TimesSquare Capital Management LLC Sells 18,771 Shares of Victory Capital Holdings, Inc. $VCTR

TimesSquare Capital Management LLC lessened its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 2.4% in the third quarter, HoldingsChannel reports. The firm owned 759,502 shares of the company’s stock after selling 18,771 shares during the period. TimesSquare Capital Management LLC’s holdings in Victory Capital were worth $49,185,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake in shares of Victory Capital by 2,131.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock worth $27,000 after buying an additional 405 shares during the last quarter. CWM LLC boosted its position in Victory Capital by 29.0% in the third quarter. CWM LLC now owns 973 shares of the company’s stock worth $63,000 after purchasing an additional 219 shares during the last quarter. AdvisorNet Financial Inc purchased a new position in Victory Capital in the third quarter worth about $65,000. Quantbot Technologies LP increased its position in shares of Victory Capital by 206.0% during the 2nd quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock valued at $78,000 after purchasing an additional 824 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Victory Capital by 25.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,882 shares of the company’s stock valued at $122,000 after purchasing an additional 378 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VCTR shares. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, January 21st. Zacks Research lowered Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Barclays set a $69.00 target price on Victory Capital in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. upped their price target on Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.38.

Victory Capital Trading Down 1.0%

Shares of Victory Capital stock opened at $74.74 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.26 and a current ratio of 1.47. The company has a fifty day moving average of $67.28 and a 200 day moving average of $66.77. The company has a market capitalization of $4.85 billion, a P/E ratio of 18.36, a P/E/G ratio of 0.78 and a beta of 1.05. Victory Capital Holdings, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $77.78.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The firm had revenue of $374.12 million during the quarter, compared to analyst estimates of $371.09 million. During the same quarter in the prior year, the company posted $1.45 earnings per share. The business’s quarterly revenue was up 61.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

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

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.