Prudential Financial Inc. Decreases Stock Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Prudential Financial Inc. lowered its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 57.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,245 shares of the company's stock after selling 27,666 shares during the period. Prudential Financial Inc.'s holdings in Victory Capital were worth $1,325,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Principal Securities Inc. raised its stake in Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after purchasing an additional 157 shares during the period. SBI Securities Co. Ltd. bought a new stake in Victory Capital in the fourth quarter worth $43,000. Quantbot Technologies LP bought a new stake in Victory Capital in the third quarter worth $72,000. FMR LLC boosted its holdings in Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company's stock worth $74,000 after purchasing an additional 206 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings 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 during the period. Institutional investors own 87.71% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on VCTR. JPMorgan Chase & Co. upped their price target on shares of Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. BMO Capital Markets increased their price target 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. Barclays increased their price target 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. B. Riley reaffirmed a "neutral" rating and set a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Finally, 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 report on Thursday, April 3rd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Victory Capital presently has a consensus rating of "Hold" and a consensus target price of $71.44.

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Victory Capital Price Performance

Shares of NASDAQ VCTR traded down $3.83 during midday trading on Thursday, reaching $54.10. 52,286 shares of the company were exchanged, compared to its average volume of 309,825. 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 $42.10 and a one year high of $73.42. The stock has a market cap of $3.44 billion, a P/E ratio of 12.38, a PEG ratio of 0.55 and a beta of 0.86. The stock's 50-day moving average price is $61.41 and its 200-day moving average price is $62.70.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results 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 return on equity of 31.08% and a net margin of 32.33%. On average, sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a $0.47 dividend. This is a boost 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 dividend yield of 3.48%. Victory Capital's dividend payout ratio 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.