Empowered Funds LLC Grows Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Empowered Funds LLC lifted its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 30.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,109 shares of the company’s stock after buying an additional 11,341 shares during the period. Empowered Funds LLC owned approximately 0.08% of Victory Capital worth $3,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of VCTR. Franklin Resources Inc. boosted its stake in shares of Victory Capital by 113.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock worth $115,990,000 after buying an additional 1,051,459 shares during the last quarter. Annex Advisory Services LLC lifted its position in Victory Capital by 599.7% during the fourth quarter. Annex Advisory Services LLC now owns 173,562 shares of the company’s stock valued at $11,361,000 after purchasing an additional 148,756 shares in the last quarter. Royce & Associates LP purchased a new position in Victory Capital during the third quarter valued at $7,755,000. Geode Capital Management LLC lifted 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 valued at $57,446,000 after purchasing an additional 101,247 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Victory Capital by 28.4% during 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 in the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Victory Capital Price Performance

Shares of Victory Capital stock opened at $67.86 on Thursday. The stock’s 50-day simple moving average is $65.46 and its 200-day simple moving average is $60.27. Victory Capital Holdings, Inc. has a 52 week low of $34.49 and a 52 week high of $73.42. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 0.55 and a beta of 0.89. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR) last issued 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%. As a group, analysts expect that Victory Capital Holdings, Inc. will post 6.06 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.77%. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, February 18th. Victory Capital’s payout ratio is 40.27%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VCTR. B. Riley reiterated a “neutral” rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Barclays lifted their target price on Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday. The Goldman Sachs Group lifted their target price on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Royal Bank of Canada lifted their target price on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley boosted their price objective 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. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Victory Capital presently has an average rating of “Hold” and a consensus target price of $66.11.

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.