LSV Asset Management Decreases Holdings in Victory Capital Holdings, Inc. $VCTR

LSV Asset Management decreased its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 21.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 869,900 shares of the company’s stock after selling 235,390 shares during the period. LSV Asset Management’s holdings in Victory Capital were worth $56,335,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Amundi purchased a new stake in shares of Victory Capital during the 2nd quarter worth approximately $213,219,000. Geode Capital Management LLC grew its holdings in Victory Capital by 26.5% during the second quarter. Geode Capital Management LLC now owns 1,359,120 shares of the company’s stock valued at $86,545,000 after purchasing an additional 285,137 shares during the period. Principal Financial Group Inc. increased its position in Victory Capital by 8,812.2% in the third quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock worth $18,175,000 after buying an additional 277,497 shares during the last quarter. Basswood Capital Management L.L.C. increased its position in Victory Capital by 37.9% in the second quarter. Basswood Capital Management L.L.C. now owns 437,409 shares of the company’s stock worth $27,850,000 after buying an additional 120,140 shares during the last quarter. Finally, Kennedy Capital Management LLC bought a new stake in shares of Victory Capital in the second quarter valued at $6,592,000. 87.71% of the stock is owned by institutional investors.

Victory Capital Trading Down 1.0%

Shares of Victory Capital stock opened at $75.52 on Friday. The company’s 50-day moving average price is $67.05 and its 200-day moving average price is $66.76. The company has a current ratio of 1.47, a quick ratio of 1.26 and a debt-to-equity ratio of 0.40. Victory Capital Holdings, Inc. has a 12-month low of $47.00 and a 12-month high of $77.78. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 0.80 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.66 by $0.12. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The company had revenue of $374.12 million during the quarter, compared to analysts’ expectations of $371.09 million. During the same quarter in the previous year, the company earned $1.45 earnings per share. Victory Capital’s revenue for the quarter was up 61.0% on a year-over-year basis. On average, equities analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 2.6%. Victory Capital’s dividend payout ratio is presently 48.16%.

Analyst Ratings Changes

Several research firms have recently weighed in on VCTR. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, January 21st. Royal Bank Of Canada increased their target price on shares of Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a research report on Tuesday. Zacks Research downgraded shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. upped their price target on shares of Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Finally, Barclays set a $69.00 price objective on shares of Victory Capital in a research note on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.38.

Victory Capital Company Profile

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.