Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Versor Investments LP

Versor Investments LP lowered its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 14.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,800 shares of the company’s stock after selling 2,300 shares during the period. Versor Investments LP’s holdings in Victory Capital were worth $903,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Principal Securities Inc. lifted its position in Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after buying an additional 157 shares during the period. FMR LLC lifted its position in Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after buying an additional 206 shares during the period. HighTower Advisors LLC lifted its position in Victory Capital by 4.2% during the third quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock worth $520,000 after buying an additional 377 shares during the period. Farther Finance Advisors LLC lifted its position in Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after buying an additional 452 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in Victory Capital by 33.9% during the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock worth $105,000 after buying an additional 482 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on VCTR. BMO Capital Markets increased their target price on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. The Goldman Sachs Group increased their target price on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. increased their target price on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Barclays raised their price objective on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada raised their price objective on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $68.33.

Victory Capital Stock Performance

Shares of NASDAQ:VCTR opened at $63.02 on Friday. The company has a market cap of $4.10 billion, a P/E ratio of 14.42, a PEG ratio of 0.55 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital Holdings, Inc. has a one year low of $37.72 and a one year high of $73.42. The business’s 50-day simple moving average is $65.76 and its 200 day simple moving average is $61.53.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.47 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Tuesday, February 18th. Victory Capital’s dividend payout ratio (DPR) is presently 43.02%.

About Victory Capital

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.