Fort Washington Investment Advisors Inc. OH Purchases Shares of 5,610 Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Fort Washington Investment Advisors Inc. OH acquired a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,610 shares of the company’s stock, valued at approximately $367,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. increased its holdings in Victory Capital by 53.2% in the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after purchasing an additional 199 shares in the last quarter. FMR LLC grew its stake in shares of 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 in the last quarter. HighTower Advisors LLC grew its stake in shares of Victory Capital by 4.2% in the third quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock valued at $520,000 after buying an additional 377 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after acquiring an additional 452 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in Victory Capital by 50.7% in the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after acquiring an additional 479 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VCTR has been the topic of a number of analyst reports. BMO Capital Markets boosted their target price on shares of Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Royal Bank of Canada upped their price objective on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Barclays lifted their target price on Victory Capital from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. UBS Group increased their price target on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group lifted their price objective on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $65.11.

Victory Capital Price Performance

Shares of VCTR opened at $66.39 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.56 and a beta of 0.90. Victory Capital Holdings, Inc. has a 52 week low of $33.39 and a 52 week high of $73.42. The stock has a 50 day moving average of $66.01 and a 200-day moving average of $58.72.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Thursday, November 7th. The company reported $1.33 earnings per share for the quarter, meeting the consensus estimate of $1.33. Victory Capital had a net margin of 30.82% and a return on equity of 29.92%. The firm had revenue of $225.63 million during the quarter, compared to analyst estimates of $225.75 million. During the same quarter in the previous year, the firm earned $1.16 earnings per share. As a group, analysts forecast that Victory Capital Holdings, Inc. will post 5.24 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were paid a dividend of $0.44 per share. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, December 9th. This represents a $1.76 annualized dividend and a yield of 2.65%. Victory Capital’s dividend payout ratio is 43.78%.

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.