Victory Capital Holdings, Inc. $VCTR Stake Lessened by LSV Asset Management

LSV Asset Management lowered its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 820,700 shares of the company’s stock after selling 49,200 shares during the period. LSV Asset Management’s holdings in Victory Capital were worth $51,778,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Victory Capital by 12.2% during the third quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock worth $307,073,000 after acquiring an additional 515,845 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Victory Capital by 8,812.2% during the third quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock worth $18,175,000 after acquiring an additional 277,497 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Victory Capital by 163.6% during the third quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock worth $27,971,000 after acquiring an additional 268,061 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Victory Capital by 747.2% during the third quarter. Voloridge Investment Management LLC now owns 299,862 shares of the company’s stock worth $19,419,000 after acquiring an additional 264,468 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Victory Capital by 227.1% during the third quarter. Barclays PLC now owns 315,141 shares of the company’s stock worth $20,409,000 after acquiring an additional 218,808 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Performance

Victory Capital stock opened at $85.91 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 0.94 and a beta of 1.09. Victory Capital Holdings, Inc. has a one year low of $57.03 and a one year high of $88.73. The company’s fifty day moving average price is $73.84 and its two-hundred day moving average price is $69.37.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.63 by $0.19. The firm had revenue of $387.99 million for the quarter, compared to the consensus estimate of $364.97 million. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The business’s quarterly revenue was up 76.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share. On average, analysts forecast that Victory Capital Holdings, Inc. will post 6.93 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 Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 2.3%. Victory Capital’s dividend payout ratio (DPR) is currently 44.14%.

Wall Street Analyst Weigh In

VCTR has been the subject of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a report on Monday, April 20th. Morgan Stanley set a $76.00 price objective on Victory Capital in a report on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $95.00 price objective on shares of Victory Capital in a report on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Victory Capital has an average rating of “Moderate Buy” and a consensus price target of $82.71.

Victory Capital Company Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.