Victory Capital Holdings, Inc. $VCTR Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 80.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,413 shares of the company’s stock after selling 9,720 shares during the period. SG Americas Securities LLC’s holdings in Victory Capital were worth $158,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Amundi acquired a new position in shares of Victory Capital in the fourth quarter worth about $192,735,000. FIL Ltd acquired a new stake in shares of Victory Capital during the 4th quarter valued at about $26,813,000. Invesco Ltd. increased its stake in shares of Victory Capital by 163.6% in the 3rd quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock valued at $27,971,000 after purchasing an additional 268,061 shares in the last quarter. Voloridge Investment Management LLC increased its stake in shares of Victory Capital by 747.2% in the 3rd quarter. Voloridge Investment Management LLC now owns 299,862 shares of the company’s stock valued at $19,419,000 after purchasing an additional 264,468 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Victory Capital by 227.1% in the 3rd quarter. Barclays PLC now owns 315,141 shares of the company’s stock valued at $20,409,000 after purchasing an additional 218,808 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analysts Set New Price Targets

VCTR has been the topic of a number of recent analyst reports. The Goldman Sachs Group started coverage on Victory Capital in a research report on Tuesday, June 2nd. They set a “neutral” rating and a $90.00 price target on the stock. Barclays boosted their price objective on Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. upped their target price on Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Morgan Stanley increased their target price on Victory Capital from $76.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, June 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of Victory Capital in a research note on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $86.00.

Victory Capital Price Performance

NASDAQ:VCTR opened at $92.24 on Monday. The stock has a 50 day moving average of $86.02 and a two-hundred day moving average of $75.26. Victory Capital Holdings, Inc. has a 12 month low of $57.03 and a 12 month high of $92.83. The firm has a market cap of $5.77 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.12 and a beta of 1.09. 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 issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The firm had revenue of $387.99 million for the quarter, compared to analyst estimates of $364.97 million. During the same period in the previous year, the company posted $1.36 earnings per share. The business’s revenue was up 76.7% on a year-over-year basis. On average, analysts expect that Victory Capital Holdings, Inc. will post 7.21 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date was Wednesday, June 10th. Victory Capital’s dividend payout ratio (DPR) is currently 45.05%.

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.