Redhawk Wealth Advisors Inc. Increases Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Redhawk Wealth Advisors Inc. increased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 9.5% in the fourth quarter, HoldingsChannel reports. The firm owned 26,193 shares of the company’s stock after acquiring an additional 2,278 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Victory Capital were worth $1,715,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of VCTR. Franklin Resources Inc. lifted its stake in Victory Capital by 113.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after acquiring an additional 1,051,459 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 worth $64,421,000 after purchasing an additional 69,654 shares during the last quarter. Geode Capital Management LLC lifted its position in 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 during the period. Charles Schwab Investment Management Inc. boosted 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 purchasing an additional 100,614 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Victory Capital by 3.3% during the 3rd 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.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $64.26 on Thursday. Victory Capital Holdings, Inc. has a one year low of $33.39 and a one year high of $73.42. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a fifty day moving average of $65.84 and a 200 day moving average of $58.01. The firm has a market cap of $4.18 billion, a PE ratio of 15.99, a PEG ratio of 0.45 and a beta of 0.90.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, December 9th. This is a positive change 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 2.74%. Victory Capital’s payout ratio is currently 43.78%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VCTR shares. Morgan Stanley boosted their price objective on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. UBS Group upped their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted their target price on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their price target on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $65.00.

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.