Atria Investments Inc Acquires 1,775 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Atria Investments Inc raised its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 43.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,899 shares of the company’s stock after buying an additional 1,775 shares during the quarter. Atria Investments Inc’s holdings in Victory Capital were worth $386,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Principal Securities Inc. grew its position 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 buying an additional 157 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Victory Capital in the 4th quarter worth approximately $43,000. Quantbot Technologies LP bought a new stake in shares of Victory Capital during the third quarter valued at approximately $72,000. FMR LLC boosted its position in shares of 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 purchasing an additional 206 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position 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 purchasing an additional 482 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Stock Up 2.4 %

Shares of NASDAQ:VCTR opened at $57.97 on Monday. The stock has a fifty day simple moving average of $64.15 and a two-hundred day simple moving average of $62.17. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.55 and a beta of 0.90. Victory Capital Holdings, Inc. has a 12-month low of $39.38 and a 12-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.

Victory Capital (NASDAQ:VCTR) last posted its quarterly 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%. On average, research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.24%. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s payout ratio is currently 43.02%.

Analyst Ratings Changes

Several research firms recently weighed in on VCTR. B. Riley restated a “neutral” rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. BMO Capital Markets lifted their price target 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 price target 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 price target on Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Finally, Barclays lifted their price target on Victory Capital from $70.00 to $75.00 and gave the company 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $68.33.

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.