Victory Capital Holdings, Inc. (NASDAQ:VCTR) Holdings Boosted by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd grew its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 3,645.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,176 shares of the company’s stock after purchasing an additional 8,931 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Victory Capital were worth $601,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC increased its holdings in shares of Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after acquiring an additional 206 shares during the period. BNP Paribas Financial Markets grew its position in Victory Capital by 37.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,240 shares of the company’s stock worth $1,232,000 after purchasing an additional 6,036 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Victory Capital by 4.2% in the third quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock valued at $520,000 after purchasing an additional 377 shares during the period. State Street Corp raised its holdings in shares of Victory Capital by 6.4% during the third quarter. State Street Corp now owns 1,162,842 shares of the company’s stock valued at $64,421,000 after buying an additional 69,654 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Victory Capital during the third quarter worth approximately $211,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Stock Down 5.8 %

VCTR stock opened at $51.71 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $3.29 billion, a PE ratio of 11.83, a P/E/G ratio of 0.55 and a beta of 0.86. Victory Capital Holdings, Inc. has a 12 month low of $42.10 and a 12 month high of $73.42. The firm has a 50 day simple moving average of $62.57 and a 200 day simple moving average of $62.85.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, February 18th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a yield of 3.64%. Victory Capital’s dividend payout ratio is currently 43.02%.

Analysts Set New Price Targets

VCTR has been the topic of several analyst reports. Bank of America lowered their target price on Victory Capital from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. raised their price target on Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. 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. B. Riley reissued 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. Finally, Barclays upped their price target on shares of Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $71.44.

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.