Victory Capital Holdings, Inc. $VCTR Shares Sold by Royce & Associates LP

Royce & Associates LP cut its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 23.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 403,572 shares of the company’s stock after selling 125,677 shares during the period. Royce & Associates LP’s holdings in Victory Capital were worth $44,635,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nykredit A S acquired a new position in shares of Victory Capital in the 2nd quarter valued at about $26,000. CENTRAL TRUST Co grew its stake in Victory Capital by 51.1% during the third quarter. CENTRAL TRUST Co now owns 281 shares of the company’s stock worth $31,000 after purchasing an additional 95 shares during the period. Gen Wealth Partners Inc acquired a new stake in Victory Capital during the third quarter worth approximately $33,000. Root Financial Partners LLC acquired a new stake in Victory Capital during the third quarter worth approximately $34,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Victory Capital in the second quarter worth approximately $44,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Victory Capital from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Barclays lifted their price objective on shares of Victory Capital from $121.00 to $126.00 and gave the company an “equal weight” rating in a research note on Friday, November 6th. UBS Group set a $117.00 target price on shares of Victory Capital in a research report on Friday, August 28th. Weiss Ratings raised shares of Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $101.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $119.50.

Victory Capital Stock Up 0.7%

Shares of VCTR traded up $0.82 during trading hours on Friday, hitting $125.26. The stock had a trading volume of 576,352 shares, compared to its average volume of 629,716. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a 50 day simple moving average of $111.87 and a 200-day simple moving average of $91.76. The firm has a market capitalization of $7.70 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 0.54 and a beta of 1.12. Victory Capital Holdings, Inc. has a 1-year low of $60.74 and a 1-year high of $129.31.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, November 4th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). Victory Capital had a net margin of 28.58% and a return on equity of 24.37%. The firm had revenue of $396.57 million during the quarter, compared to the consensus estimate of $411.23 million. Sell-side analysts predict that Victory Capital Holdings, Inc. will post 7.78 EPS for the current fiscal year.

Victory Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Thursday, December 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, December 10th. Victory Capital’s dividend payout ratio (DPR) is 36.76%.

Victory Capital Profile

Victory Capital Holdings, Inc. is an investment management firm that provides services to institutional investors, financial intermediaries and individual investors. Its offerings include mutual funds, exchange-traded funds, separately managed accounts and other investment strategies across a range of asset classes. Founded in 2013 and headquartered in San Antonio, Texas, the company operates through a group of investment franchises with distinct investment approaches. Victory Capital serves clients in the United States and internationally.