Victory Capital Holdings, Inc. $VCTR Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 120,339 shares of the company’s stock after selling 7,246 shares during the period. Legal & General Group Plc’s holdings in Victory Capital were worth $7,592,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Covestor Ltd grew its position in shares of Victory Capital by 99.7% during the fourth quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after acquiring an additional 334 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Victory Capital by 48.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after buying an additional 246 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Victory Capital by 146.4% during the 4th quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock valued at $54,000 after purchasing an additional 511 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Victory Capital by 206.0% during the 2nd quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock valued at $78,000 after purchasing an additional 824 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in shares of Victory Capital during the 3rd quarter valued at about $81,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Trading Down 1.4%

Shares of Victory Capital stock opened at $87.50 on Friday. Victory Capital Holdings, Inc. has a 1 year low of $57.03 and a 1 year high of $89.02. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $77.52 and its 200-day simple moving average is $70.99. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 0.95 and a beta of 1.10.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The firm had revenue of $387.99 million for the quarter, compared to the consensus estimate of $364.97 million. During the same quarter in the previous year, the company earned $1.36 earnings per share. The business’s revenue was up 76.7% compared to the same quarter last year. As a group, sell-side analysts expect that Victory Capital Holdings, Inc. will post 7.04 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.50 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, June 10th. Victory Capital’s dividend payout ratio is presently 44.14%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Barclays raised their target price on shares of Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. JPMorgan Chase & Co. increased their price target on shares of Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research note on Monday, April 20th. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Morgan Stanley set a $76.00 price target on Victory Capital in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $84.71.

About Victory Capital

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.