Victory Capital Holdings, Inc. (NASDAQ:VCTR) Stock Holdings Lowered by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 4.0% in the 1st quarter, Holdings Channel reports. The fund owned 6,008 shares of the company’s stock after selling 249 shares during the period. Janney Montgomery Scott LLC’s holdings in Victory Capital were worth $348,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Victory Capital in the 4th quarter valued at about $43,000. Charles Schwab Investment Management Inc. grew its position in Victory Capital by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 492,045 shares of the company’s stock valued at $32,209,000 after buying an additional 37,715 shares in the last quarter. Atria Investments Inc grew its position in Victory Capital by 43.0% in the 4th quarter. Atria Investments Inc now owns 5,899 shares of the company’s stock valued at $386,000 after buying an additional 1,775 shares in the last quarter. Raymond James Financial Inc. bought a new position in Victory Capital in the 4th quarter valued at about $3,813,000. Finally, AMG National Trust Bank bought a new position in Victory Capital in the 4th quarter valued at about $236,000. Institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $65.06 on Friday. Victory Capital Holdings, Inc. has a twelve month low of $43.82 and a twelve month high of $73.42. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.54 and a beta of 1.03. The firm has a 50-day moving average of $62.12 and a two-hundred day moving average of $62.04.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, May 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.02). Victory Capital had a net margin of 32.90% and a return on equity of 30.28%. The firm had revenue of $219.60 million for the quarter, compared to analysts’ expectations of $226.38 million. During the same period in the prior year, the company posted $1.25 earnings per share. Victory Capital’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a yield of 3.01%. Victory Capital’s dividend payout ratio is currently 43.65%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on VCTR shares. UBS Group decreased their target price on shares of Victory Capital from $71.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Bank of America decreased their target price on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. JPMorgan Chase & Co. decreased their target price on shares of Victory Capital from $69.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Royal Bank Of Canada increased their target price on shares of Victory Capital from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, May 13th. Finally, B. Riley upped their price target on shares of Victory Capital from $70.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Victory Capital currently has an average rating of “Moderate Buy” and a consensus target price of $71.56.

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.