KBC Group NV Reduces Stock Position in Victory Capital Holdings, Inc. $VCTR

KBC Group NV lessened its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 44.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,252 shares of the company’s stock after selling 1,016 shares during the period. KBC Group NV’s holdings in Victory Capital were worth $80,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Victory Capital by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 4,095,276 shares of the company’s stock worth $236,994,000 after buying an additional 129,055 shares during the last quarter. Bahl & Gaynor Inc. boosted its position in Victory Capital by 17.2% in the first quarter. Bahl & Gaynor Inc. now owns 1,825,998 shares of the company’s stock worth $105,671,000 after purchasing an additional 268,573 shares during the last quarter. Swedbank AB boosted its position in Victory Capital by 4.3% in the second quarter. Swedbank AB now owns 600,000 shares of the company’s stock worth $38,202,000 after purchasing an additional 25,000 shares during the last quarter. Annex Advisory Services LLC grew its stake in shares of Victory Capital by 31.6% during the 2nd quarter. Annex Advisory Services LLC now owns 520,028 shares of the company’s stock valued at $33,110,000 after purchasing an additional 124,776 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Victory Capital by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 511,553 shares of the company’s stock valued at $29,604,000 after purchasing an additional 19,508 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VCTR. Bank of America raised their price objective on shares of Victory Capital from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. decreased their price target on shares of Victory Capital from $71.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. B. Riley lifted their price target on shares of Victory Capital from $74.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Morgan Stanley upped their price objective on Victory Capital from $67.00 to $69.00 and gave the stock a “positive” rating in a research note on Monday, October 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $76.00 target price on shares of Victory Capital in a report on Tuesday, September 23rd. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Victory Capital has an average rating of “Moderate Buy” and an average price target of $74.89.

Victory Capital Price Performance

Shares of NASDAQ:VCTR opened at $63.07 on Monday. The company has a market capitalization of $4.10 billion, a P/E ratio of 16.09, a P/E/G ratio of 0.61 and a beta of 1.10. Victory Capital Holdings, Inc. has a 1-year low of $47.00 and a 1-year high of $73.42. The firm’s 50 day simple moving average is $64.63 and its two-hundred day simple moving average is $65.81. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.26 and a quick ratio of 1.26.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.60 by $0.03. Victory Capital had a net margin of 25.27% and a return on equity of 24.23%. The firm had revenue of $361.20 million for the quarter, compared to the consensus estimate of $361.14 million. During the same period last year, the firm earned $1.35 EPS. The company’s revenue was up 60.1% on a year-over-year basis. Research analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $1.96 dividend on an annualized basis and a yield of 3.1%. Victory Capital’s dividend payout ratio (DPR) is currently 50.00%.

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.