Evergreen Capital Management LLC Boosts Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Evergreen Capital Management LLC lifted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 18.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 12,443 shares of the company’s stock after acquiring an additional 1,901 shares during the quarter. Evergreen Capital Management LLC’s holdings in Victory Capital were worth $815,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC lifted its position 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 buying an additional 206 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Victory Capital by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock valued at $520,000 after acquiring an additional 377 shares during the period. State Street Corp lifted its holdings in shares of Victory Capital by 6.4% in the 3rd quarter. State Street Corp now owns 1,162,842 shares of the company’s stock worth $64,421,000 after acquiring an additional 69,654 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Victory Capital during the 3rd quarter worth approximately $211,000. Finally, Barclays PLC increased its holdings in Victory Capital by 110.6% in the 3rd quarter. Barclays PLC now owns 99,367 shares of the company’s stock valued at $5,506,000 after purchasing an additional 52,191 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VCTR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Morgan Stanley boosted their price objective on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. BMO Capital Markets lifted their target price on Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Barclays reduced their price target on shares of Victory Capital from $75.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, B. Riley restated a “neutral” rating and issued a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $69.67.

Victory Capital Stock Up 0.7 %

VCTR stock opened at $56.28 on Friday. The company’s 50 day moving average price is $60.06 and its 200 day moving average price is $62.67. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.55 and a beta of 0.86. Victory Capital Holdings, Inc. has a fifty-two week low of $43.82 and a fifty-two week high of $73.42. 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 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 research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a $0.47 dividend. 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 dividend on an annualized basis and a yield of 3.34%. 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.