AlphaQuest LLC Acquires 7,057 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

AlphaQuest LLC lifted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 460.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,591 shares of the company’s stock after acquiring an additional 7,057 shares during the quarter. AlphaQuest LLC’s holdings in Victory Capital were worth $562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VCTR. Farther Finance Advisors LLC raised its holdings in shares of 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 acquiring an additional 452 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Victory Capital by 1.5% in the third quarter. Principal Financial Group Inc. now owns 47,626 shares of the company’s stock worth $2,638,000 after purchasing an additional 722 shares in the last quarter. Versor Investments LP bought a new position in Victory Capital in the third quarter worth $892,000. Apollon Wealth Management LLC raised its holdings in Victory Capital by 6.7% in the third quarter. Apollon Wealth Management LLC now owns 10,508 shares of the company’s stock worth $582,000 after purchasing an additional 658 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Victory Capital by 3.2% in the third quarter. Victory Capital Management Inc. now owns 29,372 shares of the company’s stock worth $1,627,000 after purchasing an additional 919 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Up 1.3 %

Victory Capital stock opened at $57.23 on Thursday. Victory Capital Holdings, Inc. has a one year low of $39.31 and a one year high of $73.42. The business’s fifty day moving average is $64.66 and its 200 day moving average is $62.10. The stock has a market capitalization of $3.72 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90. 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 posted its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 3.28%. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio is currently 43.02%.

Analyst Ratings Changes

VCTR has been the subject of a number of research reports. BMO Capital Markets increased 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. JPMorgan Chase & Co. increased 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. Royal Bank of Canada increased their price objective on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Barclays increased their price objective on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Finally, Morgan Stanley increased their target price on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Victory Capital presently has a consensus rating of “Hold” and a consensus target price of $68.33.

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.