Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Bought by Ibex Wealth Advisors

Ibex Wealth Advisors lifted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 50.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,874 shares of the company’s stock after acquiring an additional 5,319 shares during the quarter. Ibex Wealth Advisors’ holdings in Victory Capital were worth $1,039,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. boosted its position in shares of Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after buying an additional 199 shares during the period. Farther Finance Advisors LLC lifted its position in Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after acquiring an additional 452 shares in the last quarter. USA Financial Formulas boosted its holdings in Victory Capital by 157.9% in the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after acquiring an additional 676 shares during the period. Quantbot Technologies LP acquired a new stake in Victory Capital in the third quarter valued at approximately $72,000. Finally, FMR LLC raised its stake in shares of 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 period. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Price Performance

NASDAQ VCTR traded up $0.05 on Wednesday, reaching $66.07. The company’s stock had a trading volume of 19,912 shares, compared to its average volume of 293,728. The firm’s 50 day moving average is $66.06 and its two-hundred day moving average is $59.21. The stock has a market cap of $4.30 billion, a PE ratio of 16.42, a PEG ratio of 0.56 and a beta of 0.90. 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 Holdings, Inc. has a twelve month low of $33.39 and a twelve month high of $73.42.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.33. Victory Capital had a return on equity of 29.92% and a net margin of 30.82%. The company had revenue of $225.63 million for the quarter, compared to analysts’ expectations of $225.75 million. During the same quarter in the prior year, the company earned $1.16 earnings per share. As a group, sell-side analysts predict that Victory Capital Holdings, Inc. will post 5.24 EPS for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.66%. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, December 9th. Victory Capital’s dividend payout ratio (DPR) is presently 43.78%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. B. Riley reaffirmed a “neutral” rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Barclays raised their price target on Victory Capital from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. BMO Capital Markets upped their price objective on Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group increased their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Victory Capital currently has a consensus rating of “Hold” and a consensus target price of $65.11.

Victory Capital 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.