QRG Capital Management Inc. Purchases 700 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

QRG Capital Management Inc. raised its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,267 shares of the company’s stock after acquiring an additional 700 shares during the quarter. QRG Capital Management Inc.’s holdings in Victory Capital were worth $672,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. World Investment Advisors LLC bought a new position in shares of Victory Capital in the 3rd quarter worth approximately $918,000. Geode Capital Management LLC increased its holdings in Victory Capital by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after buying an additional 101,247 shares during the last quarter. McIlrath & Eck LLC bought a new position in Victory Capital in the third quarter worth approximately $565,000. Royce & Associates LP purchased a new position in shares of Victory Capital during the 3rd quarter worth $7,755,000. Finally, Bank of Montreal Can boosted its stake in shares of Victory Capital by 282.0% during the 3rd quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock worth $2,412,000 after acquiring an additional 32,079 shares during the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VCTR has been the topic of a number of recent research reports. The Goldman Sachs Group raised their target price on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Barclays raised their price objective 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. B. Riley reiterated a “neutral” rating and set a $60.00 price objective (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised their target price on shares of Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. 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 report on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Victory Capital currently has a consensus rating of “Hold” and an average target price of $68.33.

Victory Capital Trading Down 5.2 %

Victory Capital stock opened at $59.09 on Wednesday. Victory Capital Holdings, Inc. has a 1 year low of $38.70 and a 1 year high of $73.42. The firm’s 50 day moving average price is $65.66 and its 200-day moving average price is $61.89. 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 stock has a market cap of $3.84 billion, a P/E ratio of 13.52, a PEG ratio of 0.55 and a beta of 0.89.

Victory Capital (NASDAQ:VCTR) last announced 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 net margin of 32.33% and a return on equity of 31.08%. 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 declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a yield of 3.18%. Victory Capital’s dividend payout ratio is presently 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.