Franklin Resources Inc. Has $874,000 Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Franklin Resources Inc. grew its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTRFree Report) by 25.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,389 shares of the company’s stock after purchasing an additional 5,185 shares during the period. Franklin Resources Inc.’s holdings in Victory Capital were worth $874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Bahl & Gaynor Inc. boosted its position in Victory Capital by 5.0% during the 4th quarter. Bahl & Gaynor Inc. now owns 822,668 shares of the company’s stock worth $28,333,000 after buying an additional 38,895 shares during the period. Bard Financial Services Inc. boosted its position in Victory Capital by 82.8% during the 4th quarter. Bard Financial Services Inc. now owns 40,885 shares of the company’s stock worth $1,408,000 after buying an additional 18,525 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Victory Capital by 27.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 273,348 shares of the company’s stock worth $9,113,000 after buying an additional 59,503 shares during the period. Brandywine Global Investment Management LLC boosted its position in Victory Capital by 12.1% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 199,926 shares of the company’s stock worth $6,666,000 after buying an additional 21,612 shares during the period. Finally, Fiera Capital Corp acquired a new stake in Victory Capital during the 3rd quarter worth approximately $2,409,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group lifted their target price on shares of Victory Capital from $37.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. B. Riley raised their price target on shares of Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Royal Bank of Canada raised their price target on shares of Victory Capital from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. BMO Capital Markets restated an “outperform” rating and set a $57.00 price target (up previously from $55.00) on shares of Victory Capital in a report on Monday, May 13th. Finally, Morgan Stanley raised their price target on shares of Victory Capital from $32.00 to $39.00 and gave the stock an “underweight” rating in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $49.57.

Read Our Latest Stock Analysis on VCTR

Victory Capital Stock Performance

NASDAQ:VCTR opened at $49.47 on Friday. The company has a fifty day moving average of $48.88 and a 200-day moving average of $40.26. The firm has a market capitalization of $3.20 billion, a P/E ratio of 15.17, a P/E/G ratio of 0.55 and a beta of 0.93. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.92. Victory Capital Holdings, Inc. has a twelve month low of $28.66 and a twelve month high of $54.94.

Victory Capital (NASDAQ:VCTRGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. The company had revenue of $215.86 million during the quarter, compared to analyst estimates of $219.14 million. Victory Capital had a net margin of 26.28% and a return on equity of 29.23%. As a group, sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 5.18 EPS for the current year.

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. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.48 annualized dividend and a dividend yield of 2.99%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.34. Victory Capital’s payout ratio is currently 41.10%.

Victory Capital Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Victory Capital (NASDAQ:VCTR)

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