Acadian Asset Management LLC Trims Stake in Victory Capital Holdings, Inc. $VCTR

Key Points

• Acadian Asset Management LLC has reduced its stake in Victory Capital Holdings, Inc. by 45.4%, holding 99,440 shares after selling 82,843 during the first quarter.
• Victory Capital recently declared a quarterly dividend of $0.49, representing an annualized yield of 2.9%, with a payout ratio of 48.40%.
• The company reported $1.57 EPS for the latest quarter, exceeding estimates, with a 59.9% increase in revenue year-over-year, totaling $351.21 million.

Acadian Asset Management LLC lowered its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 45.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 99,440 shares of the company's stock after selling 82,843 shares during the period. Acadian Asset Management LLC owned about 0.16% of Victory Capital worth $5,751,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Intech Investment Management LLC boosted its holdings in Victory Capital by 18.8% in the 1st quarter. Intech Investment Management LLC now owns 20,442 shares of the company's stock worth $1,183,000 after buying an additional 3,237 shares during the period. Jane Street Group LLC bought a new position in Victory Capital in the 1st quarter worth $3,747,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Victory Capital by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,285 shares of the company's stock worth $5,688,000 after buying an additional 9,319 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Victory Capital by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 366,318 shares of the company's stock worth $21,199,000 after buying an additional 5,685 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Victory Capital in the 1st quarter worth $404,000. Institutional investors own 87.71% of the company's stock.

Victory Capital Price Performance

Shares of NASDAQ VCTR traded up $1.45 during mid-day trading on Thursday, hitting $68.71. 698,387 shares of the company's stock traded hands, compared to its average volume of 603,410. The company's 50-day moving average is $69.72 and its two-hundred day moving average is $63.47. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $4.59 billion, a P/E ratio of 16.97, a PEG ratio of 0.72 and a beta of 1.10. Victory Capital Holdings, Inc. has a 1 year low of $47.00 and a 1 year high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. The firm had revenue of $351.21 million for the quarter, compared to analysts' expectations of $348.89 million. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The business's revenue was up 59.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.31 EPS. On average, equities analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Wednesday, September 10th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, September 10th. Victory Capital's dividend payout ratio is 48.40%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Barclays increased their price objective on shares of Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Morgan Stanley increased their price objective on shares of Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, August 18th. B. Riley increased their price objective on shares of Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Finally, Wall Street Zen downgraded shares of Victory Capital from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Victory Capital presently has an average rating of "Moderate Buy" and a consensus price target of $73.22.

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.