Bank of Montreal Can Buys 85,397 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Bank of Montreal Can raised its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 196.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,850 shares of the company’s stock after acquiring an additional 85,397 shares during the period. Bank of Montreal Can’s holdings in Victory Capital were worth $8,435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. World Investment Advisors LLC acquired a new position in Victory Capital in the 3rd quarter valued at $918,000. Geode Capital Management LLC grew its stake 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 acquiring an additional 101,247 shares in the last quarter. McIlrath & Eck LLC bought a new position in Victory Capital during the third quarter worth about $565,000. JPMorgan Chase & Co. increased its position in Victory Capital by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company’s stock worth $20,660,000 after acquiring an additional 11,785 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Victory Capital by 10.9% in the 4th quarter. Principal Financial Group Inc. now owns 52,830 shares of the company’s stock worth $3,458,000 after purchasing an additional 5,204 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. B. Riley reaffirmed a “neutral” rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Bank of America lowered their price objective on Victory Capital from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. 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 research report on Monday, February 10th. Barclays increased their target price on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Victory Capital currently has a consensus rating of “Hold” and an average target price of $71.44.

Victory Capital Trading Up 1.8 %

VCTR opened at $55.06 on Monday. The company has a market cap of $3.51 billion, a P/E ratio of 12.60, a PEG ratio of 0.55 and a beta of 0.86. 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 is $60.99 and its 200-day moving average is $62.75. Victory Capital Holdings, Inc. has a 1-year low of $42.10 and a 1-year high of $73.42.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. Equities research analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share 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 given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 3.41%. Victory Capital’s dividend payout ratio (DPR) is currently 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.