Cornercap Investment Counsel Inc. Has $222,000 Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Cornercap Investment Counsel Inc. decreased its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 60.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,394 shares of the company’s stock after selling 5,125 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Victory Capital were worth $222,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Principal Securities Inc. raised its position in Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after buying an additional 157 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Victory Capital in the fourth quarter valued at approximately $43,000. Quantbot Technologies LP acquired a new stake in shares of Victory Capital in the third quarter valued at approximately $72,000. FMR LLC lifted its position in shares of Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after purchasing an additional 206 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in Victory Capital by 33.9% during the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock worth $105,000 after purchasing an additional 482 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VCTR has been the topic of several analyst reports. B. Riley reissued a “neutral” rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. BMO Capital Markets upped their target price on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Morgan Stanley raised their price target on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. upped their price objective on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Finally, Barclays raised their target price on shares of Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Five investment 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 an average target price of $68.33.

Victory Capital Trading Down 4.0 %

Shares of Victory Capital stock opened at $57.44 on Friday. 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 business has a fifty day simple moving average of $63.54 and a two-hundred day simple moving average of $62.63. Victory Capital Holdings, Inc. has a 1 year low of $41.30 and a 1 year high of $73.42. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 0.55 and a beta of 0.90.

Victory Capital (NASDAQ:VCTR) last posted 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 net margin of 32.33% and a return on equity of 31.08%. Research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $0.47 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.27%. Victory Capital’s dividend payout ratio is presently 43.02%.

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.