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

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

Several other institutional investors and hedge funds have also recently bought and sold shares of VCTR. Contravisory Investment Management Inc. increased its stake in Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after purchasing an additional 199 shares during the period. Farther Finance Advisors LLC increased its position in Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after acquiring an additional 452 shares during the period. USA Financial Formulas raised its stake in Victory Capital by 157.9% during the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after acquiring an additional 676 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Victory Capital during the 3rd quarter worth approximately $72,000. Finally, FMR LLC grew its stake in shares of Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on VCTR. B. Riley restated a “neutral” rating and set a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Barclays raised their target price on shares of Victory Capital from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Morgan Stanley boosted their price target on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. The Goldman Sachs Group raised their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, BMO Capital Markets boosted their target price on Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $65.11.

Victory Capital Price Performance

VCTR stock opened at $65.29 on Wednesday. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 0.56 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a 50 day moving average of $65.69 and a 200-day moving average of $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 posted its earnings results on Thursday, November 7th. The company reported $1.33 EPS for the quarter, hitting analysts’ consensus estimates of $1.33. Victory Capital had a return on equity of 29.92% and a net margin of 30.82%. The company had revenue of $225.63 million for the quarter, compared to the consensus estimate of $225.75 million. During the same period in the previous year, the business earned $1.16 earnings per share. As a group, equities analysts expect that Victory Capital Holdings, Inc. will post 5.22 EPS for the current fiscal year.

Victory Capital Increases Dividend

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

Victory Capital 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.