Los Angeles Capital Management LLC Grows Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Los Angeles Capital Management LLC increased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 30.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,842 shares of the company’s stock after purchasing an additional 7,712 shares during the period. Los Angeles Capital Management LLC owned 0.05% of Victory Capital worth $2,150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VCTR. Franklin Resources Inc. lifted its holdings in shares of Victory Capital by 113.2% in the third 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 in the last quarter. State Street Corp increased its holdings in Victory Capital by 6.4% in the 3rd quarter. State Street Corp now owns 1,162,842 shares of the company’s stock valued at $64,421,000 after acquiring an additional 69,654 shares during the last quarter. Geode Capital Management LLC lifted its stake in Victory Capital by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock worth $57,446,000 after purchasing an additional 101,247 shares in the last quarter. TimesSquare Capital Management LLC boosted its holdings in shares of Victory Capital by 20.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company’s stock valued at $63,899,000 after purchasing an additional 166,265 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of 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 institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Royal Bank of Canada boosted their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. BMO Capital Markets upped their price objective on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Morgan Stanley raised their target price 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. The Goldman Sachs Group boosted their price target on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Barclays increased their price objective on shares of 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Victory Capital has a consensus rating of “Hold” and a consensus price target of $68.33.

Victory Capital Trading Up 1.6 %

Shares of VCTR opened at $64.04 on Friday. The company’s fifty day simple moving average is $65.76 and its 200-day simple moving average is $61.53. The company has a market cap of $4.16 billion, a P/E ratio of 14.65, a P/E/G ratio of 0.55 and a beta of 0.89. 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 Holdings, Inc. has a twelve month low of $37.82 and a twelve month high of $73.42.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. As a group, analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.47 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.94%. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s payout ratio is presently 43.02%.

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.