Dagco Inc. Makes New $326,000 Investment in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Dagco Inc. acquired a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,976 shares of the company’s stock, valued at approximately $326,000.

A number of other hedge funds have also made changes to their positions in the business. Principal Securities Inc. raised 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 purchasing an additional 157 shares in the last quarter. FMR LLC raised its stake 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 in the last quarter. Pictet Asset Management Holding SA lifted its position in Victory Capital by 4.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company’s stock valued at $366,000 after acquiring an additional 218 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in Victory Capital by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company’s stock valued at $282,000 after acquiring an additional 273 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of Victory Capital by 4.2% during the third quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock worth $520,000 after purchasing an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VCTR shares. Barclays raised their price target on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Bank of America cut their target price on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating on the stock in a report 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 stock an “outperform” rating in a research note on Monday, February 10th. B. Riley restated a “neutral” rating and issued a $60.00 price objective (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Finally, Morgan Stanley increased their target price on shares of Victory Capital from $64.00 to $66.00 and gave the stock 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $71.44.

Victory Capital Price Performance

Victory Capital stock opened at $55.06 on Monday. The company has a market cap of $3.51 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86. Victory Capital Holdings, Inc. has a one year low of $42.10 and a one year high of $73.42. The business has a fifty day moving average of $60.99 and a two-hundred day moving average of $62.75. 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 (NASDAQ:VCTR) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating 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%. As a group, 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 issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 18th. 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 3.41%. Victory Capital’s payout ratio 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.