Victory Capital Holdings, Inc. $VCTR Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 5.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,339 shares of the company’s stock after selling 7,246 shares during the period. Legal & General Group Plc owned about 0.19% of Victory Capital worth $7,592,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Covestor Ltd grew its position in shares of Victory Capital by 99.7% in the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $42,000 after buying an additional 334 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Victory Capital by 48.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock worth $48,000 after purchasing an additional 246 shares during the period. GAMMA Investing LLC boosted its stake in Victory Capital by 146.4% during the 4th quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after purchasing an additional 511 shares during the period. Quantbot Technologies LP raised its holdings in Victory Capital by 206.0% during the second quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock worth $78,000 after purchasing an additional 824 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in Victory Capital during the third quarter worth about $81,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Barclays lifted their price target on shares of Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a report on Monday, April 20th. Finally, The Goldman Sachs Group began coverage on shares of Victory Capital in a report on Tuesday. They issued a “neutral” rating and a $90.00 target price for the company. Four investment 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 presently has an average rating of “Hold” and a consensus target price of $84.71.

Victory Capital Trading Down 1.4%

NASDAQ VCTR opened at $87.50 on Friday. The company’s fifty day simple moving average is $77.52 and its 200-day simple moving average is $70.99. Victory Capital Holdings, Inc. has a 52 week low of $57.03 and a 52 week high of $89.02. 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 has a market cap of $5.47 billion, a P/E ratio of 19.71, a PEG ratio of 0.95 and a beta of 1.10.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The business had revenue of $387.99 million for the quarter, compared to analysts’ expectations of $364.97 million. During the same period in the previous year, the company posted $1.36 earnings per share. The business’s revenue for the quarter was up 76.7% compared to the same quarter last year. Equities research analysts predict that Victory Capital Holdings, Inc. will post 7.04 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be issued a $0.50 dividend. This is a boost from Victory Capital’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, June 10th. Victory Capital’s dividend payout ratio is currently 44.14%.

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.