Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,310 shares of the company's stock after selling 28,131 shares during the period. Corient Private Wealth LLC owned approximately 0.21% of Victory Capital worth $8,988,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. increased its position in shares of Victory Capital by 113.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock valued at $115,990,000 after acquiring an additional 1,051,459 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Victory Capital in the fourth quarter worth about $17,755,000. TimesSquare Capital Management LLC lifted its holdings in shares of Victory Capital by 20.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company's stock worth $63,899,000 after purchasing an additional 166,265 shares during the period. Bahl & Gaynor Inc. boosted its position in Victory Capital by 10.9% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock valued at $101,949,000 after buying an additional 153,459 shares during the last quarter. Finally, Annex Advisory Services LLC increased its holdings in Victory Capital by 599.7% in the 4th quarter. Annex Advisory Services LLC now owns 173,562 shares of the company's stock worth $11,361,000 after buying an additional 148,756 shares during the period. 87.71% of the stock is owned by hedge funds and other institutional investors.

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Victory Capital Price Performance

Shares of VCTR stock traded down $0.22 on Tuesday, reaching $62.18. 230,132 shares of the company were exchanged, compared to its average volume of 373,488. The business has a 50-day moving average price of $63.91 and a 200 day moving average price of $62.47. Victory Capital Holdings, Inc. has a 1 year low of $41.30 and a 1 year high of $73.42. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 0.55 and a beta of 0.90.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. Equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.02%. Victory Capital's dividend payout ratio (DPR) is 43.02%.

Analyst Upgrades and Downgrades

VCTR has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. BMO Capital Markets upped their price target on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Morgan Stanley lifted their price objective on Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a research note on Friday, December 20th. Barclays upped their price objective on Victory Capital from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, February 10th. Finally, B. Riley reaffirmed a "neutral" rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $68.33.

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.