Cornercap Investment Counsel Inc. Has $222,000 Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Cornercap Investment Counsel Inc. trimmed its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 60.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,394 shares of the company’s stock after selling 5,125 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Victory Capital were worth $222,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in VCTR. Principal Securities Inc. raised its holdings in Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after acquiring an additional 157 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Victory Capital in the fourth quarter worth $43,000. Quantbot Technologies LP acquired a new position in Victory Capital in the third quarter valued at about $72,000. FMR LLC lifted its position in Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after purchasing an additional 206 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in Victory Capital by 33.9% during the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock worth $105,000 after purchasing an additional 482 shares during the period. 87.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Victory Capital Stock Performance

Shares of VCTR stock opened at $57.44 on Friday. The firm has a 50 day moving average of $63.54 and a 200-day moving average of $62.63. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a 52 week low of $41.30 and a 52 week 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 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%. On average, equities analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a dividend of $0.47 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital’s dividend payout ratio is 43.02%.

About Victory Capital

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.