Keeley Teton Advisors LLC Sells 8,167 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Keeley Teton Advisors LLC reduced its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,045 shares of the company's stock after selling 8,167 shares during the quarter. Victory Capital comprises approximately 0.9% of Keeley Teton Advisors LLC's portfolio, making the stock its 15th biggest holding. Keeley Teton Advisors LLC owned approximately 0.19% of Victory Capital worth $7,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VCTR. Covestor Ltd boosted its position in Victory Capital by 3,207.1% during the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after purchasing an additional 449 shares during the period. Principal Securities Inc. lifted its holdings in Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after acquiring an additional 157 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Victory Capital during the fourth quarter valued at approximately $43,000. FMR LLC increased its stake in Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company's stock valued at $74,000 after buying an additional 206 shares during the period. Finally, TD Private Client Wealth LLC raised its position 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 valued at $105,000 after acquiring an additional 482 shares in the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VCTR shares. JPMorgan Chase & Co. upped their price objective on shares of Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. BMO Capital Markets upped their price target on 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 stock an "equal weight" rating in a report on Friday, December 20th. B. Riley reaffirmed a "neutral" rating and issued a $60.00 target price (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Finally, Barclays dropped their price objective on shares of Victory Capital from $75.00 to $59.00 and set an "equal weight" rating for the company in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $69.67.

Victory Capital Trading Up 0.7 %

Shares of VCTR stock traded up $0.40 on Friday, reaching $56.28. The company had a trading volume of 218,570 shares, compared to its average volume of 374,626. The company has a 50-day moving average of $59.81 and a 200-day moving average of $62.68. Victory Capital Holdings, Inc. has a 12 month low of $43.82 and a 12 month high of $73.42. The stock has a market cap of $3.58 billion, a PE ratio of 12.88, a PEG ratio of 0.55 and a beta of 0.86. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share 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%. On average, equities analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.34%. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital's dividend payout ratio (DPR) is presently 43.02%.

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.