HM Payson & Co. Sells 300 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

HM Payson & Co. reduced its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 7.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,985 shares of the company’s stock after selling 300 shares during the quarter. HM Payson & Co.’s holdings in Victory Capital were worth $221,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. New York State Teachers Retirement System lifted its position in Victory Capital by 52.5% during the third quarter. New York State Teachers Retirement System now owns 3,754 shares of the company’s stock worth $208,000 after purchasing an additional 1,293 shares during the period. Argent Capital Management LLC raised its position in shares of Victory Capital by 5.2% in the 3rd quarter. Argent Capital Management LLC now owns 108,709 shares of the company’s stock valued at $6,022,000 after buying an additional 5,357 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Victory Capital by 9.1% during the 3rd quarter. Raymond James & Associates now owns 54,792 shares of the company’s stock worth $3,035,000 after acquiring an additional 4,552 shares during the period. Blue Trust Inc. boosted its position in shares of Victory Capital by 170.0% during the 3rd quarter. Blue Trust Inc. now owns 3,105 shares of the company’s stock worth $172,000 after acquiring an additional 1,955 shares in the last quarter. Finally, Creative Planning bought a new position in Victory Capital in the third quarter valued at approximately $476,000. Institutional investors own 87.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on VCTR. Barclays initiated coverage on Victory Capital in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $58.00 target price for the company. The Goldman Sachs Group raised their price objective on Victory Capital from $59.50 to $60.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Bank of America boosted their target price on Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. raised their price target on shares of Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Finally, UBS Group upped their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.67.

Victory Capital Stock Up 0.3 %

Shares of NASDAQ VCTR opened at $60.12 on Friday. The company has a 50 day simple moving average of $56.02 and a 200 day simple moving average of $52.19. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.91 and a quick ratio of 0.91. Victory Capital Holdings, Inc. has a 1 year low of $29.50 and a 1 year high of $61.97. The firm has a market cap of $3.90 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 0.64 and a beta of 0.90.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.04. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. The firm had revenue of $219.62 million during the quarter, compared to the consensus estimate of $220.82 million. On average, research analysts forecast that Victory Capital Holdings, Inc. will post 5.18 EPS for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This is an increase from Victory Capital’s previous quarterly dividend of $0.37. This represents a $1.64 annualized dividend and a yield of 2.73%. Victory Capital’s payout ratio is presently 46.20%.

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.