Longboard Asset Management LP Invests $230,000 in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Longboard Asset Management LP bought a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,507 shares of the company’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. World Investment Advisors LLC purchased a new stake in shares of Victory Capital during the 3rd quarter worth approximately $918,000. Geode Capital Management LLC raised its stake 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. McIlrath & Eck LLC bought a new stake in shares of Victory Capital in the 3rd quarter worth about $565,000. Bank of Montreal Can raised its position in shares of Victory Capital by 282.0% during the 3rd quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock valued at $2,412,000 after buying an additional 32,079 shares in the last quarter. Finally, Royce & Associates LP purchased a new stake in shares of Victory Capital during the 3rd quarter valued at about $7,755,000. 87.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VCTR has been the topic of several analyst reports. Barclays boosted their price objective on Victory Capital from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. B. Riley reissued 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. BMO Capital Markets raised their price target on Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. The Goldman Sachs Group boosted their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada raised their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $65.11.

Victory Capital Trading Down 1.8 %

VCTR stock opened at $65.02 on Tuesday. The company has a market capitalization of $4.23 billion, a PE ratio of 16.17, a P/E/G ratio of 0.56 and a beta of 0.89. The firm’s 50-day moving average is $65.83 and its 200 day moving average is $59.59. Victory Capital Holdings, Inc. has a 12 month low of $33.91 and a 12 month high of $73.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Thursday, November 7th. The company reported $1.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.33. The firm had revenue of $225.63 million during the quarter, compared to analyst estimates of $225.75 million. Victory Capital had a return on equity of 29.92% and a net margin of 30.82%. During the same quarter in the previous year, the business earned $1.16 earnings per share. On average, research analysts anticipate that Victory Capital Holdings, Inc. will post 5.22 EPS for the current year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.76 annualized dividend and a dividend yield of 2.71%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio (DPR) is currently 43.78%.

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.