Victory Capital Management Inc. Trims Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Victory Capital Management Inc. cut its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 68.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,184 shares of the company’s stock after selling 20,188 shares during the quarter. Victory Capital Management Inc.’s holdings in Victory Capital were worth $601,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Principal Securities Inc. grew its position in 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 in the last quarter. FMR LLC lifted its stake in 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 purchasing an additional 206 shares during the last quarter. HighTower Advisors LLC lifted its stake in Victory Capital by 4.2% during the third quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock worth $520,000 after purchasing an additional 377 shares during the last quarter. TD Private Client Wealth LLC lifted its stake 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. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Victory Capital by 11.7% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,730 shares of the company’s stock worth $310,000 after purchasing an additional 495 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Victory Capital Stock Down 0.6 %

VCTR stock opened at $59.87 on Friday. Victory Capital Holdings, Inc. has a fifty-two week low of $41.30 and a fifty-two week high of $73.42. The business’s 50 day moving average price is $63.90 and its two-hundred day moving average price is $62.26. 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 company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth 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 for the quarter, topping 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 forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.14%. Victory Capital’s dividend payout ratio is 43.02%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Barclays lifted their price target on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Morgan Stanley boosted their target price 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. B. Riley reissued a “neutral” rating and issued a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. BMO Capital Markets boosted their target price on Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted 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, February 18th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $68.33.

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.