC purchased a new position in Victory Capital during the 3rd quarter valued at about $2,288,000. Institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

VCTR stock opened at $62.18 on Wednesday. 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 firm has a 50 day moving average price of $63.90 and a 200-day moving average price of $62.54. Victory Capital Holdings, Inc. has a 52-week low of $41.30 and a 52-week high of $73.42. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 0.55 and a beta of 0.90.

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

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 3.02%. Victory Capital’s payout ratio is 43.02%.

Wall Street Analysts Forecast Growth

VCTR has been the subject of several research analyst reports. B. Riley reiterated 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. JPMorgan Chase & Co. raised their price target on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. BMO Capital Markets boosted their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Barclays raised their target price on shares of Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Finally, Morgan Stanley boosted their price target 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. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $68.33.

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.