LSV Asset Management Sells 235,390 Shares of Victory Capital Holdings, Inc. $VCTR

LSV Asset Management lessened its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 21.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 869,900 shares of the company’s stock after selling 235,390 shares during the quarter. LSV Asset Management owned about 1.30% of Victory Capital worth $56,335,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in Victory Capital by 8,812.2% in the third quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock valued at $18,175,000 after acquiring an additional 277,497 shares during the period. AlphaQuest LLC raised its position in shares of Victory Capital by 192.1% during the third quarter. AlphaQuest LLC now owns 21,698 shares of the company’s stock worth $1,405,000 after purchasing an additional 14,269 shares during the period. Annex Advisory Services LLC lifted its holdings in shares of Victory Capital by 4.6% in the 3rd quarter. Annex Advisory Services LLC now owns 544,078 shares of the company’s stock worth $35,234,000 after purchasing an additional 24,050 shares in the last quarter. New York State Teachers Retirement System grew its position in Victory Capital by 418.8% in the 3rd quarter. New York State Teachers Retirement System now owns 19,477 shares of the company’s stock valued at $1,261,000 after purchasing an additional 15,723 shares during the period. Finally, Amundi bought a new stake in Victory Capital during the 2nd quarter valued at $213,219,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays set a $69.00 price objective on shares of Victory Capital in a research note on Friday, February 6th. Morgan Stanley lowered their target price on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 3rd. Royal Bank Of Canada lifted their price target on Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research note on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Finally, Zacks Research lowered Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Victory Capital has an average rating of “Moderate Buy” and a consensus price target of $75.38.

Victory Capital Trading Down 1.0%

Shares of VCTR stock opened at $75.52 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.26 and a current ratio of 1.47. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 0.80 and a beta of 1.05. Victory Capital Holdings, Inc. has a 52-week low of $47.00 and a 52-week high of $77.78. The company has a 50-day simple moving average of $67.05 and a two-hundred day simple moving average of $66.76.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. The firm had revenue of $374.12 million for the quarter, compared to the consensus estimate of $371.09 million. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The company’s revenue was up 61.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 EPS. Research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, March 10th. Victory Capital’s dividend payout ratio is 48.16%.

Victory Capital 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.