Van Berkom & Associates Inc. Reduces Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Van Berkom & Associates Inc. trimmed its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,814,062 shares of the company's stock after selling 110,924 shares during the period. Victory Capital accounts for about 3.5% of Van Berkom & Associates Inc.'s investment portfolio, making the stock its 3rd biggest holding. Van Berkom & Associates Inc. owned approximately 2.79% of Victory Capital worth $118,748,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Farther Finance Advisors LLC boosted its holdings in Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company's stock worth $32,000 after buying an additional 452 shares during the last quarter. Principal Securities Inc. boosted its stake in Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after acquiring an additional 157 shares during the last quarter. Quantbot Technologies LP acquired a new position in Victory Capital during the third quarter valued at approximately $72,000. FMR LLC increased its stake in Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company's stock valued at $74,000 after purchasing an additional 206 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in Victory Capital by 33.9% in the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company's stock worth $105,000 after purchasing an additional 482 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

A number of analysts recently commented on the stock. BMO Capital Markets upped their price objective 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. Barclays increased their price target on Victory Capital from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, February 10th. Royal Bank of Canada raised their price target on Victory Capital from $61.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. B. Riley restated a "neutral" rating and set a $60.00 price objective (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group upped their target price on shares of Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $68.33.

Victory Capital Stock Down 1.1 %

Shares of Victory Capital stock traded down $0.69 during trading hours on Tuesday, reaching $63.20. 98,932 shares of the company's stock were exchanged, compared to its average volume of 282,694. The stock has a market cap of $4.11 billion, a P/E ratio of 14.46, a P/E/G ratio of 0.55 and a beta of 0.89. The company has a 50 day moving average of $65.72 and a two-hundred day moving average of $61.41. 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 Holdings, Inc. has a fifty-two week low of $37.69 and a fifty-two week high of $73.42.

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

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.47 per share. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 2.97%. The ex-dividend date is Tuesday, February 18th. Victory Capital's dividend payout ratio is 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.