2,954 Shares in Victory Capital Holdings, Inc. (NASDAQ:VCTR) Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC bought a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,954 shares of the company’s stock, valued at approximately $193,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in Victory Capital by 113.2% during the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock worth $115,990,000 after buying an additional 1,051,459 shares during the last quarter. State Street Corp increased its holdings in Victory Capital by 6.4% during the third quarter. State Street Corp now owns 1,162,842 shares of the company’s stock worth $64,421,000 after buying an additional 69,654 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Victory Capital by 10.8% in the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after purchasing an additional 101,247 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Victory Capital by 28.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company’s stock valued at $25,170,000 after purchasing an additional 100,614 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Victory Capital by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company’s stock valued at $20,660,000 after purchasing an additional 11,785 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Trading Down 0.7 %

VCTR stock opened at $67.92 on Thursday. 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 50-day simple moving average is $65.70 and its 200 day simple moving average is $60.89. Victory Capital Holdings, Inc. has a 52 week low of $36.02 and a 52 week high of $73.42. The company has a market capitalization of $4.42 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 0.58 and a beta of 0.89.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. As a group, sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 6.06 earnings per share for the current year.

Victory Capital Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VCTR shares. Royal Bank of Canada upped 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. Morgan Stanley upped their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. JPMorgan Chase & Co. upped 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. The Goldman Sachs Group upped their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, BMO Capital Markets upped their price objective 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. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus 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.