MetLife Investment Management LLC Has $1.65 Million Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

MetLife Investment Management LLC boosted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,220 shares of the company’s stock after purchasing an additional 1,359 shares during the period. MetLife Investment Management LLC’s holdings in Victory Capital were worth $1,651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Covestor Ltd increased its holdings in Victory Capital by 3,207.1% in the 4th quarter. Covestor Ltd now owns 463 shares of the company’s stock worth $30,000 after purchasing an additional 449 shares in the last quarter. Principal Securities Inc. lifted its stake in shares of Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after purchasing an additional 157 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Victory Capital during the 4th quarter worth approximately $43,000. Convergence Investment Partners LLC acquired a new stake in Victory Capital in the fourth quarter worth $193,000. Finally, FourThought Financial Partners LLC bought a new stake in Victory Capital in the 4th quarter valued at about $211,000. 87.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VCTR shares. BMO Capital Markets upped their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Bank of America reduced their price objective on Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Barclays dropped their price objective on Victory Capital from $75.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. B. Riley reissued a “neutral” rating and issued a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. cut their price target on Victory Capital from $69.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $68.89.

Victory Capital Price Performance

Shares of Victory Capital stock opened at $57.72 on Wednesday. The firm has a market capitalization of $3.67 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86. Victory Capital Holdings, Inc. has a 12 month low of $43.82 and a 12 month high of $73.42. The business’s 50-day moving average price is $58.26 and its 200-day moving average price is $62.73. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data 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%. Sell-side analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 3.26%. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio (DPR) is 43.02%.

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.