Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Versor Investments LP

Versor Investments LP lessened its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 14.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,800 shares of the company’s stock after selling 2,300 shares during the quarter. Versor Investments LP’s holdings in Victory Capital were worth $903,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. World Investment Advisors LLC acquired a new stake in Victory Capital during the 3rd quarter valued at approximately $918,000. Geode Capital Management LLC grew its position in shares of Victory Capital by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock worth $57,446,000 after acquiring an additional 101,247 shares in the last quarter. McIlrath & Eck LLC acquired a new position in shares of Victory Capital in the 3rd quarter worth approximately $565,000. Royce & Associates LP acquired a new position in shares of Victory Capital in the 3rd quarter worth approximately $7,755,000. Finally, Bank of Montreal Can grew its position in shares of Victory Capital by 282.0% in the 3rd quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock worth $2,412,000 after acquiring an additional 32,079 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Stock Down 0.1 %

Shares of Victory Capital stock opened at $63.02 on Friday. The business’s fifty day moving average price is $65.76 and its two-hundred day moving average price is $61.53. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $4.10 billion, a P/E ratio of 14.42, a PEG ratio of 0.55 and a beta of 0.89. Victory Capital Holdings, Inc. has a 1-year low of $37.72 and a 1-year high of $73.42.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, beating 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%. As a group, research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 2.98%. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s payout ratio is presently 43.02%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. B. Riley reiterated a “neutral” rating and issued a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their target price on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Morgan Stanley lifted their target price on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Finally, Barclays raised their price target on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $68.33.

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.