Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,207 shares of the company's stock after selling 7,141 shares during the quarter. Sei Investments Co. owned approximately 0.15% of Victory Capital worth $6,363,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its stake in Victory Capital by 28.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company's stock valued at $25,170,000 after purchasing an additional 100,614 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Victory Capital by 282.0% during the third quarter. Bank of Montreal Can now owns 43,453 shares of the company's stock worth $2,412,000 after buying an additional 32,079 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Victory Capital in the third quarter valued at approximately $72,000. FMR LLC lifted its stake in shares of Victory Capital by 18.1% during the third 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, BNP Paribas Financial Markets boosted its position in Victory Capital by 37.3% during the third quarter. BNP Paribas Financial Markets now owns 22,240 shares of the company's stock worth $1,232,000 after acquiring an additional 6,036 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

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Victory Capital Trading Down 5.8 %

VCTR traded down $3.18 during trading on Friday, hitting $51.71. 446,590 shares of the company's stock were exchanged, compared to its average volume of 381,286. Victory Capital Holdings, Inc. has a 1 year low of $42.10 and a 1 year high of $73.42. The stock has a 50 day moving average price of $62.57 and a 200 day moving average price of $62.79. The firm has a market cap of $3.29 billion, a P/E ratio of 11.83, a price-to-earnings-growth 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 issued its quarterly earnings data on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. As a group, analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company 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 an increase from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 3.64%. Victory Capital's dividend payout ratio (DPR) is 43.02%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VCTR. Morgan Stanley boosted their price target on Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a report on Friday, December 20th. JPMorgan Chase & Co. increased their target price on Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. B. Riley reissued a "neutral" rating and issued a $60.00 price target (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Bank of America dropped 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. Finally, Barclays raised their target price on shares of Victory Capital from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, February 10th. Five investment 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 an average rating of "Hold" and a consensus target price of $71.44.

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.