Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Kestrel Investment Management Corp

Kestrel Investment Management Corp reduced its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 18.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,200 shares of the company’s stock after selling 29,300 shares during the quarter. Victory Capital accounts for approximately 3.0% of Kestrel Investment Management Corp’s investment portfolio, making the stock its 13th biggest holding. Kestrel Investment Management Corp owned approximately 0.20% of Victory Capital worth $4,450,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in shares of Victory Capital by 135.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 873 shares of the company’s stock worth $28,000 after acquiring an additional 502 shares in the last quarter. Blue Trust Inc. raised its holdings in Victory Capital by 93.5% in the 4th quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock valued at $41,000 after acquiring an additional 602 shares during the last quarter. Citigroup Inc. raised its holdings in Victory Capital by 87.7% in the 4th quarter. Citigroup Inc. now owns 1,265 shares of the company’s stock valued at $34,000 after acquiring an additional 591 shares during the last quarter. Bamco Inc. NY acquired a new stake in shares of Victory Capital during the 4th quarter worth approximately $49,000. Finally, Comerica Bank acquired a new stake in shares of Victory Capital during the 3rd quarter worth approximately $70,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Victory Capital from $33.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Morgan Stanley raised their price target on shares of Victory Capital from $30.00 to $32.00 and gave the stock an “underweight” rating in a report on Wednesday. Royal Bank of Canada raised their price target on shares of Victory Capital from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. B. Riley raised their price target on shares of Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a report on Friday. Finally, BMO Capital Markets raised their price target on shares of Victory Capital from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $43.71.

Victory Capital Trading Up 3.4 %

Victory Capital stock traded up $1.57 during trading on Friday, hitting $47.47. The company had a trading volume of 812,112 shares, compared to its average volume of 377,760. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.94. Victory Capital Holdings, Inc. has a 1-year low of $27.73 and a 1-year high of $47.85. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. The company’s 50 day simple moving average is $40.50 and its 200-day simple moving average is $35.42.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The company had revenue of $205.80 million during the quarter, compared to analysts’ expectations of $204.20 million. During the same quarter last year, the company posted $1.03 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, analysts expect that Victory Capital Holdings, Inc. will post 5.02 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were given a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from Victory Capital’s previous quarterly dividend of $0.32. Victory Capital’s dividend payout ratio (DPR) is currently 42.81%.

Victory Capital Company 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.