FourThought Financial Partners LLC Acquires New Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

FourThought Financial Partners LLC bought a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 3,222 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors have also recently made changes to their positions in VCTR. Farther Finance Advisors LLC boosted its stake in shares of Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after purchasing an additional 452 shares during the last quarter. Principal Securities Inc. boosted its position in Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after acquiring an additional 157 shares during the last quarter. Quantbot Technologies LP bought a new stake in Victory Capital during the third quarter valued at $72,000. FMR LLC grew its holdings in Victory Capital by 18.1% during the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after acquiring an additional 206 shares during the period. Finally, TD Private Client Wealth LLC raised its position in shares of Victory Capital by 33.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock worth $105,000 after acquiring an additional 482 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VCTR shares. The Goldman Sachs Group upped their target price on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. increased their price target on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. B. Riley reiterated a “neutral” rating and issued a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Barclays increased their target price on shares of Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Finally, Morgan Stanley lifted their price target on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Victory Capital presently has a consensus rating of “Hold” and a consensus price target of $68.33.

Victory Capital Stock Performance

Shares of VCTR stock opened at $63.06 on Thursday. Victory Capital Holdings, Inc. has a 12 month low of $37.72 and a 12 month high of $73.42. The firm has a market capitalization of $4.10 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.55 and a beta of 0.89. The firm has a fifty day simple moving average of $65.75 and a two-hundred day simple moving average of $61.52. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping 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%. Analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a $0.47 dividend. The ex-dividend date is Tuesday, February 18th. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 2.98%. Victory Capital’s dividend payout ratio is 43.02%.

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.