Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lowered its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 57.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 20,245 shares of the company’s stock after selling 27,666 shares during the quarter. Prudential Financial Inc.’s holdings in Victory Capital were worth $1,325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Securities Inc. increased its position in shares of Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after purchasing an additional 157 shares during the last quarter. FMR LLC grew its stake in Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after purchasing an additional 206 shares in the last quarter. HighTower Advisors LLC increased its holdings in Victory Capital by 4.2% in the third 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 last quarter. TD Private Client Wealth LLC raised 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 valued at $105,000 after buying an additional 482 shares in 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 valued at $310,000 after buying an additional 495 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Performance

Shares of NASDAQ VCTR opened at $51.71 on Friday. Victory Capital Holdings, Inc. has a 12-month low of $42.10 and a 12-month high of $73.42. The company has a market cap of $3.29 billion, a PE ratio of 11.83, a P/E/G ratio of 0.55 and a beta of 0.86. The stock has a 50 day simple moving average of $62.57 and a 200-day simple moving average of $62.79. 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 (NASDAQ:VCTR) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) 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%. On average, equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a $0.47 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital’s dividend payout ratio is currently 43.02%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VCTR. Morgan Stanley upped their price target on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Barclays increased their target price on shares of Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. BMO Capital Markets boosted their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Bank of America dropped their price objective on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted 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 issued a buy rating to the company’s stock. According to MarketBeat, Victory Capital currently has a consensus rating of “Hold” and a consensus target price of $71.44.

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.