Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,340 shares of the company’s stock after buying an additional 600 shares during the quarter. Alliancebernstein L.P. owned 0.08% of Victory Capital worth $3,492,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Victory Capital by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,966,221 shares of the company’s stock valued at $259,629,000 after buying an additional 79,240 shares in the last quarter. Franklin Resources Inc. raised its stake in Victory Capital by 113.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after acquiring an additional 1,051,459 shares during the last quarter. Bahl & Gaynor Inc. raised its stake in shares of Victory Capital by 10.9% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company’s stock worth $101,949,000 after purchasing an additional 153,459 shares during the last quarter. State Street Corp raised its position in Victory Capital by 6.4% during the 3rd quarter. State Street Corp now owns 1,162,842 shares of the company’s stock worth $64,421,000 after buying an additional 69,654 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Victory Capital by 10.8% in the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after purchasing an additional 101,247 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

NASDAQ:VCTR opened at $55.77 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The business’s 50-day moving average price is $60.79 and its 200 day moving average price is $62.75. Victory Capital Holdings, Inc. has a 52-week low of $42.10 and a 52-week high of $73.42. The firm has a market cap of $3.55 billion, a P/E ratio of 12.76, a PEG ratio of 0.55 and a beta of 0.86.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data 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%. As a group, sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend 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 3.37%. Victory Capital’s dividend payout ratio (DPR) is 43.02%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VCTR. Morgan Stanley boosted their target price on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. BMO Capital Markets raised 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. lifted their price target on Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Bank of America lowered their price objective on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Finally, Barclays increased their target price on shares of Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $71.44.

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.