Impax Asset Management Group plc Reduces Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Impax Asset Management Group plc lowered its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 7.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 625,000 shares of the company’s stock after selling 50,000 shares during the quarter. Impax Asset Management Group plc owned 0.96% of Victory Capital worth $40,912,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Creative Planning bought a new stake in shares of Victory Capital in the 3rd quarter worth approximately $476,000. Blue Trust Inc. increased its position in Victory Capital by 170.0% during the 3rd quarter. Blue Trust Inc. now owns 3,105 shares of the company’s stock valued at $172,000 after purchasing an additional 1,955 shares during the period. Raymond James & Associates raised its holdings in Victory Capital by 9.1% in the 3rd quarter. Raymond James & Associates now owns 54,792 shares of the company’s stock worth $3,035,000 after purchasing an additional 4,552 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Victory Capital by 52.5% during the 3rd quarter. New York State Teachers Retirement System now owns 3,754 shares of the company’s stock valued at $208,000 after purchasing an additional 1,293 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Victory Capital by 32.8% during the 3rd quarter. US Bancorp DE now owns 21,560 shares of the company’s stock valued at $1,194,000 after purchasing an additional 5,325 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on VCTR shares. Royal Bank of Canada raised their price objective 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. Morgan Stanley upped their price target 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. B. Riley reissued a “neutral” rating and set a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. BMO Capital Markets upped their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group lifted their price target 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. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $68.33.

Victory Capital Stock Down 1.9 %

NASDAQ:VCTR opened at $65.38 on Monday. The firm has a 50-day simple moving average of $65.73 and a two-hundred day simple moving average of $61.29. The firm has a market cap of $4.25 billion, a P/E ratio of 14.96, a P/E/G ratio of 0.55 and a beta of 0.89. Victory Capital Holdings, Inc. has a fifty-two week low of $36.82 and a fifty-two week high of $73.42. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19.

Victory Capital (NASDAQ:VCTR) last issued its earnings results 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 return on equity of 31.08% and a net margin of 32.33%. Analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 yield of 2.88%. The ex-dividend date is Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio 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.