F M Investments LLC Trims Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

F M Investments LLC trimmed its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 61.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,547 shares of the company’s stock after selling 174,674 shares during the period. F M Investments LLC’s holdings in Victory Capital were worth $7,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Victory Capital by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 3,966,221 shares of the company’s stock worth $259,629,000 after purchasing an additional 79,240 shares in the last quarter. Franklin Resources Inc. raised its holdings in Victory Capital by 1.6% during the fourth quarter. Franklin Resources Inc. now owns 2,011,963 shares of the company’s stock worth $131,703,000 after purchasing an additional 31,944 shares in the last quarter. Bahl & Gaynor Inc. increased its position in Victory Capital by 10.9% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company’s stock worth $101,949,000 after buying an additional 153,459 shares during the period. State Street Corp raised its holdings in shares of Victory Capital by 6.4% in the third quarter. State Street Corp now owns 1,162,842 shares of the company’s stock valued at $64,421,000 after buying an additional 69,654 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Victory Capital by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,044,511 shares of the company’s stock valued at $68,390,000 after purchasing an additional 7,786 shares during the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Stock Up 13.0 %

VCTR opened at $57.93 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 has a market capitalization of $3.69 billion, a P/E ratio of 13.26, a P/E/G ratio of 0.55 and a beta of 0.86. The stock has a fifty day moving average of $61.41 and a 200-day moving average of $62.70. Victory Capital Holdings, Inc. has a fifty-two week low of $42.10 and a fifty-two week high of $73.42.

Victory Capital (NASDAQ:VCTR) last issued 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%. On average, equities analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio (DPR) is 43.02%.

Analyst Ratings Changes

Several research firms recently issued reports on VCTR. Bank of America cut their price target on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Morgan Stanley upped their target price 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. Barclays lifted their price target on Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. BMO Capital Markets raised their target price on shares of Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their price target on 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 MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $71.44.

Victory Capital 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.