Dimensional Fund Advisors LP Has $93.32 Million Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Dimensional Fund Advisors LP raised its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,425,568 shares of the company’s stock after purchasing an additional 33,090 shares during the period. Dimensional Fund Advisors LP’s holdings in Victory Capital were worth $93,320,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Covestor Ltd lifted its stake in Victory Capital by 3,207.1% during the fourth quarter. Covestor Ltd now owns 463 shares of the company’s stock worth $30,000 after purchasing an additional 449 shares during the last quarter. Principal Securities Inc. lifted its stake in Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after purchasing an additional 157 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Victory Capital during the fourth quarter worth $43,000. Convergence Investment Partners LLC bought a new stake in Victory Capital during the fourth quarter worth $193,000. Finally, FourThought Financial Partners LLC bought a new stake in Victory Capital during the fourth quarter worth $211,000. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Stock Up 0.2 %

Shares of NASDAQ:VCTR opened at $57.91 on Tuesday. The firm has a market cap of $3.69 billion, a P/E ratio of 13.25, a P/E/G ratio of 0.55 and a beta of 0.86. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a 12-month low of $43.82 and a 12-month high of $73.42. The business has a fifty day simple moving average of $58.44 and a 200 day simple moving average of $62.77.

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

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Tuesday, February 18th. Victory Capital’s dividend payout ratio (DPR) is presently 43.02%.

Analysts Set New Price Targets

Several research firms have weighed in on VCTR. BMO Capital Markets upped their target price on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. B. Riley reiterated a “neutral” rating and issued a $60.00 price target (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Barclays dropped their price target on Victory Capital from $75.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Bank of America dropped their price target on Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. increased their price target on Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Victory Capital presently has an average rating of “Hold” and a consensus price target of $69.67.

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.