TimesSquare Capital Management LLC Buys 166,265 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

TimesSquare Capital Management LLC boosted its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 20.5% in the fourth quarter, Holdings Channel reports. The firm owned 976,161 shares of the company’s stock after acquiring an additional 166,265 shares during the period. TimesSquare Capital Management LLC’s holdings in Victory Capital were worth $63,899,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its holdings in shares of Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after buying an additional 452 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after buying an additional 157 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Victory Capital during the third quarter worth approximately $72,000. FMR LLC lifted its holdings in shares of Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after buying an additional 206 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of 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 buying an additional 482 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on VCTR shares. The Goldman Sachs Group upped their price target on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Morgan Stanley upped their price target on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. BMO Capital Markets upped their price target on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. JPMorgan Chase & Co. upped their target price on Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, UBS Group upped their target price on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $68.33.

Victory Capital Stock Performance

Shares of NASDAQ:VCTR opened at $68.37 on Wednesday. The business’s fifty day moving average price is $65.60 and its two-hundred day moving average price is $60.69. Victory Capital Holdings, Inc. has a fifty-two week low of $36.02 and a fifty-two week high of $73.42. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 0.58 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, beating 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%. As a group, analysts predict that Victory Capital Holdings, Inc. will post 6.06 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.75%. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, February 18th. Victory Capital’s dividend payout ratio is 40.27%.

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.