Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co cut its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 37.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,247 shares of the company's stock after selling 10,120 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in Victory Capital were worth $1,128,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Victory Capital by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,966,221 shares of the company's stock valued at $259,629,000 after purchasing an additional 79,240 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Victory Capital by 1.6% in the 4th quarter. Franklin Resources Inc. now owns 2,011,963 shares of the company's stock valued at $131,703,000 after buying an additional 31,944 shares in the last quarter. Bahl & Gaynor Inc. grew its position in shares of Victory Capital by 10.9% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock valued at $101,949,000 after buying an additional 153,459 shares during the last quarter. Geode Capital Management LLC boosted its stake in Victory Capital by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,044,511 shares of the company's stock valued at $68,390,000 after acquiring an additional 7,786 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Victory Capital by 20.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company's stock worth $63,899,000 after purchasing an additional 166,265 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Victory Capital Stock Performance

NASDAQ VCTR traded up $2.18 during trading hours on Friday, hitting $59.59. 276,943 shares of the stock were exchanged, compared to its average volume of 360,524. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86. Victory Capital Holdings, Inc. has a 12-month low of $43.82 and a 12-month high of $73.42. The stock has a 50-day moving average of $57.90 and a 200 day moving average of $62.69.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results 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%. As a group, equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.15%. Victory Capital's dividend payout ratio is 43.02%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. 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 cut their target price on shares of Victory Capital from $75.00 to $59.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Bank of America decreased their price target on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets increased 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. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $69.33.

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.