C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New $17.76 Million Investment in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 271,232 shares of the company’s stock, valued at approximately $17,755,000. Victory Capital comprises about 0.8% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ investment portfolio, making the stock its 21st largest holding. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned 0.42% of Victory Capital as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Franklin Resources Inc. increased its position in Victory Capital by 113.2% during the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock worth $115,990,000 after purchasing an additional 1,051,459 shares during the last quarter. Annex Advisory Services LLC increased its holdings in shares of Victory Capital by 599.7% during the 4th quarter. Annex Advisory Services LLC now owns 173,562 shares of the company’s stock worth $11,361,000 after buying an additional 148,756 shares during the last quarter. Royce & Associates LP acquired a new stake in shares of Victory Capital during the 3rd quarter worth approximately $7,755,000. Geode Capital Management LLC raised its position in shares of Victory Capital by 10.8% during the 3rd 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 period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Victory Capital by 28.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company’s stock valued at $25,170,000 after acquiring an additional 100,614 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Victory Capital Trading Down 1.4 %

Shares of VCTR stock opened at $67.86 on Thursday. Victory Capital Holdings, Inc. has a fifty-two week low of $34.49 and a fifty-two week high of $73.42. The company has a 50 day moving average price of $65.46 and a 200 day moving average price of $60.27. The stock has a market capitalization of $4.41 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 0.55 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping 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%. Equities research analysts predict 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. Stockholders of record on Tuesday, February 18th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio (DPR) is presently 40.27%.

Analyst Upgrades and Downgrades

VCTR has been the subject of several recent analyst reports. Barclays raised their target price on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday. The Goldman Sachs Group boosted their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. B. Riley reaffirmed a “neutral” rating and set a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. UBS Group boosted their price target on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley upped their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently 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.