CenterBook Partners LP Sells 22,236 Shares of Victory Capital Holdings, Inc. $VCTR

CenterBook Partners LP lessened its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 40.5% in the 4th quarter, Holdings Channel reports. The firm owned 32,732 shares of the company’s stock after selling 22,236 shares during the period. CenterBook Partners LP’s holdings in Victory Capital were worth $2,065,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Capital World Investors increased its stake in Victory Capital by 4.3% in the fourth quarter. Capital World Investors now owns 3,768,001 shares of the company’s stock valued at $237,723,000 after purchasing an additional 155,732 shares in the last quarter. CIBC Asset Management Inc bought a new stake in shares of Victory Capital during the fourth quarter worth $206,000. Core Wealth Advisors LLC bought a new stake in shares of Victory Capital during the fourth quarter worth $30,000. BNP Paribas Financial Markets increased its position in shares of Victory Capital by 9.1% during the fourth quarter. BNP Paribas Financial Markets now owns 83,616 shares of the company’s stock worth $5,275,000 after acquiring an additional 6,958 shares in the last quarter. Finally, Royce & Associates LP increased its position in shares of Victory Capital by 0.8% during the fourth quarter. Royce & Associates LP now owns 570,523 shares of the company’s stock worth $35,994,000 after acquiring an additional 4,461 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VCTR shares. Morgan Stanley set a $76.00 price objective on shares of Victory Capital in a research report on Friday, May 1st. Barclays increased their price objective on shares of Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research report on Monday, April 20th. Royal Bank Of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of Victory Capital in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group started coverage on shares of Victory Capital in a research report on Tuesday, June 2nd. They set a “neutral” rating and a $90.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $84.71.

Victory Capital Stock Up 2.0%

Victory Capital stock opened at $89.12 on Wednesday. The company has a market cap of $5.57 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. Victory Capital Holdings, Inc. has a 1-year low of $57.03 and a 1-year high of $89.70. The company has a fifty day simple moving average of $78.36 and a 200 day simple moving average of $71.42. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.19. The business had revenue of $387.99 million during the quarter, compared to the consensus estimate of $364.97 million. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The firm’s revenue for the quarter was up 76.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 earnings per share. Research analysts anticipate that Victory Capital Holdings, Inc. will post 7.04 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Wednesday, June 10th. Victory Capital’s payout ratio is 44.14%.

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.