Victory Capital Holdings, Inc. (NASDAQ:VCTR) Position Boosted by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd lifted its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 3,645.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,176 shares of the company’s stock after acquiring an additional 8,931 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Victory Capital were worth $601,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. FMR LLC lifted its position in Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after buying an additional 206 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Victory Capital by 37.3% during the third quarter. BNP Paribas Financial Markets now owns 22,240 shares of the company’s stock worth $1,232,000 after acquiring an additional 6,036 shares in the last quarter. HighTower Advisors LLC boosted its position in Victory Capital by 4.2% during the third quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock valued at $520,000 after purchasing an additional 377 shares during the last quarter. State Street Corp grew its stake in 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 purchasing an additional 69,654 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Victory Capital in the 3rd quarter worth about $211,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VCTR has been the topic of a number of research reports. Morgan Stanley increased their price objective on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Barclays lifted their price objective on shares of Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. BMO Capital Markets increased their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their target price on Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Finally, Bank of America decreased their price target on Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Victory Capital has an average rating of “Hold” and a consensus target price of $71.44.

Victory Capital Price Performance

Shares of NASDAQ:VCTR opened at $51.71 on Monday. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 0.55 and a beta of 0.86. The business has a 50 day moving average price of $62.57 and a 200 day moving average price of $62.85. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a twelve month low of $42.10 and a twelve month high of $73.42.

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, beating 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%. Research analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.64%. Victory Capital’s payout ratio is presently 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.