Victory Capital Holdings, Inc. (NASDAQ:VCTR) Stock Position Reduced by Corebridge Financial Inc.

Corebridge Financial Inc. decreased its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 7.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 20,451 shares of the company’s stock after selling 1,543 shares during the period. Corebridge Financial Inc.’s holdings in Victory Capital were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in VCTR. Principal Securities Inc. boosted its holdings in Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after purchasing an additional 157 shares during the period. FMR LLC lifted its position in shares of Victory Capital by 18.1% in the 3rd 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. HighTower Advisors LLC boosted its holdings in shares of Victory Capital by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock valued at $520,000 after buying an additional 377 shares during the period. TD Private Client Wealth LLC grew its position in shares of Victory Capital by 33.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock valued at $105,000 after buying an additional 482 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised 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 acquiring an additional 495 shares during the period. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Stock Performance

VCTR stock opened at $54.89 on Friday. The company has a 50-day simple moving average of $62.86 and a 200 day simple moving average of $62.75. The company has a market capitalization of $3.49 billion, a P/E ratio of 12.56, a PEG ratio of 0.55 and a beta of 0.86. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a fifty-two week low of $42.10 and a fifty-two week 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 (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 3.43%. Victory Capital’s dividend payout ratio (DPR) is 43.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Bank of America decreased their target price on Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. BMO Capital Markets raised 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. Barclays upped their price target on shares of Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Finally, Morgan Stanley lifted their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Five research 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 an average rating of “Hold” and a consensus price target of $71.44.

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.