Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. Cuts Stock Position in Victory Capital Holdings, Inc. $VCTR

Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. reduced its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 32.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,059 shares of the company’s stock after selling 16,313 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. owned 0.05% of Victory Capital worth $2,169,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of VCTR. Amundi acquired a new stake in Victory Capital in the second quarter valued at approximately $213,219,000. Nuveen LLC purchased a new stake in shares of Victory Capital during the 1st quarter valued at $27,274,000. Geode Capital Management LLC boosted its position in shares of Victory Capital by 26.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,359,120 shares of the company’s stock worth $86,545,000 after purchasing an additional 285,137 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in Victory Capital by 17.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,825,998 shares of the company’s stock worth $105,671,000 after buying an additional 268,573 shares during the last quarter. Finally, Public Sector Pension Investment Board acquired a new position in Victory Capital during the 1st quarter valued at about $8,349,000. Institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Down 0.1%

VCTR stock opened at $63.56 on Friday. Victory Capital Holdings, Inc. has a 52-week low of $47.00 and a 52-week high of $73.00. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.41. The firm has a market cap of $4.13 billion, a P/E ratio of 16.21, a PEG ratio of 0.69 and a beta of 1.11. The company’s 50-day simple moving average is $63.66 and its 200-day simple moving average is $65.80.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.60 by $0.03. Victory Capital had a return on equity of 24.23% and a net margin of 25.27%.The company had revenue of $361.20 million during the quarter, compared to analyst estimates of $361.14 million. During the same period in the previous year, the business earned $1.35 EPS. Victory Capital’s quarterly revenue was up 60.1% on a year-over-year basis. As a group, equities analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th will be given a dividend of $0.49 per share. The ex-dividend date is Wednesday, December 10th. This represents a $1.96 dividend on an annualized basis and a yield of 3.1%. Victory Capital’s payout ratio is presently 50.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America boosted their price target on Victory Capital from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $76.00 price target on shares of Victory Capital in a report on Tuesday, September 23rd. Morgan Stanley upped their target price on Victory Capital from $67.00 to $69.00 and gave the company a “positive” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, October 8th. Finally, Zacks Research cut Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $74.89.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.