Swiss National Bank Raises Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Swiss National Bank boosted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 10.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 64,800 shares of the company’s stock after purchasing an additional 5,900 shares during the quarter. Swiss National Bank’s holdings in Victory Capital were worth $2,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Blue Trust Inc. lifted its position in Victory Capital by 93.5% during the fourth quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock valued at $41,000 after purchasing an additional 602 shares during the period. Amalgamated Bank lifted its holdings in shares of Victory Capital by 13.5% in the 3rd quarter. Amalgamated Bank now owns 4,063 shares of the company’s stock valued at $135,000 after buying an additional 482 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Victory Capital by 102.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,100 shares of the company’s stock worth $237,000 after buying an additional 3,597 shares during the last quarter. MQS Management LLC acquired a new stake in Victory Capital during the third quarter worth about $240,000. Finally, Arizona State Retirement System raised its position in Victory Capital by 14.0% during the third quarter. Arizona State Retirement System now owns 7,618 shares of the company’s stock valued at $254,000 after acquiring an additional 934 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VCTR shares. UBS Group boosted their target price on shares of Victory Capital from $37.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. BMO Capital Markets restated an “outperform” rating and issued a $57.00 price target (up previously from $55.00) on shares of Victory Capital in a research note on Monday, May 13th. Morgan Stanley increased their price target on Victory Capital from $32.00 to $39.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 15th. Finally, B. Riley boosted their price objective on Victory Capital from $48.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $49.57.

Victory Capital Stock Up 2.3 %

Shares of NASDAQ:VCTR opened at $54.15 on Friday. The firm has a market capitalization of $3.50 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 0.57 and a beta of 0.92. Victory Capital Holdings, Inc. has a 1 year low of $28.66 and a 1 year high of $54.17. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.71 and a quick ratio of 0.71. The firm’s 50-day moving average is $47.19 and its two-hundred day moving average is $39.05.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Monday, June 10th. This is a boost from Victory Capital’s previous quarterly dividend of $0.34. Victory Capital’s dividend payout ratio (DPR) is presently 45.40%.

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.