Fisher Asset Management LLC Reduces Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Fisher Asset Management LLC lowered its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 6.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,901 shares of the company’s stock after selling 3,903 shares during the period. Fisher Asset Management LLC owned approximately 0.09% of Victory Capital worth $2,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in Victory Capital by 93.5% in the fourth quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock valued at $41,000 after purchasing an additional 602 shares during the period. New York State Teachers Retirement System boosted its stake in Victory Capital by 64.1% during the third quarter. New York State Teachers Retirement System now owns 2,461 shares of the company’s stock worth $82,000 after buying an additional 961 shares during the period. Amalgamated Bank increased its position in shares of Victory Capital by 13.5% during the third quarter. Amalgamated Bank now owns 4,063 shares of the company’s stock valued at $135,000 after acquiring an additional 482 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Victory Capital in the 3rd quarter valued at approximately $156,000. Finally, Olympiad Research LP lifted its holdings in shares of Victory Capital by 6.0% in the 3rd quarter. Olympiad Research LP now owns 6,910 shares of the company’s stock worth $230,000 after acquiring an additional 394 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on VCTR. Royal Bank of Canada boosted their target price on Victory Capital from $40.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. B. Riley boosted their price target on shares of Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Morgan Stanley raised their price target on shares of Victory Capital from $30.00 to $32.00 and gave the company an “underweight” rating in a research report on Wednesday, April 17th. BMO Capital Markets upped their price objective on Victory Capital from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Finally, UBS Group lifted their target price on Victory Capital from $37.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Victory Capital currently has a consensus rating of “Hold” and an average target price of $46.67.

Victory Capital Price Performance

Victory Capital stock opened at $52.11 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.94. The company has a fifty day simple moving average of $44.17 and a 200-day simple moving average of $37.27. The stock has a market cap of $3.35 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 0.47 and a beta of 0.92. Victory Capital Holdings, Inc. has a 12-month low of $28.66 and a 12-month high of $52.78.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Friday, February 9th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.02. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The business had revenue of $205.80 million during the quarter, compared to analysts’ expectations of $204.20 million. During the same period in the prior year, the firm posted $1.03 EPS. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts expect that Victory Capital Holdings, Inc. will post 5.14 EPS for the current fiscal year.

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.