Renaissance Technologies LLC Sells 133,401 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Renaissance Technologies LLC lowered its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 74.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,800 shares of the company's stock after selling 133,401 shares during the quarter. Renaissance Technologies LLC owned 0.07% of Victory Capital worth $2,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Principal Securities Inc. raised its stake in shares of Victory Capital by 35.2% during the fourth 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. bought a new position in Victory Capital during the 4th quarter worth $43,000. FMR LLC lifted its holdings in Victory Capital by 18.1% during the 3rd 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. Convergence Investment Partners LLC bought a new stake in shares of Victory Capital in the 4th quarter valued at about $193,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Victory Capital in the 4th quarter valued at about $211,000. Institutional investors own 87.71% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on VCTR shares. BMO Capital Markets increased their target price on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. B. Riley reissued a "neutral" rating and issued a $60.00 price objective (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. JPMorgan Chase & Co. boosted their price target on Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Barclays reduced 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 report on Wednesday, April 16th. Finally, Bank of America lowered their price objective on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $69.67.

Victory Capital Stock Down 1.1 %

VCTR traded down $0.62 during mid-day trading on Friday, reaching $57.77. 155,391 shares of the stock were exchanged, compared to its average volume of 364,450. Victory Capital Holdings, Inc. has a 1 year low of $43.82 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 stock has a market capitalization of $3.68 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86. The company has a 50 day moving average price of $58.64 and a two-hundred day moving average price of $62.73.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were given a $0.47 dividend. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 3.25%. Victory Capital's payout ratio is currently 43.02%.

About Victory Capital

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.