Victory Capital Holdings, Inc. $VCTR Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. decreased its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 26.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 898,526 shares of the company’s stock after selling 326,041 shares during the period. Victory Capital accounts for about 3.5% of Van Berkom & Associates Inc.’s holdings, making the stock its 2nd largest position. Van Berkom & Associates Inc.’s holdings in Victory Capital were worth $99,377,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in Victory Capital in the 2nd quarter worth approximately $42,035,000. Dimensional Fund Advisors LP grew its holdings in Victory Capital by 14.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock valued at $114,163,000 after purchasing an additional 221,471 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Victory Capital during the third quarter valued at approximately $17,429,000. Bank of America Corp DE grew its holdings in Victory Capital by 12.4% during the first quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock valued at $65,965,000 after purchasing an additional 111,063 shares during the last quarter. Finally, Fulcrum Asset Management LLP raised its position in shares of Victory Capital by 547.3% in the third quarter. Fulcrum Asset Management LLP now owns 127,265 shares of the company’s stock valued at $14,050,000 after purchasing an additional 107,605 shares during the period. 87.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VCTR shares. Weiss Ratings raised shares of Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Zacks Research downgraded shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. JPMorgan Chase & Co. upped their price objective on shares of Victory Capital from $101.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, October 16th. Wall Street Zen lowered shares of Victory Capital from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, UBS Group set a $117.00 target price on shares of Victory Capital in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Victory Capital currently has a consensus rating of “Hold” and an average target price of $119.50.

Victory Capital Trading Up 6.3%

Victory Capital stock opened at $126.80 on Tuesday. Victory Capital Holdings, Inc. has a 52 week low of $60.70 and a 52 week high of $128.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $7.80 billion, a PE ratio of 23.31, a PEG ratio of 0.56 and a beta of 1.12. The business’s 50-day simple moving average is $110.96 and its 200-day simple moving average is $90.62.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, November 4th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.01). The business had revenue of $396.57 million for the quarter, compared to the consensus estimate of $411.23 million. Victory Capital had a net margin of 28.58% and a return on equity of 24.46%. Equities research analysts forecast that Victory Capital Holdings, Inc. will post 7.78 earnings per share for the current year.

Victory Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Thursday, December 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, December 10th. Victory Capital’s payout ratio is currently 36.76%.

About Victory Capital

Victory Capital Holdings, Inc is an investment management firm that provides services to institutional investors, financial intermediaries and individual investors. Its offerings include mutual funds, exchange-traded funds, separately managed accounts and other investment strategies across a range of asset classes.

Founded in 2013 and headquartered in San Antonio, Texas, the company operates through a group of investment franchises with distinct investment approaches. Victory Capital serves clients in the United States and internationally.