Sei Investments Co. Sells 7,141 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Sei Investments Co. cut its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 6.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 97,207 shares of the company’s stock after selling 7,141 shares during the period. Sei Investments Co.’s holdings in Victory Capital were worth $6,363,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VCTR. Quantbot Technologies LP increased its position in shares of Victory Capital by 198.4% in the fourth quarter. Quantbot Technologies LP now owns 3,864 shares of the company’s stock valued at $253,000 after acquiring an additional 2,569 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Victory Capital by 14.7% during the 4th quarter. Teacher Retirement System of Texas now owns 40,326 shares of the company’s stock worth $2,640,000 after purchasing an additional 5,166 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of Victory Capital during the 4th quarter worth approximately $252,000. Royce & Associates LP boosted its holdings in shares of Victory Capital by 99.1% in the 4th quarter. Royce & Associates LP now owns 278,683 shares of the company’s stock valued at $18,243,000 after buying an additional 138,700 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Victory Capital by 1.0% in the fourth quarter. Swiss National Bank now owns 83,000 shares of the company’s stock valued at $5,433,000 after buying an additional 800 shares in the last quarter. 87.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

VCTR has been the topic of several analyst reports. B. Riley reaffirmed a “neutral” rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upped their target price on shares of Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Morgan Stanley lifted 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. Barclays upped their price objective on Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Finally, BMO Capital Markets boosted their target price on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Victory Capital has an average rating of “Hold” and a consensus target price of $68.33.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $57.87 on Tuesday. The firm has a market cap of $3.68 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90. The business’s 50 day moving average is $63.38 and its 200-day moving average is $62.76. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a 1-year low of $41.30 and a 1-year high of $73.42.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Equities research analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a $0.47 dividend. This is a boost 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 annualized dividend and a yield of 3.25%. Victory Capital’s payout ratio is 43.02%.

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.