Victory Capital Management Inc. Sells 2,116 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Victory Capital Management Inc. decreased its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 19.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,798 shares of the company’s stock after selling 2,116 shares during the quarter. Victory Capital Management Inc.’s holdings in Victory Capital were worth $303,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Federated Hermes Inc. increased its holdings in shares of Victory Capital by 1.3% during the 4th quarter. Federated Hermes Inc. now owns 28,896 shares of the company’s stock worth $995,000 after purchasing an additional 383 shares during the period. Amalgamated Bank increased its holdings in shares of Victory Capital by 13.5% during the 3rd quarter. Amalgamated Bank now owns 4,063 shares of the company’s stock worth $135,000 after purchasing an additional 482 shares during the period. Blue Trust Inc. increased its holdings in shares of Victory Capital by 93.5% during the 4th quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock worth $41,000 after purchasing an additional 602 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Victory Capital by 9.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,733 shares of the company’s stock valued at $324,000 after acquiring an additional 844 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Victory Capital by 14.0% during the 3rd quarter. Arizona State Retirement System now owns 7,618 shares of the company’s stock valued at $254,000 after acquiring an additional 934 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VCTR. Morgan Stanley lifted their target price on shares of Victory Capital from $32.00 to $39.00 and gave the company an “underweight” rating in a research report on Wednesday, May 15th. JPMorgan Chase & Co. lifted their target price on shares of Victory Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. B. Riley lifted their target price on shares of Victory Capital from $48.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Royal Bank of Canada lifted their target price on shares of Victory Capital from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $57.00 target price (up from $55.00) on shares of Victory Capital in a research report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Victory Capital currently has a consensus rating of “Hold” and a consensus target price of $49.57.

Victory Capital Price Performance

NASDAQ:VCTR opened at $54.15 on Friday. The firm has a market cap of $3.50 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 0.57 and a beta of 0.92. Victory Capital Holdings, Inc. has a 12 month low of $28.66 and a 12 month high of $54.17. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average price is $47.19 and its two-hundred day moving average price is $39.05.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.73%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Monday, June 10th. Victory Capital’s dividend payout ratio is presently 41.10%.

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.