Victory Capital Holdings, Inc. $VCTR Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 17.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 41,069 shares of the company’s stock after selling 8,583 shares during the period. Fisher Asset Management LLC’s holdings in Victory Capital were worth $2,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of VCTR. Vanguard Group Inc. increased its holdings in shares of Victory Capital by 12.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock valued at $307,073,000 after acquiring an additional 515,845 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Victory Capital by 8,812.2% in the 3rd quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock valued at $18,175,000 after acquiring an additional 277,497 shares during the period. Invesco Ltd. increased its holdings 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 acquiring an additional 268,061 shares during the period. Voloridge Investment Management LLC increased its stake in 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 buying an additional 264,468 shares during the period. Finally, Barclays PLC increased its stake in 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 buying an additional 218,808 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VCTR. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research note on Monday, April 20th. JPMorgan Chase & Co. boosted their price objective on shares of Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Morgan Stanley set a $76.00 price objective on shares of Victory Capital in a research note on Friday, May 1st. Finally, Barclays boosted their price objective on shares of Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Victory Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.71.

Victory Capital Stock Performance

Shares of VCTR opened at $85.09 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $5.32 billion, a P/E ratio of 19.16, a P/E/G ratio of 0.95 and a beta of 1.09. The company’s fifty day moving average is $75.38 and its two-hundred day moving average is $70.07. Victory Capital Holdings, Inc. has a 1 year low of $57.03 and a 1 year high of $88.73.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.63 by $0.19. The company had revenue of $387.99 million for the quarter, compared to analyst estimates of $364.97 million. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The business’s revenue was up 76.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.36 EPS. On average, sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.93 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, June 10th. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. Victory Capital’s payout ratio is presently 44.14%.

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.