Franklin Resources Inc. Buys 31,944 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Franklin Resources Inc. grew its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,011,963 shares of the company’s stock after acquiring an additional 31,944 shares during the quarter. Franklin Resources Inc. owned 3.09% of Victory Capital worth $131,703,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Alliancebernstein L.P. increased its stake in Victory Capital by 1.1% in the fourth quarter. Alliancebernstein L.P. now owns 53,340 shares of the company’s stock valued at $3,492,000 after purchasing an additional 600 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Victory Capital by 45.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,696 shares of the company’s stock valued at $962,000 after buying an additional 4,574 shares in the last quarter. Schroder Investment Management Group acquired a new stake in Victory Capital during the 4th quarter worth $5,605,000. Pictet Asset Management Holding SA lifted its holdings in Victory Capital by 4.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company’s stock worth $366,000 after acquiring an additional 218 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Victory Capital by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,966,221 shares of the company’s stock valued at $259,629,000 after acquiring an additional 79,240 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VCTR shares. B. Riley reiterated a “neutral” rating and set a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Morgan Stanley upped 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. Barclays raised their price objective on shares of Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. BMO Capital Markets upped their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. lifted their price target on Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Victory Capital currently has an average rating of “Hold” and an average price target of $68.33.

Victory Capital Trading Up 1.1 %

Victory Capital stock opened at $60.81 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a 50-day moving average of $63.09 and a 200-day moving average of $62.80. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 0.55 and a beta of 0.90. Victory Capital Holdings, Inc. has a one year low of $41.58 and a one year high of $73.42.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share 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 expect 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. Stockholders of record on Tuesday, February 18th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio (DPR) 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.