Swedbank AB trimmed its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR – Free Report) by 16.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 500,000 shares of the company’s stock after selling 100,000 shares during the quarter. Swedbank AB owned 0.77% of Victory Capital worth $31,545,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Victory Capital by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock worth $303,769,000 after purchasing an additional 73,142 shares in the last quarter. Capital World Investors boosted its position in shares of Victory Capital by 4.1% during the third quarter. Capital World Investors now owns 3,612,269 shares of the company’s stock worth $233,931,000 after purchasing an additional 143,615 shares in the last quarter. Bahl & Gaynor Inc. boosted its position in shares of Victory Capital by 4.8% during the third quarter. Bahl & Gaynor Inc. now owns 1,723,897 shares of the company’s stock worth $111,640,000 after purchasing an additional 79,013 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Victory Capital by 7.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,523,324 shares of the company’s stock worth $98,652,000 after purchasing an additional 102,828 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Victory Capital by 3.3% during the second quarter. State Street Corp now owns 1,239,361 shares of the company’s stock worth $78,910,000 after purchasing an additional 39,986 shares in the last quarter. 87.71% of the stock is owned by institutional investors.
Victory Capital Stock Performance
Shares of NASDAQ:VCTR opened at $85.91 on Monday. The company’s 50-day moving average price is $73.84 and its two-hundred day moving average price is $69.37. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.13. Victory Capital Holdings, Inc. has a one year low of $57.03 and a one year high of $88.73. The stock has a market capitalization of $5.37 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 0.94 and a beta of 1.09.
Victory Capital Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.50 per share. This is a boost from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. Victory Capital’s payout ratio is currently 44.14%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on VCTR. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Barclays lifted their price target on shares of Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research report on Monday, April 20th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Victory Capital in a research report on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.71.
View Our Latest Report on Victory Capital
Victory Capital Company Profile
Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.
Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.
Recommended Stories
- Five stocks we like better than Victory Capital
- The Smart Glasses Gold Rush Is Leaving Old-School Eyewear Behind
- 3 Rare Earth Stocks That Win No Matter What China Does Next
- Amylyx Stock: Why the Full Pipeline Story Matters
- Palantir and Dell Build an AI OS for the Paranoid
Want to see what other hedge funds are holding VCTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Victory Capital Holdings, Inc. (NASDAQ:VCTR – Free Report).
Receive News & Ratings for Victory Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victory Capital and related companies with MarketBeat.com's FREE daily email newsletter.
