Cornercap Investment Counsel Inc. Sells 5,125 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Cornercap Investment Counsel Inc. trimmed its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 60.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,394 shares of the company's stock after selling 5,125 shares during the period. Cornercap Investment Counsel Inc.'s holdings in Victory Capital were worth $222,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. lifted its stake in shares of Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after acquiring an additional 157 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Victory Capital in the 4th quarter worth approximately $43,000. Quantbot Technologies LP bought a new stake in shares of Victory Capital in the 3rd quarter valued at $72,000. FMR LLC increased its position in shares of Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company's stock worth $74,000 after buying an additional 206 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in Victory Capital by 33.9% during the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company's stock worth $105,000 after buying an additional 482 shares during the last quarter. Institutional investors own 87.71% of the company's stock.

Victory Capital Stock Performance

VCTR traded down $4.92 during trading on Thursday, hitting $55.89. 53,959 shares of the company traded hands, compared to its average volume of 380,805. The firm has a market cap of $3.56 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a one year low of $41.58 and a one year high of $73.42. The stock's fifty day moving average is $63.09 and its 200 day moving average is $62.80.

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

Victory Capital Increases Dividend

The company 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 was Tuesday, February 18th. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 3.36%. Victory Capital's payout ratio is presently 43.02%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Morgan Stanley increased their price target on Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. BMO Capital Markets raised their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. boosted their target price on shares of Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Bank of America reduced their price target on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday. Finally, B. Riley reissued a "neutral" rating and set a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Victory Capital currently has an average rating of "Hold" and a consensus target price of $71.44.

Victory Capital Company 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.