Van Berkom & Associates Inc. Sells 101,428 Shares of Victory Capital Holdings, Inc. $VCTR

Van Berkom & Associates Inc. trimmed its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 5.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,682,614 shares of the company’s stock after selling 101,428 shares during the quarter. Victory Capital makes up approximately 3.2% of Van Berkom & Associates Inc.’s holdings, making the stock its 5th biggest holding. Van Berkom & Associates Inc.’s holdings in Victory Capital were worth $108,966,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Victory Capital by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,469 shares of the company’s stock valued at $1,416,000 after purchasing an additional 1,060 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Victory Capital by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 366,318 shares of the company’s stock valued at $21,199,000 after buying an additional 5,685 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Victory Capital by 10.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,285 shares of the company’s stock valued at $5,688,000 after buying an additional 9,319 shares during the last quarter. Jane Street Group LLC purchased a new position in Victory Capital during the first quarter worth about $3,747,000. Finally, Intech Investment Management LLC raised its stake in shares of Victory Capital by 18.8% in the 1st quarter. Intech Investment Management LLC now owns 20,442 shares of the company’s stock valued at $1,183,000 after acquiring an additional 3,237 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Performance

Shares of VCTR stock opened at $69.00 on Wednesday. The company has a market cap of $4.48 billion, a P/E ratio of 17.60, a PEG ratio of 0.71 and a beta of 1.05. The firm has a fifty day moving average price of $65.51 and a 200 day moving average price of $66.50. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.41. Victory Capital Holdings, Inc. has a 12 month low of $47.00 and a 12 month high of $73.00.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.03. Victory Capital had a return on equity of 24.23% and a net margin of 25.27%.The company had revenue of $361.20 million during the quarter, compared to the consensus estimate of $361.14 million. During the same period in the previous year, the business earned $1.35 EPS. Victory Capital’s revenue for the quarter was up 60.1% on a year-over-year basis. Sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.8%. The ex-dividend date was Wednesday, December 10th. Victory Capital’s dividend payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Barclays cut their price target on shares of Victory Capital from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Morgan Stanley decreased their price target on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Zacks Research cut Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Victory Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

About Victory Capital

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.