Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Acquired by Evergreen Capital Management LLC

Evergreen Capital Management LLC increased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 18.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,443 shares of the company’s stock after purchasing an additional 1,901 shares during the quarter. Evergreen Capital Management LLC’s holdings in Victory Capital were worth $815,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of VCTR. Principal Securities Inc. grew its holdings 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 acquiring an additional 157 shares during the period. FMR LLC lifted its holdings in Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after acquiring an additional 206 shares during the period. Pictet Asset Management Holding SA boosted its position in Victory Capital by 4.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company’s stock worth $366,000 after purchasing an additional 218 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Victory Capital by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company’s stock worth $282,000 after purchasing an additional 273 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of Victory Capital by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock valued at $520,000 after purchasing an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $56.28 on Friday. Victory Capital Holdings, Inc. has a 52 week low of $43.82 and a 52 week high of $73.42. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth 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. The firm has a 50-day simple moving average of $60.06 and a 200-day simple moving average of $62.67.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating 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%. On average, equities 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 was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a dividend of $0.47 per share. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 3.34%. The ex-dividend date was Tuesday, February 18th. Victory Capital’s dividend payout ratio (DPR) is presently 43.02%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. B. Riley reissued a “neutral” rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Bank of America decreased their price objective on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Barclays cut 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. Morgan Stanley increased their price target on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. upped their target price on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Victory Capital presently has an average rating of “Hold” and a consensus target price of $69.67.

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.