Hantz Financial Services Inc. Reduces Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Hantz Financial Services Inc. lowered its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,015 shares of the company’s stock after selling 821 shares during the quarter. Hantz Financial Services Inc.’s holdings in Victory Capital were worth $2,816,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Franklin Resources Inc. increased its holdings in Victory Capital by 113.2% in the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after buying an additional 1,051,459 shares during the last quarter. State Street Corp raised its stake in Victory Capital by 6.4% during the 3rd quarter. State Street Corp now owns 1,162,842 shares of the company’s stock valued at $64,421,000 after acquiring an additional 69,654 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Victory Capital by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after purchasing an additional 101,247 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Victory Capital by 28.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company’s stock worth $25,170,000 after acquiring an additional 100,614 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Victory Capital by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company’s stock worth $20,660,000 after purchasing an additional 11,785 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Royal Bank of Canada upped their price target on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. UBS Group lifted their target price 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. BMO Capital Markets increased their price objective on Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Barclays raised their target price on Victory Capital from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $65.11.

Victory Capital Stock Performance

NASDAQ VCTR opened at $66.17 on Friday. The company’s fifty day moving average is $65.99 and its two-hundred day moving average is $59.30. 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 capitalization of $4.30 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 0.56 and a beta of 0.90. Victory Capital Holdings, Inc. has a 52-week low of $33.39 and a 52-week high of $73.42.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Thursday, November 7th. The company reported $1.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.33. The company had revenue of $225.63 million during the quarter, compared to analysts’ expectations of $225.75 million. Victory Capital had a net margin of 30.82% and a return on equity of 29.92%. During the same quarter in the prior year, the company posted $1.16 EPS. Equities research analysts forecast that Victory Capital Holdings, Inc. will post 5.24 EPS for the current year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, December 9th. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.66%. Victory Capital’s dividend payout ratio (DPR) is presently 43.78%.

Victory Capital Company 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.