Quantbot Technologies LP Boosts Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Quantbot Technologies LP grew its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 198.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,864 shares of the company’s stock after purchasing an additional 2,569 shares during the quarter. Quantbot Technologies LP’s holdings in Victory Capital were worth $253,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Intech Investment Management LLC purchased a new position in Victory Capital in the 3rd quarter worth approximately $585,000. Charles Schwab Investment Management Inc. grew 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 worth $25,170,000 after purchasing an additional 100,614 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Victory Capital by 282.0% in the third quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock worth $2,412,000 after buying an additional 32,079 shares during the period. FMR LLC raised its holdings in Victory Capital by 18.1% during the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after buying an additional 206 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Victory Capital by 37.3% in the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Performance

Shares of Victory Capital stock opened at $57.44 on Friday. 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 firm has a market capitalization of $3.66 billion, a P/E ratio of 13.14, a P/E/G ratio of 0.55 and a beta of 0.90. The business has a fifty day simple moving average of $63.54 and a two-hundred day simple moving average of $62.63. Victory Capital Holdings, Inc. has a 12 month low of $41.30 and a 12 month high of $73.42.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.27%. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio is presently 43.02%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. B. Riley restated a “neutral” rating and issued a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. BMO Capital Markets upped their price target on Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. increased their price objective on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. 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 report on Friday, December 20th. Finally, Barclays boosted 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 report on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $68.33.

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.