Ritholtz Wealth Management Sells 8,944 Shares of Victory Capital Holdings, Inc. $VCTR

Ritholtz Wealth Management lowered its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 33.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,413 shares of the company’s stock after selling 8,944 shares during the quarter. Ritholtz Wealth Management’s holdings in Victory Capital were worth $1,099,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Victory Capital by 8,812.2% during the 3rd quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock valued at $18,175,000 after purchasing an additional 277,497 shares during the period. AlphaQuest LLC raised its stake in shares of Victory Capital by 192.1% during the 3rd quarter. AlphaQuest LLC now owns 21,698 shares of the company’s stock valued at $1,405,000 after purchasing an additional 14,269 shares during the period. Aurora Investment Counsel bought a new stake in shares of Victory Capital during the 3rd quarter valued at $2,205,000. Rhumbline Advisers raised its stake in shares of Victory Capital by 93.8% during the 3rd quarter. Rhumbline Advisers now owns 128,360 shares of the company’s stock valued at $8,313,000 after purchasing an additional 62,119 shares during the period. Finally, Annex Advisory Services LLC raised its stake in shares of Victory Capital by 4.6% during the 3rd quarter. Annex Advisory Services LLC now owns 544,078 shares of the company’s stock valued at $35,234,000 after purchasing an additional 24,050 shares during the period. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $71.97 on Wednesday. The firm has a market capitalization of $4.61 billion, a P/E ratio of 17.68, a P/E/G ratio of 1.01 and a beta of 1.04. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.40. The stock’s 50-day simple moving average is $69.78 and its two-hundred day simple moving average is $66.56. Victory Capital Holdings, Inc. has a twelve month low of $53.65 and a twelve month high of $77.78.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. The business had revenue of $374.12 million for the quarter, compared to analyst estimates of $371.09 million. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The company’s quarterly revenue was up 61.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 EPS. As a group, equities analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.49 per share. The ex-dividend date was Tuesday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 2.7%. Victory Capital’s dividend payout ratio (DPR) is 48.16%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays set a $69.00 target price on shares of Victory Capital in a report on Friday, February 6th. Royal Bank Of Canada upped their target price on shares of Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a report on Tuesday, February 10th. JPMorgan Chase & Co. upped their target price 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 decreased their target price on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 3rd. Finally, Wall Street Zen lowered shares of Victory Capital from a “buy” rating to a “hold” rating in a report on Monday, April 6th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Victory Capital presently has a consensus rating of “Moderate Buy” and an average target price of $75.38.

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.