Swiss National Bank Buys 5,900 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Swiss National Bank lifted its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,800 shares of the company’s stock after acquiring an additional 5,900 shares during the quarter. Swiss National Bank owned approximately 0.10% of Victory Capital worth $2,232,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VCTR. Rainwater Charitable Foundation purchased a new position in Victory Capital in the fourth quarter worth $4,702,000. Bahl & Gaynor Inc. increased its holdings in Victory Capital by 5.0% during the fourth 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 last quarter. New York State Common Retirement Fund raised its position in Victory Capital by 10.6% in the fourth quarter. New York State Common Retirement Fund now owns 100,441 shares of the company’s stock worth $3,459,000 after acquiring an additional 9,661 shares during the period. Federated Hermes Inc. boosted its stake in Victory Capital by 1.3% in the fourth quarter. Federated Hermes Inc. now owns 28,896 shares of the company’s stock valued at $995,000 after acquiring an additional 383 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Victory Capital by 24.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,856 shares of the company’s stock valued at $305,000 after acquiring an additional 1,756 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Up 2.3 %

Shares of VCTR stock opened at $54.15 on Friday. The business has a 50-day moving average of $47.19 and a 200 day moving average of $39.05. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.71 and a quick ratio of 0.71. Victory Capital Holdings, Inc. has a 1-year low of $28.66 and a 1-year high of $54.17. The stock has a market capitalization of $3.50 billion, a PE ratio of 16.61, a P/E/G ratio of 0.57 and a beta of 0.92.

Victory Capital Increases Dividend

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

Analyst Upgrades and Downgrades

VCTR has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on Victory Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Royal Bank of Canada increased their target price on Victory Capital from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. UBS Group lifted their price target on Victory Capital from $37.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. BMO Capital Markets restated an “outperform” rating and issued a $57.00 target price (up previously from $55.00) on shares of Victory Capital in a research note on Monday, May 13th. Finally, Morgan Stanley upped their price target on Victory Capital from $32.00 to $39.00 and gave the company an “underweight” rating in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $49.57.

Victory Capital Profile

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.