Swedbank AB Decreases Holdings in Victory Capital Holdings, Inc. $VCTR

Swedbank AB trimmed its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 16.7% in the fourth quarter, Holdings Channel reports. The firm owned 500,000 shares of the company’s stock after selling 100,000 shares during the period. Swedbank AB’s holdings in Victory Capital were worth $31,545,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in VCTR. Vanguard Group Inc. boosted its position in Victory Capital by 12.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock worth $307,073,000 after purchasing an additional 515,845 shares during the period. Principal Financial Group Inc. boosted its position in Victory Capital by 8,812.2% during the 3rd quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock worth $18,175,000 after purchasing an additional 277,497 shares during the period. Invesco Ltd. boosted its position in Victory Capital by 163.6% during the 3rd quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock worth $27,971,000 after purchasing an additional 268,061 shares during the period. Voloridge Investment Management LLC boosted its position in Victory Capital by 747.2% during the 3rd quarter. Voloridge Investment Management LLC now owns 299,862 shares of the company’s stock worth $19,419,000 after purchasing an additional 264,468 shares during the period. Finally, Barclays PLC lifted its holdings in Victory Capital by 227.1% in the 3rd quarter. Barclays PLC now owns 315,141 shares of the company’s stock worth $20,409,000 after buying an additional 218,808 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VCTR shares. Royal Bank Of Canada boosted their price objective on shares of Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a report on Tuesday, February 10th. 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 shares of Victory Capital in a report on Friday, May 1st. Barclays boosted their price objective on shares of Victory Capital from $69.00 to $74.00 and gave the stock a “negative” rating in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Victory Capital from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $78.29.

Victory Capital Stock Performance

Shares of VCTR stock opened at $83.69 on Friday. Victory Capital Holdings, Inc. has a 12 month low of $57.03 and a 12 month high of $88.42. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market capitalization of $5.36 billion, a P/E ratio of 18.85, a P/E/G ratio of 1.19 and a beta of 1.09. The company’s fifty day moving average price is $70.35 and its two-hundred day moving average price is $67.65.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.19. The business had revenue of $387.99 million for the quarter, compared to analyst estimates of $364.97 million. Victory Capital had a net margin of 25.79% and a return on equity of 21.99%. The company’s revenue for the quarter was up 76.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.36 EPS. On average, research analysts anticipate that Victory Capital Holdings, Inc. will post 6.73 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be paid a $0.50 dividend. This is a boost from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date is Wednesday, June 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. Victory Capital’s dividend payout ratio (DPR) is currently 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.