Swiss National Bank Purchases 800 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Swiss National Bank increased its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 83,000 shares of the company’s stock after buying an additional 800 shares during the quarter. Swiss National Bank’s holdings in Victory Capital were worth $5,433,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Securities Inc. lifted its holdings in shares of Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after acquiring an additional 157 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Victory Capital in the 4th quarter worth $43,000. Quantbot Technologies LP bought a new stake in Victory Capital in the third quarter worth $72,000. FMR LLC boosted its position in Victory Capital by 18.1% during the third 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 period. Finally, TD Private Client Wealth LLC grew its stake in shares of Victory Capital by 33.9% during the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock valued at $105,000 after buying an additional 482 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price 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. Morgan Stanley increased their price objective on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. BMO Capital Markets lifted their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. B. Riley reissued a “neutral” rating and set 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. boosted their price objective on shares of Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.33.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $62.40 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital Holdings, Inc. has a 1 year low of $41.30 and a 1 year high of $73.42. The company’s 50-day moving average is $63.91 and its 200 day moving average is $62.47. The stock has a market capitalization of $3.97 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.55 and a beta of 0.90.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (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, sell-side analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.01%. Victory Capital’s dividend payout ratio is currently 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.