Dark Forest Capital Management LP Trims Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Dark Forest Capital Management LP lessened its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 36.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,402 shares of the company's stock after selling 21,433 shares during the quarter. Dark Forest Capital Management LP owned 0.06% of Victory Capital worth $2,448,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VCTR. Covestor Ltd raised its stake in shares of Victory Capital by 3,207.1% during the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after acquiring an additional 449 shares during the last quarter. Principal Securities Inc. increased its stake in shares of Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after buying an additional 157 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Victory Capital during the fourth quarter worth about $43,000. FMR LLC lifted its stake in shares of Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company's stock worth $74,000 after acquiring an additional 206 shares during the period. Finally, Convergence Investment Partners LLC acquired a new stake in Victory Capital during the 4th quarter valued at approximately $193,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Price Performance

VCTR stock traded down $0.16 during midday trading on Monday, reaching $57.61. The company had a trading volume of 54,539 shares, compared to its average volume of 305,758. The firm has a 50-day moving average price of $58.64 and a 200-day moving average price of $62.77. The company has a market capitalization of $3.67 billion, a P/E ratio of 13.14, a P/E/G ratio of 0.55 and a beta of 0.86. Victory Capital Holdings, Inc. has a 1 year low of $43.82 and a 1 year high of $73.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19.

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, beating 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%. On average, research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently disclosed 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. This represents a $1.88 annualized dividend and a dividend yield of 3.26%. This is an increase from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. Victory Capital's dividend payout ratio is 43.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VCTR shares. JPMorgan Chase & Co. upped their target price on Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Bank of America dropped their price target on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Barclays decreased their target price on Victory Capital from $75.00 to $59.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. B. Riley reaffirmed a "neutral" rating and issued a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Finally, BMO Capital Markets raised their target price on 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $69.67.

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.