CANADA LIFE ASSURANCE Co Sells 10,120 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

CANADA LIFE ASSURANCE Co reduced its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 37.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. increased its holdings in 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 acquiring an additional 157 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in Victory Capital by 4.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company's stock worth $366,000 after purchasing an additional 218 shares during the period. Summit Investment Advisors Inc. raised its position in shares of Victory Capital by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company's stock valued at $282,000 after purchasing an additional 273 shares during the period. Covestor Ltd lifted its stake in shares of Victory Capital by 3,207.1% during the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after buying an additional 449 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in 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 worth $310,000 after buying an additional 495 shares during the period. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Price Performance

Shares of VCTR stock traded up $2.18 during trading on Friday, hitting $59.59. The company had a trading volume of 276,943 shares, compared to its average volume of 359,996. Victory Capital Holdings, Inc. has a 52 week low of $43.82 and a 52 week high of $73.42. The stock has a market capitalization 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 1.05. 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 stock's 50-day moving average is $57.90 and its two-hundred day moving average is $62.72.

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

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders 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 represents a $1.88 annualized dividend and a yield of 3.15%. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. Victory Capital's payout ratio is 43.02%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VCTR. B. Riley restated a "neutral" rating and set a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Bank of America dropped their price objective on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. JPMorgan Chase & Co. reduced their target price on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Barclays lowered 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 report on Wednesday, April 16th. Finally, UBS Group reduced their price objective on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $69.33.

About Victory Capital

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.