Victory Capital Holdings, Inc. $VCTR Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. lessened its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,682,614 shares of the company’s stock after selling 101,428 shares during the period. Victory Capital comprises approximately 3.2% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 5th largest holding. Van Berkom & Associates Inc. owned 2.52% of Victory Capital worth $108,966,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Amundi purchased a new stake in Victory Capital during the second quarter worth $213,219,000. Geode Capital Management LLC raised its position in shares of Victory Capital by 26.5% in the second quarter. Geode Capital Management LLC now owns 1,359,120 shares of the company’s stock worth $86,545,000 after acquiring an additional 285,137 shares during the period. State Street Corp boosted its stake in shares of Victory Capital by 3.3% during the 2nd quarter. State Street Corp now owns 1,239,361 shares of the company’s stock worth $78,910,000 after acquiring an additional 39,986 shares in the last quarter. Annex Advisory Services LLC boosted its stake in shares of Victory Capital by 4.6% during the 3rd quarter. Annex Advisory Services LLC now owns 544,078 shares of the company’s stock worth $35,234,000 after acquiring an additional 24,050 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Victory Capital by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 439,000 shares of the company’s stock valued at $27,951,000 after acquiring an additional 16,007 shares during the period. 87.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Barclays reduced their target price on Victory Capital from $72.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, January 21st. Morgan Stanley cut their price target on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Zacks Research downgraded shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Victory Capital presently has an average rating of “Moderate Buy” and a consensus price target of $75.00.

Victory Capital Stock Performance

NASDAQ:VCTR opened at $69.00 on Wednesday. Victory Capital Holdings, Inc. has a twelve month low of $47.00 and a twelve month high of $73.00. The company has a market cap of $4.48 billion, a P/E ratio of 17.60, a P/E/G ratio of 0.71 and a beta of 1.05. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average price is $65.51 and its 200-day moving average price is $66.50.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Thursday, November 6th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.03. Victory Capital had a net margin of 25.27% and a return on equity of 24.23%. The business had revenue of $361.20 million for the quarter, compared to analyst estimates of $361.14 million. During the same period last year, the company posted $1.35 EPS. The business’s revenue was up 60.1% on a year-over-year basis. On average, sell-side analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $1.96 dividend on an annualized basis and a yield of 2.8%. Victory Capital’s payout ratio is 50.00%.

Victory Capital Company 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.