Dark Forest Capital Management LP Lowers Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Dark Forest Capital Management LP cut its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 36.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,402 shares of the company’s stock after selling 21,433 shares during the period. Dark Forest Capital Management LP’s holdings in Victory Capital were worth $2,448,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VCTR. Principal Securities Inc. boosted its holdings in shares of Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after purchasing an additional 157 shares in the last quarter. FMR LLC lifted its position in Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after buying an additional 206 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in Victory Capital by 4.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company’s stock worth $366,000 after buying an additional 218 shares in the last quarter. Summit Investment Advisors Inc. grew its position in Victory Capital by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company’s stock valued at $282,000 after acquiring an additional 273 shares during the last quarter. Finally, Covestor Ltd raised its stake in shares of Victory Capital by 3,207.1% during the fourth quarter. Covestor Ltd now owns 463 shares of the company’s stock worth $30,000 after acquiring an additional 449 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Bank of America cut their price objective on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Barclays reduced their price objective on Victory Capital from $75.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. B. Riley restated a “neutral” rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. JPMorgan Chase & Co. raised their price target on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Finally, BMO Capital Markets increased their price objective on Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $69.67.

Victory Capital Stock Performance

Shares of VCTR stock opened at $56.68 on Wednesday. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.55 and a beta of 0.86. The stock has a fifty day moving average of $59.30 and a 200 day moving average of $62.71. Victory Capital Holdings, Inc. has a 52 week low of $43.82 and a 52 week high of $73.42. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. As a group, research analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.32%. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. Victory Capital’s payout ratio is presently 43.02%.

Victory Capital Profile

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.