Victory Capital Holdings, Inc. $VCTR Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. trimmed its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 59.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,626 shares of the company’s stock after selling 25,960 shares during the quarter. Hantz Financial Services Inc.’s holdings in Victory Capital were worth $1,112,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Covestor Ltd grew its holdings in shares of Victory Capital by 99.7% in the fourth quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $42,000 after purchasing an additional 334 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Victory Capital by 48.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after purchasing an additional 246 shares during the period. GAMMA Investing LLC grew its holdings in shares of Victory Capital by 146.4% in the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock valued at $54,000 after purchasing an additional 511 shares during the period. Quantbot Technologies LP grew its holdings in shares of Victory Capital by 206.0% in the second quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock valued at $78,000 after purchasing an additional 824 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Victory Capital in the third quarter valued at about $81,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VCTR. JPMorgan Chase & Co. upped their price objective on shares of Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Barclays increased their target price on shares of Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Morgan Stanley set a $76.00 target price on shares of Victory Capital in a research note on Friday, May 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 target price on shares of Victory Capital in a research note on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.71.

Victory Capital Stock Down 0.6%

VCTR stock opened at $87.30 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. Victory Capital Holdings, Inc. has a twelve month low of $57.03 and a twelve month high of $88.73. The company’s 50 day moving average is $75.05 and its two-hundred day moving average is $69.90. The stock has a market cap of $5.46 billion, a P/E ratio of 19.66, a PEG ratio of 0.96 and a beta of 1.09.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. The company had revenue of $387.99 million for the quarter, compared to analysts’ expectations of $364.97 million. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The firm’s revenue for the quarter was up 76.7% on a year-over-year basis. During the same quarter last year, the company earned $1.36 earnings per share. Research analysts expect that Victory Capital Holdings, Inc. will post 6.93 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. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, June 10th. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. Victory Capital’s payout ratio is presently 44.14%.

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.