Universal Beteiligungs und Servicegesellschaft mbH Sells 29,209 Shares of Victory Capital Holdings, Inc. $VCTR

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 31.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,394 shares of the company’s stock after selling 29,209 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Victory Capital worth $4,041,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the business. Amundi purchased a new stake in Victory Capital during the second quarter worth $213,219,000. Geode Capital Management LLC lifted its stake in shares of Victory Capital by 26.5% during the second quarter. Geode Capital Management LLC now owns 1,359,120 shares of the company’s stock worth $86,545,000 after buying an additional 285,137 shares during the period. Basswood Capital Management L.L.C. lifted its holdings in shares of Victory Capital by 37.9% during the second 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 during the period. Kennedy Capital Management LLC purchased a new position in Victory Capital during the 2nd quarter worth approximately $6,592,000. Finally, Gabelli Funds LLC acquired a new position in Victory Capital during the second quarter valued at $5,969,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research downgraded Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. increased their price target on shares of Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Morgan Stanley lifted their price objective on shares of Victory Capital from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Barclays lowered their target price on shares of Victory Capital from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Finally, Bank of America upped their price target on Victory Capital from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.11.

Victory Capital Trading Up 0.0%

Shares of VCTR opened at $68.86 on Wednesday. The firm’s fifty day moving average is $64.77 and its two-hundred day moving average is $66.42. The stock has a market cap of $4.47 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 0.68 and a beta of 1.07. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.41. Victory Capital Holdings, Inc. has a 52-week low of $47.00 and a 52-week high of $73.00.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.03. The firm had revenue of $361.20 million for the quarter, compared to analyst estimates of $361.14 million. Victory Capital had a net margin of 25.27% and a return on equity of 24.23%. Victory Capital’s quarterly revenue was up 60.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.35 earnings per share. Research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, December 10th. Victory Capital’s dividend payout ratio (DPR) is currently 50.00%.

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.