New York Life Investment Management LLC Has $406,000 Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

New York Life Investment Management LLC cut its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTRFree Report) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,799 shares of the company’s stock after selling 346 shares during the quarter. New York Life Investment Management LLC’s holdings in Victory Capital were worth $406,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bahl & Gaynor Inc. boosted its stake in Victory Capital by 5.0% in the fourth quarter. Bahl & Gaynor Inc. now owns 822,668 shares of the company’s stock valued at $28,333,000 after buying an additional 38,895 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Victory Capital by 27.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 273,348 shares of the company’s stock valued at $9,113,000 after buying an additional 59,503 shares in the last quarter. Brandywine Global Investment Management LLC boosted its stake in Victory Capital by 12.1% in the third quarter. Brandywine Global Investment Management LLC now owns 199,926 shares of the company’s stock valued at $6,666,000 after buying an additional 21,612 shares in the last quarter. Fiera Capital Corp acquired a new stake in Victory Capital in the third quarter valued at about $2,409,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Victory Capital by 4.2% during the third quarter. Bank of New York Mellon Corp now owns 545,269 shares of the company’s stock valued at $18,179,000 after purchasing an additional 22,192 shares in the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank of Canada lifted their price target on Victory Capital from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. Morgan Stanley lifted their price target on Victory Capital from $30.00 to $32.00 and gave the company an “underweight” rating in a research note on Wednesday, April 17th. UBS Group lifted their price target on Victory Capital from $37.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. BMO Capital Markets raised their price objective on Victory Capital from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Finally, B. Riley raised their price objective on Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Victory Capital has a consensus rating of “Hold” and an average price target of $46.67.

View Our Latest Stock Analysis on Victory Capital

Victory Capital Trading Down 6.8 %

Shares of VCTR stock opened at $48.69 on Friday. The company has a market cap of $3.13 billion, a P/E ratio of 14.94, a PEG ratio of 0.47 and a beta of 0.92. The stock has a 50 day simple moving average of $44.65 and a two-hundred day simple moving average of $37.57. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 0.66. Victory Capital Holdings, Inc. has a fifty-two week low of $28.66 and a fifty-two week high of $52.78.

Victory Capital (NASDAQ:VCTRGet Free Report) last issued its earnings results on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. The business had revenue of $205.80 million during the quarter, compared to the consensus estimate of $204.20 million. Victory Capital had a return on equity of 29.36% and a net margin of 26.28%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. Research analysts forecast that Victory Capital Holdings, Inc. will post 5.14 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th will be issued a $0.37 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Monday, June 10th. Victory Capital’s payout ratio is presently 41.10%.

About Victory Capital

(Free Report)

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.

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Institutional Ownership by Quarter for Victory Capital (NASDAQ:VCTR)

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