Victory Capital (NASDAQ:VCTR) Shares Down 7.2% – Should You Sell?

Victory Capital Holdings, Inc. (NASDAQ:VCTR)’s stock price was down 7.2% during mid-day trading on Tuesday . The company traded as low as $57.56 and last traded at $57.83. Approximately 118,078 shares traded hands during trading, a decline of 59% from the average daily volume of 286,574 shares. The stock had previously closed at $62.34.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VCTR shares. Morgan Stanley raised their price objective on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note 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. The Goldman Sachs Group increased their target price on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. B. Riley reiterated a “neutral” rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Finally, Royal Bank of Canada increased their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Victory Capital has an average rating of “Hold” and a consensus price target of $68.33.

Victory Capital Stock Down 5.2 %

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The company’s fifty day simple moving average is $65.66 and its 200 day simple moving average is $61.89. The firm has a market capitalization of $3.84 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.55 and a beta of 0.89.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping 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%. Analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.18%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, February 18th. Victory Capital’s dividend payout ratio (DPR) is presently 43.02%.

Hedge Funds Weigh In On Victory Capital

Several large investors have recently made changes to their positions in VCTR. Creative Planning purchased a new position in shares of Victory Capital during the third quarter valued at approximately $476,000. Raymond James & Associates lifted its holdings in shares of Victory Capital by 9.1% during the third quarter. Raymond James & Associates now owns 54,792 shares of the company’s stock valued at $3,035,000 after purchasing an additional 4,552 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Victory Capital by 52.5% during the third quarter. New York State Teachers Retirement System now owns 3,754 shares of the company’s stock valued at $208,000 after purchasing an additional 1,293 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Victory Capital by 32.8% during the third quarter. US Bancorp DE now owns 21,560 shares of the company’s stock valued at $1,194,000 after purchasing an additional 5,325 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after acquiring an additional 452 shares in the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

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.