Victory Capital Holdings, Inc. $VCTR Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. reduced its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 59.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 64,381 shares of the company’s stock after selling 92,911 shares during the period. Alps Advisors Inc.’s holdings in Victory Capital were worth $4,169,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in VCTR. Amundi acquired a new stake in Victory Capital during the second quarter worth about $213,219,000. Geode Capital Management LLC lifted its holdings in Victory Capital by 26.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,359,120 shares of the company’s stock valued at $86,545,000 after acquiring an additional 285,137 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Victory Capital by 8,812.2% during the 3rd quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock valued at $18,175,000 after acquiring an additional 277,497 shares during the last quarter. Basswood Capital Management L.L.C. increased its stake in Victory Capital by 37.9% in the 2nd quarter. Basswood Capital Management L.L.C. now owns 437,409 shares of the company’s stock worth $27,850,000 after purchasing an additional 120,140 shares in the last quarter. Finally, Kennedy Capital Management LLC purchased a new stake in shares of Victory Capital in the 2nd quarter valued at approximately $6,592,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VCTR. Zacks Research cut shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. boosted their price objective on Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Morgan Stanley dropped their target price on Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Tuesday, February 3rd. Barclays set a $69.00 price objective on shares of Victory Capital in a research note on Friday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Victory Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.25.

Victory Capital Stock Performance

Shares of NASDAQ VCTR opened at $74.25 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.47 and a quick ratio of 1.26. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 0.71 and a beta of 1.04. The stock’s fifty day moving average price is $66.21 and its two-hundred day moving average price is $66.58. Victory Capital Holdings, Inc. has a one year low of $47.00 and a one year high of $74.39.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results 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. The company had revenue of $374.12 million for the quarter, compared to analyst estimates of $371.09 million. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The firm’s revenue was up 61.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 EPS. On average, equities analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 2.6%. Victory Capital’s payout ratio is currently 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.