Dimensional Fund Advisors LP Buys 33,090 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Dimensional Fund Advisors LP lifted its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,425,568 shares of the company’s stock after acquiring an additional 33,090 shares during the period. Dimensional Fund Advisors LP owned approximately 2.19% of Victory Capital worth $93,320,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. World Investment Advisors LLC acquired a new position in Victory Capital during the third quarter worth $918,000. McIlrath & Eck LLC acquired a new position in Victory Capital during the third quarter worth $565,000. JPMorgan Chase & Co. boosted its holdings in Victory Capital by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company’s stock worth $20,660,000 after purchasing an additional 11,785 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Victory Capital by 10.9% during the fourth quarter. Principal Financial Group Inc. now owns 52,830 shares of the company’s stock worth $3,458,000 after purchasing an additional 5,204 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Victory Capital by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 492,045 shares of the company’s stock worth $32,209,000 after purchasing an additional 37,715 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Victory Capital Stock Performance

NASDAQ VCTR opened at $57.91 on Tuesday. The firm has a 50-day moving average of $58.44 and a 200-day moving average of $62.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $3.69 billion, a PE ratio of 13.25, a P/E/G ratio of 0.55 and a beta of 0.86. Victory Capital Holdings, Inc. has a 52-week low of $43.82 and a 52-week high of $73.42.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. On average, sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently declared 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 represents a $1.88 dividend on an annualized basis and a yield of 3.25%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. Victory Capital’s dividend payout ratio (DPR) is currently 43.02%.

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.