Vista Finance LLC Acquires Shares of 5,876 Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Vista Finance LLC acquired a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 5,876 shares of the company’s stock, valued at approximately $385,000. Victory Capital comprises 0.4% of Vista Finance LLC’s portfolio, making the stock its 25th largest position.

A number of other institutional investors have also made changes to their positions in VCTR. Franklin Resources Inc. raised its holdings in shares of Victory Capital by 113.2% in the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after buying an additional 1,051,459 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Victory Capital in the fourth quarter valued at about $17,755,000. Annex Advisory Services LLC raised its holdings in shares of Victory Capital by 599.7% in the fourth quarter. Annex Advisory Services LLC now owns 173,562 shares of the company’s stock valued at $11,361,000 after buying an additional 148,756 shares during the last quarter. Royce & Associates LP bought a new position in shares of Victory Capital in the third quarter valued at about $7,755,000. Finally, Geode Capital Management LLC raised its holdings in shares of Victory Capital by 10.8% in 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. 87.71% of the stock is owned by institutional investors.

Victory Capital Price Performance

Victory Capital stock opened at $69.14 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 business has a 50-day moving average of $65.52 and a 200-day moving average of $60.50. Victory Capital Holdings, Inc. has a 1 year low of $36.02 and a 1 year high of $73.42. The firm has a market capitalization of $4.50 billion, a P/E ratio of 15.82, a PEG ratio of 0.55 and a beta of 0.89.

Victory Capital (NASDAQ:VCTR) last issued 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%. On average, equities analysts anticipate that Victory Capital Holdings, Inc. will post 6.06 EPS for the current year.

Victory Capital Increases Dividend

The firm 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. The ex-dividend date is Tuesday, February 18th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 2.72%. Victory Capital’s payout ratio is currently 40.27%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. UBS Group boosted their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. BMO Capital Markets boosted their price objective on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. The Goldman Sachs Group boosted 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. B. Riley reissued a “neutral” rating and set a $60.00 price objective (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Finally, Morgan Stanley boosted their target price on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Victory Capital currently has an average rating of “Hold” and a consensus target price of $66.11.

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.