271,232 Shares in Victory Capital Holdings, Inc. (NASDAQ:VCTR) Acquired by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the 4th quarter, Holdings Channel.com reports. The fund purchased 271,232 shares of the company’s stock, valued at approximately $17,755,000. Victory Capital accounts for about 0.8% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ portfolio, making the stock its 21st largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 452 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Victory Capital in the third quarter valued at approximately $72,000. FMR LLC raised its position in Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after purchasing an additional 206 shares during the last quarter. TD Private Client Wealth LLC lifted its position in Victory Capital by 33.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock worth $105,000 after acquiring an additional 482 shares during the period. Finally, Blue Trust Inc. raised its holdings in Victory Capital by 170.0% during the third quarter. Blue Trust Inc. now owns 3,105 shares of the company’s stock worth $172,000 after purchasing an additional 1,955 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on VCTR shares. BMO Capital Markets upped their target price on Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a report on Monday. Morgan Stanley increased their price objective on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. B. Riley reissued a “neutral” rating and issued a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Barclays raised their price target on shares of Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Royal Bank of Canada boosted their price objective on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Five equities research 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 has an average rating of “Hold” and an average target price of $66.11.

Victory Capital Stock Down 1.4 %

Shares of VCTR opened at $67.86 on Thursday. The firm has a market cap of $4.41 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 0.55 and a beta of 0.89. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The company’s fifty day moving average is $65.46 and its two-hundred day moving average is $60.27. Victory Capital Holdings, Inc. has a fifty-two week low of $34.49 and a fifty-two week high of $73.42.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating 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%. Analysts forecast that Victory Capital Holdings, Inc. will post 6.06 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, February 18th. Victory Capital’s payout ratio is 40.27%.

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.