HighTower Advisors LLC Grows Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

HighTower Advisors LLC boosted its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,915 shares of the company’s stock after acquiring an additional 564 shares during the quarter. HighTower Advisors LLC’s holdings in Victory Capital were worth $649,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of VCTR. Franklin Resources Inc. grew its stake in shares of Victory Capital by 113.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after purchasing an additional 1,051,459 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Victory Capital during the 4th quarter valued at $17,755,000. TimesSquare Capital Management LLC grew its holdings in Victory Capital by 20.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company’s stock valued at $63,899,000 after purchasing an additional 166,265 shares during the last quarter. Bahl & Gaynor Inc. lifted its stake in shares of Victory Capital by 10.9% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company’s stock worth $101,949,000 after acquiring an additional 153,459 shares during the last quarter. Finally, Annex Advisory Services LLC increased its stake in Victory Capital by 599.7% in the 4th quarter. Annex Advisory Services LLC now owns 173,562 shares of the company’s stock worth $11,361,000 after buying an additional 148,756 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. 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 reissued a “neutral” rating and set a $60.00 price objective (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Morgan Stanley raised their target price on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. BMO Capital Markets upped their price target on shares of Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $68.33.

Victory Capital Trading Down 4.0 %

Shares of VCTR stock opened at $57.44 on Friday. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 0.55 and a beta of 0.90. 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 company’s 50-day moving average price is $63.54 and its 200-day moving average price is $62.55. Victory Capital Holdings, Inc. has a twelve month low of $41.30 and a twelve month high of $73.42.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. As a group, equities analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.27%. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital’s payout ratio is 43.02%.

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.