Van Berkom & Associates Inc. Has $118.75 Million Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Van Berkom & Associates Inc. cut its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,814,062 shares of the company’s stock after selling 110,924 shares during the quarter. Victory Capital makes up 3.5% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 3rd largest holding. Van Berkom & Associates Inc.’s holdings in Victory Capital were worth $118,748,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Creative Planning purchased a new stake in shares of Victory Capital during the 3rd quarter worth approximately $476,000. Blue Trust Inc. increased its position in Victory Capital by 170.0% in the third quarter. Blue Trust Inc. now owns 3,105 shares of the company’s stock worth $172,000 after buying an additional 1,955 shares during the last quarter. Raymond James & Associates raised its stake in shares of Victory Capital by 9.1% in the third quarter. Raymond James & Associates now owns 54,792 shares of the company’s stock valued at $3,035,000 after buying an additional 4,552 shares during the period. Argent Capital Management LLC lifted its position in shares of Victory Capital by 5.2% during the 3rd quarter. Argent Capital Management LLC now owns 108,709 shares of the company’s stock valued at $6,022,000 after buying an additional 5,357 shares during the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of Victory Capital by 52.5% during the 3rd quarter. New York State Teachers Retirement System now owns 3,754 shares of the company’s stock worth $208,000 after acquiring an additional 1,293 shares during the period. 87.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VCTR shares. JPMorgan Chase & Co. boosted their price objective on Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday. Royal Bank of Canada boosted their price target 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. The Goldman Sachs Group raised their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Morgan Stanley boosted 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. Finally, Barclays increased their target price on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $68.33.

Victory Capital Stock Down 1.8 %

Shares of NASDAQ:VCTR opened at $66.67 on Friday. The firm has a fifty day moving average price of $65.71 and a two-hundred day moving average price of $60.93. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.57 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital Holdings, Inc. has a one year low of $36.02 and a one year high of $73.42.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Analysts anticipate that Victory Capital Holdings, Inc. will post 6.06 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.82%. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is 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.