Victory Capital Holdings, Inc. $VCTR Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. decreased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 25.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 21,462 shares of the company’s stock after selling 7,500 shares during the quarter. Wesbanco Bank Inc.’s holdings in Victory Capital were worth $1,405,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in VCTR. Impax Asset Management Group plc grew its stake in Victory Capital by 8.3% during the 4th quarter. Impax Asset Management Group plc now owns 650,000 shares of the company’s stock worth $41,008,000 after buying an additional 50,000 shares during the last quarter. Travelers Companies Inc. purchased a new stake in Victory Capital in the third quarter valued at approximately $1,397,000. WINTON GROUP Ltd purchased a new stake in Victory Capital in the third quarter valued at approximately $4,140,000. Vanguard Group Inc. boosted its holdings in shares of Victory Capital by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock valued at $303,769,000 after acquiring an additional 73,142 shares during the period. Finally, Royce & Associates LP boosted its holdings in shares of Victory Capital by 12.0% in the third quarter. Royce & Associates LP now owns 566,062 shares of the company’s stock valued at $36,658,000 after acquiring an additional 60,432 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Trading Up 1.6%

NASDAQ:VCTR opened at $83.43 on Friday. Victory Capital Holdings, Inc. has a 12-month low of $57.03 and a 12-month high of $90.19. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $83.39 and its 200-day simple moving average is $73.47. The firm has a market cap of $5.22 billion, a P/E ratio of 18.79, a PEG ratio of 0.89 and a beta of 1.10.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.19. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The firm had revenue of $387.99 million during the quarter, compared to the consensus estimate of $364.97 million. During the same period last year, the company earned $1.36 earnings per share. The company’s revenue for the quarter was up 76.7% on a year-over-year basis. Equities analysts anticipate that Victory Capital Holdings, Inc. will post 7.09 EPS for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were paid a $0.50 dividend. This is a boost from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date was Wednesday, June 10th. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. Victory Capital’s dividend payout ratio (DPR) is 45.05%.

Analysts Set New Price Targets

A number of brokerages have recently commented on VCTR. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Victory Capital in a report on Tuesday, May 12th. Morgan Stanley increased their price target on shares of Victory Capital from $76.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, The Goldman Sachs Group initiated coverage on shares of Victory Capital in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $90.00 target price for the company. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $86.00.

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.