Victory Capital Holdings, Inc. $VCTR Stock: Royce & Associates LP Cuts Holdings

Royce & Associates LP trimmed its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 23.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 403,572 shares of the company’s stock after selling 125,677 shares during the quarter. Royce & Associates LP owned 0.66% of Victory Capital worth $44,635,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nykredit A S acquired a new position in Victory Capital in the 2nd quarter valued at approximately $26,000. CENTRAL TRUST Co lifted its holdings in shares of Victory Capital by 51.1% during the third quarter. CENTRAL TRUST Co now owns 281 shares of the company’s stock worth $31,000 after purchasing an additional 95 shares during the period. Gen Wealth Partners Inc acquired a new position in shares of Victory Capital during the third quarter worth $33,000. Root Financial Partners LLC acquired a new position in shares of Victory Capital during the third quarter worth $34,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Victory Capital during the second quarter worth $44,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on VCTR shares. The Goldman Sachs Group boosted their price objective on shares of Victory Capital from $100.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. JPMorgan Chase & Co. raised their target price on Victory Capital from $101.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, October 16th. Morgan Stanley lifted their target price on Victory Capital from $115.00 to $119.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 28th. Wall Street Zen downgraded Victory Capital from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Finally, Weiss Ratings upgraded Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $119.50.

Victory Capital Trading Up 0.7%

NASDAQ:VCTR traded up $0.82 on Friday, reaching $125.26. 576,352 shares of the stock traded hands, compared to its average volume of 629,716. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40. Victory Capital Holdings, Inc. has a 1-year low of $60.74 and a 1-year high of $129.31. The company’s 50 day moving average is $111.87 and its 200-day moving average is $91.76. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 0.54 and a beta of 1.12.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). Victory Capital had a return on equity of 24.37% and a net margin of 28.58%. The firm had revenue of $396.57 million during the quarter, compared to analyst estimates of $411.23 million. Equities research analysts anticipate that Victory Capital Holdings, Inc. will post 7.78 EPS for the current fiscal year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Stockholders of record on Thursday, December 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, December 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. Victory Capital’s dividend payout ratio is 36.76%.

Victory Capital Profile

Victory Capital Holdings, Inc. is an investment management firm that provides services to institutional investors, financial intermediaries and individual investors. Its offerings include mutual funds, exchange-traded funds, separately managed accounts and other investment strategies across a range of asset classes. Founded in 2013 and headquartered in San Antonio, Texas, the company operates through a group of investment franchises with distinct investment approaches. Victory Capital serves clients in the United States and internationally.