Swedbank AB Sells 50,000 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Swedbank AB lowered its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 6.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 700,000 shares of the company's stock after selling 50,000 shares during the quarter. Swedbank AB owned about 1.08% of Victory Capital worth $45,822,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Blue Trust Inc. raised its position in shares of Victory Capital by 18.0% in the 4th quarter. Blue Trust Inc. now owns 3,664 shares of the company's stock valued at $240,000 after buying an additional 559 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Victory Capital by 11.7% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,730 shares of the company's stock worth $310,000 after purchasing an additional 495 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new position in Victory Capital during the 4th quarter worth approximately $367,000. Annex Advisory Services LLC boosted its position in Victory Capital by 599.7% in the fourth quarter. Annex Advisory Services LLC now owns 173,562 shares of the company's stock valued at $11,361,000 after buying an additional 148,756 shares in the last quarter. Finally, Ritholtz Wealth Management grew its stake in shares of Victory Capital by 44.4% during the fourth quarter. Ritholtz Wealth Management now owns 6,960 shares of the company's stock worth $456,000 after buying an additional 2,140 shares during the last quarter. Institutional investors own 87.71% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley upped their target price on Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. Barclays lifted their price target on shares of Victory Capital from $69.00 to $70.00 and gave the stock an "equal weight" rating in a report on Friday, January 17th. Royal Bank of Canada increased their price objective on Victory Capital from $61.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. The Goldman Sachs Group lifted their target price on Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Finally, B. Riley reissued a "neutral" rating and issued a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $65.11.

Victory Capital Stock Up 1.5 %

Shares of Victory Capital stock traded up $1.01 during trading on Thursday, reaching $66.29. 56,210 shares of the company traded hands, compared to its average volume of 294,281. The firm has a market capitalization of $4.31 billion, a PE ratio of 16.48, a P/E/G ratio of 0.56 and a beta of 0.90. Victory Capital Holdings, Inc. has a 1-year low of $33.39 and a 1-year high of $73.42. The company has a 50 day moving average price of $66.04 and a 200-day moving average price of $59.25. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $1.33 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.33. Victory Capital had a net margin of 30.82% and a return on equity of 29.92%. The company had revenue of $225.63 million for the quarter, compared to analysts' expectations of $225.75 million. During the same quarter in the prior year, the firm earned $1.16 EPS. As a group, equities research analysts expect that Victory Capital Holdings, Inc. will post 5.24 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.66%. This is a positive change from Victory Capital's previous quarterly dividend of $0.41. The ex-dividend date was Monday, December 9th. Victory Capital's dividend payout ratio is presently 43.78%.

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.