American Century Companies Inc. Sells 24,701 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

American Century Companies Inc. trimmed its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 66.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,433 shares of the company's stock after selling 24,701 shares during the period. American Century Companies Inc.'s holdings in Victory Capital were worth $814,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. boosted its holdings in shares of Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after buying an additional 157 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Victory Capital in the fourth quarter worth about $43,000. FMR LLC boosted its stake in Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company's stock valued at $74,000 after acquiring an additional 206 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of Victory Capital by 33.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company's stock valued at $105,000 after acquiring an additional 482 shares during the period. Finally, Convergence Investment Partners LLC purchased a new stake in shares of Victory Capital during the 4th quarter worth approximately $193,000. Hedge funds and other institutional investors own 87.71% of the company's stock.

Wall Street Analysts Forecast Growth

VCTR has been the subject of several research reports. Morgan Stanley increased their price objective on Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a report on Friday, December 20th. B. Riley reissued a "neutral" rating and issued a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. JPMorgan Chase & Co. upped their price objective on shares of Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. BMO Capital Markets lifted their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Finally, Barclays dropped their price target on shares of Victory Capital from $75.00 to $59.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Victory Capital has a consensus rating of "Hold" and a consensus target price of $69.67.

Victory Capital Price Performance

Victory Capital stock traded up $0.16 during midday trading on Thursday, reaching $56.04. 23,960 shares of the stock were exchanged, compared to its average volume of 377,406. The company's fifty day moving average is $60.33 and its 200-day moving average is $62.67. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital Holdings, Inc. has a 52 week low of $43.82 and a 52 week high of $73.42. The firm has a market cap of $3.57 billion, a PE ratio of 12.81, a PEG ratio of 0.55 and a beta of 0.86.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. On average, sell-side analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.35%. Victory Capital's payout ratio is presently 43.02%.

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.