C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys Shares of 271,232 Victory Capital Holdings, Inc. (NASDAQ:VCTR)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 271,232 shares of the company’s stock, valued at approximately $17,755,000. Victory Capital makes up 0.6% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ portfolio, making the stock its 28th largest position. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned approximately 0.42% of Victory Capital as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after purchasing an additional 452 shares during the last quarter. Principal Securities Inc. boosted its position in Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after purchasing an additional 157 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Victory Capital during the third quarter valued at $72,000. FMR LLC boosted its position in 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 during the last quarter. Finally, TD Private Client Wealth LLC boosted its position in 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 during the last quarter. Institutional investors own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group boosted their price target on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Barclays boosted their price target on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. B. Riley reaffirmed a “neutral” rating and issued a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. The Goldman Sachs Group boosted their price target on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, BMO Capital Markets lifted their price objective on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $66.11.

Victory Capital Trading Up 0.9 %

Shares of VCTR stock opened at $69.14 on Tuesday. The firm has a 50 day moving average price of $65.60 and a two-hundred day moving average price of $60.69. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $4.50 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 0.55 and a beta of 0.89. Victory Capital Holdings, Inc. has a 12-month low of $36.02 and a 12-month high of $73.42.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping the consensus estimate 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 predict that Victory Capital Holdings, Inc. will post 6.06 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.72%. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, February 18th. Victory Capital’s dividend payout ratio (DPR) is 40.27%.

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.