Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 16.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 14,135 shares of the company’s stock after buying an additional 1,981 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Victory Capital were worth $925,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VCTR. Principal Financial Group Inc. lifted its position in shares of Victory Capital by 1.5% in the third quarter. Principal Financial Group Inc. now owns 47,626 shares of the company’s stock valued at $2,638,000 after acquiring an additional 722 shares in the last quarter. Victory Capital Management Inc. lifted its position in Victory Capital by 3.2% during the third quarter. Victory Capital Management Inc. now owns 29,372 shares of the company’s stock worth $1,627,000 after buying an additional 919 shares in the last quarter. Empowered Funds LLC lifted its position in Victory Capital by 24.5% during the third quarter. Empowered Funds LLC now owns 37,768 shares of the company’s stock worth $2,092,000 after buying an additional 7,426 shares in the last quarter. Intech Investment Management LLC purchased a new position in Victory Capital during the third quarter worth approximately $585,000. Finally, Charles Schwab Investment Management Inc. raised its position in Victory Capital by 28.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company’s stock valued at $25,170,000 after purchasing an additional 100,614 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. BMO Capital Markets lifted their target price on Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Morgan Stanley lifted their target price on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. lifted their target price on Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. B. Riley restated a “neutral” rating and issued a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Finally, Barclays lifted their price objective on Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Victory Capital currently has an average rating of “Hold” and a consensus target price of $68.33.

Victory Capital Trading Down 1.3 %

Shares of NASDAQ VCTR opened at $60.25 on Friday. Victory Capital Holdings, Inc. has a twelve month low of $41.30 and a twelve month high of $73.42. 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 stock has a fifty day simple moving average of $63.93 and a 200-day simple moving average of $62.22. The stock has a market capitalization of $3.84 billion, a PE ratio of 13.79, a PEG ratio of 0.55 and a beta of 0.90.

Victory Capital (NASDAQ:VCTR) last released 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 forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.12%. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. 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.