Acadian Asset Management LLC Reduces Stock Holdings 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 reduced its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 45.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,440 shares of the company's stock after selling 82,843 shares during the period. Acadian Asset Management LLC owned 0.16% of Victory Capital worth $5,751,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in Victory Capital in the first quarter valued at approximately $34,000. Opal Wealth Advisors LLC acquired a new stake in shares of Victory Capital in the first quarter valued at approximately $37,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Victory Capital in the first quarter valued at approximately $41,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Victory Capital in the first quarter valued at approximately $98,000. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Victory Capital by 17.8% in the first quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock valued at $126,000 after acquiring an additional 329 shares during the period. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Victory Capital Stock Down 2.9%

Shares of NASDAQ:VCTR opened at $68.62 on Friday. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 0.75 and a beta of 1.10. Victory Capital Holdings, Inc. has a 12-month low of $47.00 and a 12-month high of $73.42. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.39. The stock's 50-day moving average price is $69.46 and its two-hundred day moving average price is $63.34.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The firm had revenue of $351.21 million for the quarter, compared to analyst estimates of $348.89 million. During the same period in the previous year, the company posted $1.31 EPS. Victory Capital's revenue for the quarter was up 59.9% on a year-over-year basis. On average, research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Announces Dividend

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

Analyst Ratings Changes

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

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