Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Acquired by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. raised its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,303 shares of the company’s stock after purchasing an additional 273 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Victory Capital were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. FMR LLC raised its position in Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after acquiring an additional 206 shares in the last quarter. Barclays PLC boosted its holdings in Victory Capital by 110.6% during the third quarter. Barclays PLC now owns 99,367 shares of the company’s stock worth $5,506,000 after buying an additional 52,191 shares in the last quarter. Geode Capital Management LLC grew its position in Victory Capital by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock worth $57,446,000 after buying an additional 101,247 shares during the period. McIlrath & Eck LLC purchased a new position in Victory Capital in the third quarter valued at about $565,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Victory Capital during the 3rd quarter valued at approximately $648,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Trading Down 3.2 %

Shares of VCTR opened at $54.47 on Tuesday. Victory Capital Holdings, Inc. has a fifty-two week low of $43.82 and a fifty-two week high of $73.42. The stock has a fifty day moving average of $59.54 and a two-hundred day moving average of $62.76. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $3.47 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share 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, analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS 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 given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 3.45%. Victory Capital’s dividend payout ratio (DPR) is currently 43.02%.

Analyst Ratings Changes

VCTR has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Bank of America cut their price target on Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. BMO Capital Markets increased their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. B. Riley restated a “neutral” rating and set 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 cut their price objective on Victory Capital from $75.00 to $59.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $69.67.

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.