TimesSquare Capital Management LLC Sells 18,771 Shares of Victory Capital Holdings, Inc. $VCTR

TimesSquare Capital Management LLC lessened its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 2.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 759,502 shares of the company’s stock after selling 18,771 shares during the period. TimesSquare Capital Management LLC owned about 1.14% of Victory Capital worth $49,185,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Public Sector Pension Investment Board boosted its stake in shares of Victory Capital by 132.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 336,740 shares of the company’s stock valued at $21,807,000 after purchasing an additional 191,674 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in Victory Capital in the third quarter worth about $1,656,000. Caprock Group LLC bought a new stake in Victory Capital during the 3rd quarter valued at approximately $253,000. Rhumbline Advisers grew its holdings in shares of Victory Capital by 93.8% during the 3rd quarter. Rhumbline Advisers now owns 128,360 shares of the company’s stock worth $8,313,000 after acquiring an additional 62,119 shares during the period. Finally, Versor Investments LP raised its position in shares of Victory Capital by 17.9% in the 3rd quarter. Versor Investments LP now owns 19,444 shares of the company’s stock worth $1,259,000 after acquiring an additional 2,955 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VCTR shares. 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 report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research cut shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, Barclays set a $69.00 target price on shares of Victory Capital in a research note on Friday, February 6th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.38.

Victory Capital Trading Down 1.0%

NASDAQ:VCTR opened at $74.74 on Friday. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 0.78 and a beta of 1.05. The company has a quick ratio of 1.26, a current ratio of 1.47 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average price is $67.28 and its 200-day moving average price is $66.77. Victory Capital Holdings, Inc. has a 52 week low of $47.00 and a 52 week high of $77.78.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.12. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The business had revenue of $374.12 million for the quarter, compared to analysts’ expectations of $371.09 million. During the same period in the prior year, the firm posted $1.45 EPS. The firm’s quarterly revenue was up 61.0% on a year-over-year basis. On average, equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

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

About Victory Capital

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.