Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC cut its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,313 shares of the company’s stock after selling 1,653 shares during the period. Greenwood Capital Associates LLC’s holdings in Victory Capital were worth $871,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Longboard Asset Management LP acquired a new position in shares of Victory Capital in the 4th quarter worth approximately $230,000. Ibex Wealth Advisors boosted its position in shares of Victory Capital by 50.4% during the fourth quarter. Ibex Wealth Advisors now owns 15,874 shares of the company’s stock worth $1,039,000 after buying an additional 5,319 shares during the period. Blue Trust Inc. grew its stake in shares of Victory Capital by 18.0% in the fourth quarter. Blue Trust Inc. now owns 3,664 shares of the company’s stock valued at $240,000 after buying an additional 559 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Victory Capital by 11.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,730 shares of the company’s stock valued at $310,000 after buying an additional 495 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in Victory Capital during the 4th quarter worth about $367,000. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Victory Capital Stock Performance

NASDAQ:VCTR opened at $65.29 on Wednesday. The firm has a market capitalization of $4.25 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 0.56 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The business’s fifty day moving average price is $65.69 and its 200 day moving average price is $59.68. Victory Capital Holdings, Inc. has a 12 month low of $33.91 and a 12 month high of $73.42.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Thursday, November 7th. The company reported $1.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.33. The company had revenue of $225.63 million for the quarter, compared to analysts’ expectations of $225.75 million. Victory Capital had a net margin of 30.82% and a return on equity of 29.92%. During the same quarter last year, the company earned $1.16 earnings per share. On average, sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 5.22 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.70%. The ex-dividend date was Monday, December 9th. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio is currently 43.78%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VCTR. Royal Bank of Canada lifted their target price on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. UBS Group upped their target price on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their price target on shares of Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. The Goldman Sachs Group boosted their price target on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, B. Riley reiterated a “neutral” rating and issued a $60.00 target price (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $65.11.

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.