Geode Capital Management LLC Purchases 7,786 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Geode Capital Management LLC grew its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,044,511 shares of the company’s stock after buying an additional 7,786 shares during the quarter. Geode Capital Management LLC owned approximately 1.61% of Victory Capital worth $68,390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Principal Securities Inc. grew its position in Victory Capital by 35.2% during 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. acquired a new position in Victory Capital in the fourth quarter worth $43,000. FMR LLC grew its holdings in shares of Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after purchasing an additional 206 shares during the last quarter. TD Private Client Wealth LLC grew its holdings 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 worth $105,000 after purchasing an additional 482 shares during the last quarter. Finally, Convergence Investment Partners LLC acquired a new stake in shares of Victory Capital in the fourth quarter valued at $193,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on VCTR shares. Barclays increased their price objective on shares of Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. BMO Capital Markets increased their price target 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. Morgan Stanley raised their price target on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. JPMorgan Chase & Co. upped their price objective on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Finally, Bank of America lowered their target price 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. Five equities research 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, Victory Capital currently has an average rating of “Hold” and an average target price of $71.44.

Victory Capital Stock Up 1.8 %

Shares of Victory Capital stock opened at $55.06 on Friday. The business has a fifty day simple moving average of $60.99 and a 200 day simple moving average of $62.70. The stock has a market cap of $3.51 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86. 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 Holdings, Inc. has a 12 month low of $42.10 and a 12 month high of $73.42.

Victory Capital (NASDAQ:VCTR) last posted 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%. Research analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 3.41%. Victory Capital’s dividend payout ratio (DPR) is 43.02%.

About Victory Capital

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.